Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Author: Doug Holden
Press the Play button on the bottom of the video to start.
Keywords: doji candle body shadow PCF EasyScan range selector edit scan button gap chart pattern patterns candlestick formation
If you would like to view the video offline, click here and select the Save option.
- Doug
Teaching Online!
To view this video you must have Macromedia Flash Player and Microsoft Internet Explorer 5+
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Registered User
Joined: 12/7/2004
Posts: 1
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Mr. Holden,
I think I have deleted the gap up and gap down canned pcfs. I have tried restoring off of my original software disk and all I get is the gappers-h. If you could point me in the right direction. I could test drive the above scans.
Thank You LNO7
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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I actually think Gappers-H is the only canned gap criterion. Try these:
Gap Up
L > H1
Gap Down
H < L1
- Doug
Teaching Online!
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Registered User
Joined: 12/2/2004
Posts: 4
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hi doug....i keyed the scan into my system....question i have for you...when i run it(scanning for dojis and gaps) ...the doji and gaps are not always the previous two days....some seem a little furhter back...is this how it is supposed to work?
thanks for your help don
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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dbt55:
Sounds like your PCF's may not be updated. Make sure you update them, try the scan again, and see what happens.
- Doug
Teaching Online!
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Registered User
Joined: 12/2/2004
Posts: 4
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doug.....thx resolved issue after tonights update followed by pcf update
thx for your help don
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Registered User
Joined: 4/29/2005
Posts: 9
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when i tried to follow the formula for a doji and i hit the add condition in the easy scan box and typed gap i did not get a gap-up or gap-down choice like the tutorial showed. can u tell why many of the choices are not there.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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The condition has changed to GAPPERS
Once you select it in EasyScan you can choose up, down or both. You can also sort by the condition in descending order.
- Craig
Here to Help!
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Registered User
Joined: 3/5/2005
Posts: 5
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Iam not able to find high vs low yesterday or open vs close yesterday, any ideas were they can be found?
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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You must create them as PCF's in your TeleChart:
High vs. Low Yesterday
H1/L1
Open vs. Close Yesterday
O1/C1
If you're not familiar with how to create a PCF, here is a video that will help:
How to create a Personal Criteria Forumula (PCF)
- Doug
Teaching Online!
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Registered User
Joined: 3/5/2005
Posts: 5
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Thanks Doug, appreciate your help, now how can I write a formula where the tail is three times longer than the body on this doji.
TM
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Not sure I understand. A doji typically has very little body...the open and close are very close to (or exactly) the same value. Are you looking for the Open and Close to be in the upper portion of the trading range for the day? Can you clarify?
- Doug
Teaching Online!
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Registered User
Joined: 3/5/2005
Posts: 5
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I am trying to create a dragon specially after a short term correction. The tail or low of the day is three times the length of the body, where it looks like a doji. Tks for your patience, TM
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Here is a PCF to try:
Body as % of Wick
ABS(C-O)/(H-L)*100
This will return the body as a percent of the wick. A value of 33 means the body is 1/3rd the size of the wick (or, the wick is 3x the length of the body).
Make sense?
- Craig
Here to Help!
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Registered User
Joined: 3/5/2005
Posts: 5
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I am not able to find value? I follow the video exactly, but do not have the condition of Open vs Close yesterday nor High vs low yesterday. Do I have the right membership (Gold)or the right version 6.00042. I did try this formula but get all 6800 stocks?
Tks a mil, TM
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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bigtone:
The PCF's you're looking for are the ones I posted for you yesterday, just a few posts up from this one. You must create them in your TeleChart.
- Doug
Teaching Online!
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Registered User
Joined: 8/19/2005
Posts: 5
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Hi Doug,
Thanks much for the Candle Stick lesson!
Is it possible to write a PCF to find a Doji on a weekly basis with an exhaustion run up, after the issue has an extended price rise, say 13 to 26 weeks out?
Thanks, 2000trader
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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These are all for weekly charts:
This PCF will compare the close to the open 4 days ago:
C/O*100
(Limit to VALUES 99 to 101)
This PCF will compare the high and low of the candle
MAXH5/MINL5*100
(Limit to VALUES greater than 100
These two PCFs, limited correctly, will find Dojis on a weekly chart. Add any price or volume requirements to the EasyScan.
The final step will be to sort the resulting WatchList by Price Percent Change 26-weeks in DESCENDING order.
- Craig
Here to Help!
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Registered User
Joined: 8/8/2005
Posts: 2
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Hello,
I have used the C1 / O1=1 in order to find dojis that occured yesterday. Today is saterday so it should find them from yesterday.
PCF and Telechart are fully updated. when I get X value I still notice there the value are randon, with other words, it did not work out.
I have the samme problem with Bullish Engulfing, sometimes it works and sometimes it does not, even though I use the same easyscan and PCF's.
How can I solve this.
rgds
Rob
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Even though today is Saturday, the latest open, high, low, and close data you have is dated Friday October 28. "Yesterday" is still going to be Thursday, until the market opens on Monday and you download some new data.
- Doug
Teaching Online!
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Registered User
Joined: 3/23/2006
Posts: 3
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Hi: When following you8r presentation, I wnet to my conditions and tried to find "open vs High yesterday," high vs low yesterday," and "gap up." They don't exist in my list of options. Is there a newer version I need or what is the work around?
Thanks
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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You have to create these PCF's and then update them. They do not come as part of your Telechart installation. As given in the video, here they are:
Open vs. Close Yesterday
O1/C1
High vs. Low Yesterday
H1/L1
Gap Up
L>H1
Gap Down
H<L1
- Doug
Teaching Online!
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Registered User
Joined: 8/17/2007
Posts: 7
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Hi Doug
I'm new to Telecharts and the stock market on the whole.
I just viewed your video clip "for Scanning for Dojis followed by gaps with Candlestick PCFs" is this a stonger set up than with a Doji before a gap.
Thanks
Dave
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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emmadaniel1,
The trainers cannot give settings, interpretation or investment advice. You may wish to ask a similar question in the Stock and Market Talk forum where other traders are more likely to see it and comment.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/28/2008
Posts: 19
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Good morning guys
I was looking for dojis formulas and I saw Doug H video on dojis but it looks like the ability to search for High Vs Low yesterday and Open Vs Close yesterday were remove from the system.
could you help me out if i am looking on a Weekly Chart for
1- Doji Star Bullish
2-Morning Doji Star Bullish
3- Doji Star Bearish
4- Evening Doji Star Bearish
thanks in advance for the help
Andrew
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Registered User
Joined: 2/12/2008
Posts: 1
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Hello there,
I'm new to telechart2000.
I watched your video on creating a scan for gap up after doji. When I clicked on new Easyscan , then changed to all stocks, I could not find "open vs close" in my pfc library. All I could find is "gappers". Where could I get info on how to create an "open vs close" pfc?
Thanks
Rus
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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tdbroker,
You will probably be better off using the technique described in Boolean PCFs for Candlestick Patterns when attempting to find such a broad range of candlestick patterns (I prefer it anyway). If you need help converting this Daily formulas into Weekly formulas please ask the question in a new topic in the Ask a Trainer forum.
ruso1o,
Welcome to the forums. A very good foundation for learning how to use TeleChart can be gained by reviewing the following:
If you are new to TeleChart READ THIS FIRST!
The video explains making the Open vs Close Personal Criteria Formula. It is not one of the example PCFs that ships with TeleChart. The Sunday, January 09, 2005 5:57:22 PM ET, Tuesday, May 24, 2005 5:14:21 PM ET, Wednesday, May 25, 2005 9:45:43 AM ET, Saturday, August 20, 2005 8:40:10 AM ET and Friday, March 31, 2006 3:35:09 PM ET posts in this very topic have some of the formulas you might wish to use with the technique presented here. You may also wish to review the following topic for information on creating PCFs:
How to create a Personal Criteria Forumula (PCF)
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/19/2007
Posts: 4
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Hello,
I am not getting the value slider that is showing on the video...
I set the combo box to value the options I have are:
92.02[ blue bar] 90 Max
64.99[ blue bar] 75
45.85[ blue bar] 50
24.44 [ blue bar] 25
19.62 [ blue bar] 10 Min
What am I doing wrong?
Also, when I click watchlist All Items in System, the count is only 7651... is it my software?
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