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Registered User
Joined: 5/28/2012
Posts: 8
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I would like to write a formula, Day's Range >= ATR5
Please help!!!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Please try the following Condition Formula:
H - L >= (AVGH10 - AVGL10) / 2 + (ABS(H - C1) + ABS(C1 - L) + ABS(H1 - C2) + ABS(C2 - L1) + ABS(H2 - C3) + ABS(C3 - L2) + ABS(H3 - C4) + ABS(C4 - L3) + ABS(H4 - C5) + ABS(C5 - L4)) / 10
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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Registered User
Joined: 5/28/2012
Posts: 8
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Thank you that works good.
Is there any way this could be optimised so the current ATR5 Rage is marked on a 15/60 minute chart dynamically.
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Registered User
Joined: 5/28/2012
Posts: 12
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What will your ATR show you when you run your scan?
I'm curious.
-Mike
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Registered User
Joined: 5/28/2012
Posts: 8
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I day trade the FX Market. When I incert it in my watch list columns it marks the pairs that have equalled or exceeded the daily range of the ATR5.
I use a strategy where at the London close the currency pair retraces which is a higher probability if it has exceeded the Daily Range of the ATR5 and hit support or resistance.
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Registered User
Joined: 5/28/2012
Posts: 12
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Wow that's interesting.
Does it seem to work out, when using that scan, to pick out good pairs to trade?
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Registered User
Joined: 5/28/2012
Posts: 8
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Exactly, this is why I am testing and assessing TC 2000.
I want program my watch lists with conditions for my FX Strategies, to do all the donkey work. It should save me lots of time and eye ball power!!
Yes it does work perfectly I checked with my current charting package which has this study but more sophisticated. It marks the chart where the range is and what percentage it has moved on that perticular day as a percentage.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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QUOTE (Macboy) Is there any way this could be optimised so the current ATR5 Rage is marked on a 15/60 minute chart dynamically.
Average True Range is a numeric value which would normally plot well below price when placed on the same scale.
It would be possible to create a Custom PCF Indicator for a 5-Period True High and another Custom PCF Indicator for a 5-Period True Low and plot these in the same Pane and Scale as Price History however. The Custom PCF Indicator for the 5-Period True High could be created as:
- Period: 5
- Average Type: Simple
- Formula: (H + C1 + ABS(H - C1)) / 2
The Custom PCF Indicator for the 5-Period True Low would be the same with the exception of the Formula:
(L + C1 - ABS(L - C1)) / 2
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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