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Registered User
Joined: 4/20/2010
Posts: 20
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Is there a scan that can be written to identify symbols that have printed an inside bar (candles) at the end of day , on a daily chart , and at end of week on a weekly chart?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The basic formula for an Inside Bar is pretty straightforward:
Boolean PCFs for Candlestick Patterns
L1 < L AND H < H1
In the TC2000.com version 11 beta, you can use this formula for both the Daily and Weekly versions. Just use the Time Frame drop-down menu in the Personal Criteria Formula when creating or editing the PCF.
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
In the current production release of TeleChart, you would need a different formula for a Weekly Inside Bar:
How to create a Personal Criteria Forumula (PCF)
MINL5.5 < MINL5 AND MAXH5 < MAXH5.5
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 4/20/2010
Posts: 20
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Bruce:
I need to know how to apply this formula and make it active please. I called tech support but she had no idea how to implement the formula. She told me I would have to ask you here in the forum. Maybe I'm wrong but, seems to me, that the people in tech support should know how to do this. Can you please tell me how to do this. All I want this formula to do is highlight or identify inside bars on a daily and weekly chart. Thanks.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You would use the formula given as the Boolean Formula in the Custom PCF % True Indicator you have added to the Chart. If the Period is set to 1, the Custom PCF % True Indicator will spike whenever the formula is True.
You could use use the formula as a Personal Criteria Formula. You could then use the PCF as a watchlist column or as an EasyScan Condition.
EasyScans and Column Sorting
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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