Registered User Joined: 1/15/2011 Posts: 41
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Hello
Can you help how to write in a PCF the StochcasticRSI? I have tried SRSI but it doesn't work.
The same happened with WilliamR10
Thank you
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Neither are StochasticRSI or Williams %R are built into TC2000's Personal Criteria Formula Language.
Any formula for Stochastic RSI ends up being too long and slow to be practical or post in the forums.
Williams %R is just stochastics minus 100 however. So a 10-period Williams %R can be written as:
STOC10 - 100
Understanding Stochastics
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 1/15/2011 Posts: 41
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Thank you again
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Registered User Joined: 12/17/2004 Posts: 17
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QUOTE (Bruce_L)
Neither are StochasticRSI or Williams %R are built into TC2000's Personal Criteria Formula Language.
Any formula for Stochastic RSI ends up being too long and slow to be practical or post in the forums.
Williams %R is just stochastics minus 100 however. So a 10-period Williams %R can be written as:
STOC10 - 100
Understanding Stochastics
Bruce:
Thank you for all that you do for us. I would suggest that anyone wanting to use the Stochastics RSI in a Scan can do that by plotting their favorite SRSI (mine is SRSI 7,7,3,3) and then Create Scan Condition and then save it as an Indicator. Then one can use that Indicator in a Scan.
Steve R
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Clicking on an indicator and selecting Create Scan Condition is almost always a better option than creating a Condition Formula to do the same thing.
You should really only be using formulas when the condition you want to create isn't available when selecting Create Scan Condition, when using OR instead of AND, for plotting Custom PCF Indicators, for combining multiple conditions into a single WatchList Column, for creating complicated relationships like candlestick formulas, for "since" type indicators or conditions and for experimentation to just learn about creating PCFs.
There may be other reasons, but that is what comes to mind. Otherwise a condition created by clicking on the chart and selecting Create Scan Condition is almost always going to be easier to do with the resulting condition being faster and more efficient than a Condition Formula designed to do the same thing.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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