Worden Discussion Forum
For CBPX, the 24th was a Close Down, the 27th was a close up and the open on the 27th is equal to the close on the 24th.
Not sure what you think is wrong with the formula.
Not sure exactly what you're trying to do, but plotting Donchian Channels with a period of 30 and offset of 0 on a 1-minute chart would show those values.
For a PCF scan condition, MAXH30 with a time frame set to 1-minute would return the same value as the top of the Donchian Channel. MINL30 would return the bottom channel value.
What criteria are you using for the color of the candles? Net Change or the Open vs Close?
If Net Change, then three red candles proir to the candle would be C4 > C3 and C3 > C2 and C2 > C1
If Open vs Close, use C3<O3 and C2<O2 and C1<O1
O / AVGC20 > .98 AND O / AVGC20 < 1.02
This will find stocks where the Open is within 2% above or below the SMA 20
You can't go below the MINL20 so all you need is C <= MINL20 * .03
For below the high, use C >= MAXH20 * .97
TC2000 chat in any version requires Platinum service. It is not available with Gold.
The release notes have been updated for the latest build.
I think you can drop all but this:
ABS(C - O) <= .2 * (H - L) AND ABS(O - C) >= .1 * (H - L) AND O - L >= .5 * (H - L) AND C - L >= .5 * (H - L)
You will get a few false positives, but I think that's better than missing stocks like ACIA that don't meet the stringent requirements of the original formula.
I just sent you a scan via TCMail. Click Tools > TCMail to retrieve it. Price has be within 10% of the top channel and not more than 5% above and the top channel has to flat for at least 5 days.
No, you cannot mix time frames in a PCF.