Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Consecutive Green Candles w/ Decreasing Vol Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
Gus_17
Posted : Tuesday, September 12, 2017 6:01:57 PM
Registered User
Joined: 9/10/2017
Posts: 3

Hello Bruce,

I'd appreciate if you could help me plot the following on an EasyScan setup:

- stock is up on the day

- at least three green 5-min candles 

- price change of the three green candles needs to be at least $0.50

- decreasing volume for the three 5-min candles

 

Much appreciated!

Bruce_L
Posted : Wednesday, September 13, 2017 9:57:28 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You will want to create a daily Condition Formula for the stock is up on the day portion. If you mean the close is higher than the previous close.

C > C1

If you mean the close is above the open.

C > O

If you require both.

C > O AND C > C1

You will add this daily Condition Formula to the same EasyScan as another Condition Formula set to use a 5 minute time frame instead.

If Color Based On is set to Net Change, a green candle is when:

C >= C1

If Color Based On is set to Open vs Close, a green candle is when:

C >= O

The following assumes Color Based on is set to Open vs Close since this is them more common setting for candles, but you can change the C >= O to C >= C1 if Color Based On is set to Net Change instead.

TrueInRow(C >= O AND V < V1, 3) = 3 AND C >= C3 + 50 / 100

This also assumes you mean green candles and not up condles. You can get rid of the equality sign in the C >= O or C >= C1 in order to eliminate cases where price is not actually up.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.