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Registered User
Joined: 10/12/2011
Posts: 8
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is it possible to get a formula for a stock that has broken out to a new high and has pulled back to touch the breakout point after 3-21 days?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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What is your particular specific unambiguous objective definition of the breakout point where it broke out to a new high?
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/12/2011
Posts: 8
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to buy on pullbacks. for example a cup and handle that has broken to new high ,or any stock at a new high that has extended past a buy point but has come back to a nice entry point.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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A cup and handle that has broken to a new high and a stock at a new high that has extended past a buy point are both subjective descriptions. You may know it when you see it, but a computer doesn't. Your defiinitions of "cup and handle", "broken to a new high", "extended past a buy point" and "nice entry point" probably aren't going to be the same as somebody else's definitions of the same terms. I certainly don't know what you mean by them in any objective sense.
The first step in identifying something using a computer is to objectively define what you are attempting to identify. What specifically makes it a breakout point?
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/12/2011
Posts: 8
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what do u think? do i need to be more detailed or have u done something like that before?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Yes, you need to be more detailed. You need to provide an objective definition of what you are attempting to identify. The trainers can't give setting, interpretation or investment advice. We can't come up with the definition for you.
Here are the types of questions you need to ask yourself. What makes it a breakout to a new high?
Was it trading in a range and then left this range? If so, how narrow and for how long? Do the highs and lows need to be within a certain percentage of each other for a certain number of bars?
Does the breakout need to be a certain percentage above the previous range? If so, by how much? Over how many bars can the breakout happen? Does it have to happen in a single bar?
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 6/7/2009
Posts: 142
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Bruce, you have the patience of Job.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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QUOTE (bbruin)
Bruce, you have the patience of Job.
Can you give an unambiguous definition of: “patience of Job” 
Thanks
diceman
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Registered User
Joined: 12/8/2007
Posts: 13
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How do I plot a true/false boolean indicator formula onto a chart in TC2000 vs 12? It only allows to plot indicators on the chart. When trying to plot a condition formula you can only plot it onto a scan/watchlist, but not onto a chart.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Add a Custom PCF % True Indicator to the chart and use your Condition Formula there.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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