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PCF Formula and/or %true indicator Rate this Topic:
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cdrapeau
Posted : Thursday, December 3, 2009 4:43:46 PM
Registered User
Joined: 8/3/2009
Posts: 8
Hi

I am trying to create (in Telechart) a PCF and/or a custom indicator (%true; boolean formula) for this ....  L < ((2.95 * MINL15.7) - MAXH7.3) / 2 .... but I always receive an error message .... I must be doing something wrong ... but I do not know what?

Any help would be greatly appreciated

Thanks

Christian
Bruce_L
Posted : Thursday, December 3, 2009 4:50:31 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
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!

I don't get any error messages when using:

L < ((2.95 * MINL15.7) - MAXH7.3) / 2

As either a Personal Criteria Formula or a Custom Percent True Indicator.

How to create a Personal Criteria Forumula (PCF)
Visually Backtesting Specific Symbols

Whate error messages are you receiving?

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
cdrapeau
Posted : Thursday, December 3, 2009 8:36:58 PM
Registered User
Joined: 8/3/2009
Posts: 8
I have created many custom indicators over the past few weeks .... without problem .... this time the error message says that the formula most return a boolean value .... ????
Bruce_L
Posted : Friday, December 4, 2009 8:57:43 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
Are you sure there isn't anything in the formula besides?

L < ((2.95 * MINL15.7) - MAXH7.3) / 2

That formula is a Boolean formula and should work correctly in a Custom Percent True Indicator. As a regular Custom Indicator it should return "FormulaFORMULA ERROR!!!Must not be a boolean formula)".

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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