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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » 5 day pullback calculation

5 day pullback calculation Rate this Topic:
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saniamir
Posted : Thursday, February 24, 2005 9:26:38 AM
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Joined: 10/7/2004
Posts: 22
 How do I calculate a True False for Stocks that have pulled back to make at least a 5 day low?

Thanks,

Amir
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Craig_S
Posted : Thursday, February 24, 2005 9:28:19 AM


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 L=MINL5

Will be true for stocks whose low today is the lowest in the last five days.
- Craig
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saniamir
Posted : Thursday, February 24, 2005 10:34:15 AM
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 what if I want low in the previous 5 days? is it L1=minL6
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Craig_S
Posted : Thursday, February 24, 2005 12:36:35 PM


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 I am not sure what you mean by "low in the previous 5 days".

The formula you give will return TRUE if the low yesterday (L1) is equal to the lowest low for the last six trading days (MINL6).
- Craig
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saniamir
Posted : Friday, February 25, 2005 2:09:43 AM
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Posts: 22
 The wording that I am trying to interpret is as follows: "Stocks that have pulled back to make at least a five day low."

I think your formula is correct, but I want it up to yesterday, not including today.

Thanks,

Amir
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Craig_S
Posted : Friday, February 25, 2005 2:52:11 AM


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 Then use:

L1=MINL5.1

Put it in your system. Look at the charts and let me know if it is what you wanted.
- Craig
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saniamir
Posted : Friday, February 25, 2005 8:35:57 AM
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Posts: 22
 perfect
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Craig_S
Posted : Friday, February 25, 2005 8:43:43 AM


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Joined: 10/1/2004
Posts: 18,819

We did it!
- Craig
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