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Profile: bcochrane
User Name: bcochrane
Groups: Gold User, Member, TeleChart
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Joined: Friday, September 17, 2010
Last Visit: Tuesday, January 15, 2019 8:51:26 PM
Number of Posts: 458
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Last 10 Posts
Topic: PCF Formula for a Swing Candle Trade
Posted: Saturday, January 12, 2019 6:02:36 PM

To get you started from http://forums.worden.com/default.aspx?g=posts&t=68321

"The following condition formula is an example checking for the entire range of price to be less than 3% over 15 bars (about 3 weeks in a daily time frame).

MAXH15 <= 1.03 * MINL15

The following condition formula checks for the closing prices to be in a 2% range over 15 bars.

MAXC15 <= 1.02 * MINC15"

so 5 days within 2%

MAXC5 <= 1.02 * MINC5

The lows within 2%

MAXLx <= 1.02 * MINLx and last


Topic: Price/Volume Crescendo Formula
Posted: Tuesday, January 01, 2019 11:55:20 AM

Webpage with PCF introduction material


You can also Search these forums to see if a solution has already been identified

A simple PCF for price increasing over three days would be:

C>C1 and C1> C2 and C2 > C3

Similarly for Volume increasing over 3 days

V >V1 and V1 >V2 and V2 > V3

and I&#39;d cheat a bit for above average volume

V3> AvgV20

I use 20 as the period over which to average volume. Default for TC2000 seems to be 50, pick your poison.

There are more elegant ways to write these, I thought the simplest might be most appropriate for you


Topic: Volatility Rank or Relative Volatility Index (RVI)
Posted: Sunday, December 23, 2018 8:19:51 PM

Does this help?


Topic: Constance Brown composite index
Posted: Saturday, December 22, 2018 6:47:24 PM

XAVG(XAVG(WRSIr.z, a), b) - AVG(XAVG(XAVG(WRSIr.z, a), b), c)

XAVG(XAVG(WRSI14, 5), 3) - AVG(XAVG(XAVG(WRSI14, 5), 3), 9)


r = 14, a = 5. b = 3, c = 9 and we ignore z in this case (it would be used for z days ago)

I think you are correct identifying Derivative Oscillator as what you are looking for

Topic: ADR
Posted: Sunday, December 16, 2018 12:54:50 PM

Why can&#39;t you use ATR 5 built in Formula?

There is a difference mathematically between

  • the highest High minus the lowest Low of the past 5 days [in TC2000 (MaxH5-MinL5)/5] and
  • an average range  over 5 days which is the average of the range each day, divided by the number of days which is [almost] )    (H-L) + (H1-L1) +(H2-L2) - (H3-L3) + (H4-L4))/ 5. This might be the ADR you are looking for.
  • I say almost because the formula actually used for ATR is a bit more complex to account for down days. I&#39;m not sure which exact calculation Worden uses, but you can read about the math behind ATR here https://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:average_true_range_atr
Topic: ADR
Posted: Saturday, December 15, 2018 4:44:26 PM

The forum is resourced during regular working hours, Monday - Friday.

By ADR do you mean Average True Range ATR?

I&#39;m not clear from your description what you are after. "Highest High" is the Highest of the 5 days, which would be MaxH5. so you would be looking for (MaxH5-MinL5)/.

On the other hand, the PCF suggests looking for the average Candle height across the 5 days. ATR standard equation is Current High less the current Low, so ATR5 should yield the result you might be looking for. Why not use the built in formula?

Your PCF is summing the 1 day Range (MAXH1 - MINL1), the 2 day range (MAXH2 - MINL2) etc rather than the average of the individual days MaxH2 is the higher high of the last two days, not the High of two days ago



Hope this helps


Topic: EMA Cloud
Posted: Sunday, December 09, 2018 10:08:15 AM

Check TCMail, I sent you a chart with Bruce&#39;s fix on it

Topic: EMA Cloud
Posted: Thursday, December 06, 2018 6:00:12 PM

Thanks, that helps :-)

Topic: EMA Cloud
Posted: Thursday, December 06, 2018 9:10:13 AM

The complicating comestic plot is Plot 3 above. Without it, the area where fills for the two EMA plots overlap is a pale brown. With plot 3 I was trying to overcome (hide) that. If one were to use just plot 1 & 2, everything is visible (grids etc, candles etc, at the price of an unintentional fill where the two overlap

Topic: EMA Cloud
Posted: Wednesday, December 05, 2018 9:04:19 PM

Re above solution:

Looking at some other charts, the area fills hide some of the candles, which is not good. Can&#39;t think of a way around it. Darn