Registered User
Joined: 1/19/2019
Posts: 2
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Hello! I am attempting to use a formula for a Bolinger Band Squeeze scan that I came across. When I enter the formula, it says "formula error". Any ideas on what I need to modify to run the scan? Thanks in advance.
[type = stock] and [country = us] and [daily sma(20,daily volume) > 250000] and [daily bb width(20,2.0,daily close) <= daily close * 0.06]
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Registered User
Joined: 1/19/2019
Posts: 2
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Also, is there a way to adjust the band width to 6% of the 20-day MA, rather than 6% or less of the close? Thanks again.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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That formula definitely isn't a TC2000 formula. In TC2000 it would be:
AVGV20 > 250000 AND 4 * STDDEV20 <= .06 * C
You can change that .06 to something else if you want pretty easily.
-Bruce
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