Registered User
Joined: 8/25/2006
Posts: 12
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Hi,
I need to find out wide range candle accompanied by huge volume spike. Is there any pcf for to accomplish this that I can modify for my usage.
Thanks,
Siya
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I'm not a candlestick expert by any stretch of the imagination. I don't know if a Wide Range Candle means a Large Body compared to the total Range for the day. Say greater than 80%:
ABS(O - C) > .8 * (H - L)
Or if it means the total Range for the day is large compared to the average Daily Range. Say more than twice as large as the 90-Period Simple Moving Average of Range:
H - L > 2 * (AVGH90 - AVGL90)
I also can't define what constitutes a huge volume spike.
Volume is three times the 50-Period Simple Moving Average of Volume would be:
V > 2 * AVGV50
Volume is ten times the 30-Period Exponential Moving Average of Volume would be:
V > 10 * XAVGV30
You may wish to review the following:
How to create a Personal Criteria Forumula (PCF)
Boolean PCFs for Candlestick Patterns
Handy PCF example formulas to help you learn the syntax of PCFs!
PCFs and EasyScans for Candlestick Patterns
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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