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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Donchian Break-out

Donchian Break-out Rate this Topic:
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1rstEasytrader
Posted : Monday, January 25, 2010 2:32:57 PM
Registered User
Joined: 10/14/2007
Posts: 2
 I want to make a break-out pcf that is only valid for 5 days from the first signal,
C > MAXC21.1, this is a donchian breakout, however, in a trending market this will be true every day, how do I filter it out so it only remains true for the first five days from the initial signal.

Thanks
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Bruce_L
Posted : Tuesday, January 26, 2010 9:42:37 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 Welcome to the forums. A very good foundation for learning how to use TeleChart can be gained by reviewing the following:

If you are new to TeleChart READ THIS FIRST!

Please try the following:

C > MAXC21.1 AND (C1 <= MAXC21.1 OR C2 <= MAXC21.2 OR C3 <= MAXC21.3 OR C4 <= MAXC21.4 OR C5 <= MAXC21.5)

On another note, most Donchian Channel requests I get seem to calculate the Donchian Channels using the High and Low instead of the Close. You may wish to review the following:

How to create a Personal Criteria Forumula (PCF)
PCF Formula Descriptions
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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