Registered User Joined: 7/14/2014 Posts: 13
|
In his book, the Hedge Fund Edge, Mark Boucher mentions a Volume Accumulation indicator. It is calculated as the % of each day's close is above or below the midpoint of that day's range times the day's volume, summed to a cumulative total. Has anyone created a PCF for this in TC2000? If not, what would the formula be?
|
Worden Trainer
Joined: 10/7/2004 Posts: 65,138
|
You would need to add a Custom PCF Cumulative Indicator to the chart.
How to add an indicator to a chart template
How to edit an Indicator
Dealing with OBV & MS in PCF's - how to interp their "values"
You will want to use the following settings.
- Period: 1
- Average Type: Doesn't matter (because the Period is 1).
- Up Condition: C > C - 1
- Down Condition: C < C - 1
- Value to Add/Subtract: (STOC1 - 50) * V / 50
-Bruce Personal Criteria Formulas TC2000 Support Articles
|
Registered User Joined: 7/14/2014 Posts: 13
|
Thanks, Bruce. I will try that.
|
Registered User Joined: 7/14/2014 Posts: 13
|
It worked! Much appreciated!
|
Worden Trainer
Joined: 10/7/2004 Posts: 65,138
|
You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
|