Registered User
Joined: 1/21/2010
Posts: 21
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Can you assist me with a pcf that will help identify stocks breaking out of a consoldation trend or channel that is within the BB. Just want to formulate a scan to indentify breakouts from the BB volitilty squeeze . Closing prices within a day.
Maybe a second formula to identify stocks that are trending in the upper half of their BB.
Thank you
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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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!
Any formulas would depend on your specific Bollinger Band settings, how you want to identify a breakout (is it just crossing through one of the bands), and if you want to idetentify the squeeze as well (which would require an umabiguous objective definition of how you want to define the squeeze). With the answers to the questions, we may be able to help you write a formula.
The Modelling Bollinger Bands (& Standard Deviation) in a TC PCF topic covers the creation of Personal Criteria Formulas for Bollinger Bands in considerable detail. You may also wish to review the following:
Finding Expanding or Contracting Bollinger Bands
Sort using envelopes, regression channels and Bollinger bands
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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