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GREEN CANDLE SCAN Rate this Topic:
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dmalyga
Posted : Saturday, April 29, 2017 12:51:26 PM
Registered User
Joined: 11/9/2009
Posts: 36

Hi,

 

Can someone help me with a scan to look for green candles in different time frames  and a scan to find closing price of a candle 40% from the low on different time frames.

 

Thanks,

Bruce_L
Posted : Monday, May 1, 2017 10:13:08 AM


Worden Trainer

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

Thank you for writing. If Color Based On is set to Open vs Close, then a Condition Formula for a green candle can be written as follows.

C >= O

And a Condition Formula for a red candle can be written as:

C < O

If Color Based On is set to Net Change, thena Condition Formula for a green candle can be written as follows.

C >= C1

And a Condition Formula for a red candle can be written as follows.

C < C1

Note that you can set the time frame of the Condition Formula when it is created or edited. You can also change the time frame from this default when using a Condition Formula as a WatchList Column or EasyScan Condition by edit the WatchList Column or EasyScan Condition.

If a closing price being 40% from the low means exactly 40% of the candle from the low:

STOC1 = 40

If it means at or above this value:

STOC1 >= 40 AND H > L

If it means at or below this value.

STOC1 <= 40



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
dmalyga
Posted : Monday, May 1, 2017 11:17:20 AM
Registered User
Joined: 11/9/2009
Posts: 36

Hi Bruce,

 

Regarding this formula C >= O, is it possible it can add a condition that the previous candle has to be red?

Bruce_L
Posted : Monday, May 1, 2017 11:21:33 AM


Worden Trainer

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

Yes, please try the following Condition Formula.

C >= O AND C1 < O1



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
dmalyga
Posted : Monday, May 15, 2017 4:23:33 PM
Registered User
Joined: 11/9/2009
Posts: 36

How about the last condition  but for a green candle, i keep getting errors

Bruce_L
Posted : Monday, May 15, 2017 4:26:31 PM


Worden Trainer

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

Are you getting an error message or it just not returning the kind of pattern you want?

If you are getting an error message, what is it?



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
dmalyga
Posted : Monday, May 15, 2017 4:31:09 PM
Registered User
Joined: 11/9/2009
Posts: 36

Syntax error, I just re arranged the formula.

C < O AND C1>= C1

Bruce_L
Posted : Monday, May 15, 2017 4:38:43 PM


Worden Trainer

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

I don't know why that would generate a syntax error (but I think you want the last part to O1 instead of C1).

C < O AND C1 >= O1



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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