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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » pcf = Volume ave one million for 20 days

pcf = Volume ave one million for 20 days

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Cainmtrading

Posted : Friday, December 23, 2011 12:44:49 PM

Registered User
Joined: 2/28/2005
Posts: 30

In TC2000 v12. Would below be the pcf formula for volume ave over 1 million for 20 days? Thx.

(AVGC20*AVGV20)>=10000

Bruce_L

Posted : Saturday, December 24, 2011 7:59:25 AM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Multiplying the averages of price and volume does not give the same result as multiplying price and volume and taking the average (although it can be close). You would want something more like the following instead:

(C * V + C1 * V1 + C2 * V2 + C3 * V3 + C4 * V4 + C5 * V5 + C6 * V6 + C7 * V7 + C8 * V8 + C9 * V9 + C10 * V10 + C11 * V11 + C12 * V12 + C13 * V13 + C14 * V14 + C15 * V15 + C16 * V16 + C17 * V17 + C18 * V18 + C19 * V19) / 20 > 1000000

Note that in TC2000 version 12, volume is reported in actual shares, so we do not get rid of two zeros in the formulas would need to be done in TC2000 version 7 (where volume is reported in blocks of 100 shares).

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-Bruce
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