Registered User Joined: 10/4/2011 Posts: 5
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What I am looking to find is a red candle above the upper BB and the close is below the open. any ideas please?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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What are your Bollinger Band settings?
When you click on Price History, is Color Based On set to Net Change or Open vs Close?
Does the entire candle need to be above the Upper Bollinger Band or just part of the candle (and if just part of the candle, any parts in particular)?
Modelling Bollinger Bands (& Standard Deviation) in a TC PCF
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/4/2011 Posts: 5
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Bruce
My BB settings are Period 20 and a stand dev of 2. I was looking for part of the candle to be above the BB. I;m trying to find overxtended stocks that are piercing the upper bb and close red.
Thanks
Steve
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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If Price History has Color Based On set to Net Change:
C < C1 AND C < O AND H > AVGC20 + 2 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 - 20 * AVGC20 ^ 2) / 20)
If Price History has Color Based On set to Open vs Close, you can leave off the C < C1 at the beginning of the formula:
C < O AND H > AVGC20 + 2 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 - 20 * AVGC20 ^ 2) / 20)
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce Personal Criteria Formulas TC2000 Support Articles
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