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Registered User Joined: 5/7/2010 Posts: 14
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Please help!
Looking to write PCF on how to find
YTD% change yearly (for example how much a stock has moved from JAN till NOW MAR)
and stock price is greater than $15
and Vol is greater than 250000
2nd PCF
Stop price drop is equal or greater than 3 standard deviation of its Bollinger band.
Thank oyou
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You can do the price greater than $15 and volume greater than 250,000 shares in a daily time frame as follows (this returns true or false and is a condition formula).
C > 15 AND V > 250000
Your YTD% Change can be written as follows (it returns a numeric value and is an indicator formula instead of a condition formula), but the time frame of this formulas needs to be yearly instead of daily (the formula is for a 1 period price percent change).
100 * (C / C1 - 1)
You can add both conditions to the same scan and set the requirements of the YTD% change as desired (or use it as a WatchList column and sort instead).
A condition formula for price being below the bottom band of simple Bollinger Bands 20, 2.00 can be written as follows.
C < BBBOT(3, 20)
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 12/4/2006 Posts: 2
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Good Evening!
Im trying to create a scan that will find bullish hammers at multi month/year lows on increasing volume. Any help would be appreciated. Thank you, Chris.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Are the bullish hammers in a daily time frame or a monthly or yearly time frame?
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 12/4/2006 Posts: 2
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QUOTE (Bruce_L)
Are the bullish hammers in a daily time frame or a monthly or yearly time frame?
Sorry Bruce, daily time frame. Thank you!
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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The basic bullish hammer requirements come from the Boolean PCFs for Candlestick Patterns topic (although I am not using the entire formula). The top if the body is within 5% of the top of the candle and constitutes 10% to 20% of the entire candle. That candle has to have a range of at least 80% of the average over the most recent 10 candles.
We are checking for the low of this candle to be the low of the most recent 23 bars (should be a bit more than a month) using the following daily condition formula.
H > L AND 20 * GREATEST(O, C) >= 19 * H + L AND H - L <= 10 * ABS(O - C) AND 5 * ABS(O - C) <= H - L AND 5 * H - L >= 4 * AVG(H - L, 10) AND L = MINL23
You would then add this to the same scan as a condition formula checking for the low of the current month to be the monthly low over multiply months (multiply the desired value by 12 if interested in years instead).
So the monthly condition formula for a 6 month low would be:
L = MINL6
And the monthly conidtion fomula for a 3 year low would be:
L = MINL36
-Bruce Personal Criteria Formulas TC2000 Support Articles
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