Registered User Joined: 10/3/2005 Posts: 4
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For the Maximum Adverse Excursion (or Maximum Move Down), how would I write a PCF to give the largest price move down for any 20 trading day period over the last 200 trading days?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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TeleChart's MAX() function can't take formulas as an argument. This means the MAX() function itself would need to be reproduced in TeleChart's Personal Criteria Formula Language. The practical limit for the technique I use is 32 days. Unless somebody has a better technique for determining Maximum Values using PCFs, I don't see a 200 period version of the requested formula being practical in TeleChart.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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