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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 12/18 » Wedging

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Jpetesmith
Posted : Sunday, May 17, 2015 8:59:16 PM
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Joined: 5/9/2010
Posts: 144

I am trying to find stocks that are have higher closes two weeks in a row. I want to see the low of price reach into the bottom 25% of the prior week's bar range. IF,it goes below. It doesn't count.

C>C1 and C1>C2 and L<=(H1+L1)*.25 And L>L1

I put this on a Custom  PCF % True Indicator. It didn't work.
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busterram
Posted : Sunday, May 17, 2015 9:58:01 PM
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Joined: 10/9/2011
Posts: 485

I think your formular for "bottom 25% of the prior week's bar range" needs a correction......

L > l1 and L < L1 + (h1-l1) *0.25

 

So updating that the final formula would be

C>C1 and C1>C2 and L > l1 and L < L1 + (h1-l1) *0.25

Hope that helps.

 
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Jpetesmith
Posted : Monday, May 18, 2015 2:08:00 AM
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Joined: 5/9/2010
Posts: 144

Thank you!
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