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Weekly Gap Rate this Topic:
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Posted : Saturday, March 15, 2008 10:27:07 AM
Registered User
Joined: 1/28/2008
Posts: 19
good morning
how would i create a formula to see a weekly gap on a weekly chart of more than 5%
I tried (O>C5) *1.05 but i did see any gaps on the upside
Posted : Sunday, March 16, 2008 4:24:33 PM
Registered User
Joined: 1/28/2005
Posts: 6,049
A gap occurs when the low is above the previous
bars high (gap up) or the high is below the previous
bars low. (gap down)
Posted : Monday, March 17, 2008 2:18:27 PM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138
Assuming you really want the Gap to represent the Open of the current week being up more than 5% compared to the Close of the previous week on TeleChart's Weekly Charts, please try the following Personal Criteria Formula:

O4 > C5 * 1.05

You may wish to review the following:

How to create a Personal Criteria Forumula (PCF)
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!

Personal Criteria Formulas
TC2000 Support Articles
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