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Confused about formulas used from EOD to daily period Rate this Topic:
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MarkAB
Posted : Wednesday, April 2, 2014 3:39:00 PM
Gold Customer Gold Customer

Joined: 2/1/2005
Posts: 51

I am new to Platinum and confused about scanning/on a 3-15 minute basis.  Can I use the existing formulas of EOD and apply to scans if I put in proper time frame. 

ie:  Breaking out of a trading Range EOD

Formula starts as (MAXH20-MinL20)/ (MAxH20+MINL20) /  and so on, would the system set for Edit column (Platinum)  3 minutes understand that we are talking about 20 periods or 60 minutes. Or must I change the formula?

also

ie: For 3 UP bars in  row

 in  EOD for 3 days = C>1 and C1>C2 and C2>C3

The above is EOD, do I use the same for scanning 3 minutes for 3 up bars over a 9 minute period or

would I useMax open or close as MaxCn1>MaxCn2 and MaxCn2>MaxCNn3 to achieve the same result for 3 bars?

Thank you,  I have existing PCF that I would like to use to help me without reconfiguring for 3minute scans and charts.

 

 
Bruce_L
Posted : Thursday, April 3, 2014 9:38:27 AM


Worden Trainer

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

All formulas are in bars, not specific units of time. So you would use the same formula to check for price being up three days in a row in a daily time frame to check for three 3 minute bars in a row being up in a 3-minute time frame.

If the formula is being plotted on the chart, it will automtically change to adjust to the time frame of the chart. If the formula is being used as a Condition Formula or Indicator Formula, the time frame is set within that formula when creating or editing it by using the Time Frame drop-down menu.

You can also generally set the the time frame of a formula where it is being used. So you can change the time frame of a WatchList Column or EasyScan Condition directly without affecting the original formula.



-Bruce
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