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Registered User
Joined: 7/26/2005
Posts: 109
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Can you explain what this scan means.
(H+L+C-AVGH5-AVGL5-AVGC5)*1000/3/
(ABS(H+L+C-AVGH5-AVGL5-AVGC5)+ABS(H1+L1+C1-AVGH5-AVGL5-AVGC5)
+ABS(H2+L2+C2-AVGH5-AVGL5-AVGC5)+ABS(H3+L3+C3-AVGH5-AVGL5-AVGC5)
+ABS(H4+L4+C4-AVGH5-AVGL5-AVGC5))
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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It's a Personal Criteria Formula for the 5-Period Commodity Channel Index (CCI). It takes the difference of the Typical Price from its Simple Moving Average and divides it by the Mean Deviation of the Typical Price (the whole thing is then adjusted by a constant specified by the CCI's designer, Donald Lambert).
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 7/26/2005
Posts: 109
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Sorry wrong PCF Thanks for your help.
( 100 * (C - C1) / C1) >= 4 AND V >= 1000 AND V > V1 AND (100 * (C1 - C22) / C22) <= 10 OR (100 * (C1 - C11) / C11) <= 10 AND C >= (.85 * MAXC135)
Please tell me what this is looking for
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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QUOTE (wjdowney) ( 100 * (C - C1) / C1) >= 4
1-Period Price Percent Change is at least 4%.
QUOTE (wjdowney) V >= 1000
Current Volume is at least 100000 shares.
Current Volume is above previous Volume.
QUOTE (wjdowney) (100 * (C1 - C22) / C22) <= 10
22-Period Price Percent Change is at or below 10%.
QUOTE (wjdowney) (100 * (C1 - C11) / C11) <= 10
11-Period Price Percent Change is at or below 10%.
QUOTE (wjdowney) C >= (.85 * MAXC135)
Current Price is at least 85% of the Maximum Close over the last 135-Periods.
You may wish to review the following:
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
How to create a Personal Criteria Forumula (PCF)
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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