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PCF indicator for 3 bars up and down Rate this Topic:
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kevinvoisin
Posted : Tuesday, December 11, 2012 1:02:02 PM
Registered User
Joined: 10/26/2009
Posts: 24

I would like to create an indicator, the closing 3 bars in a row are higher than the last and also the reverse of that, so 3 bars are up in a row and also a 2nd indicator with 3 bars are down in a row. And then it would have to give me some sort of indication for each??

Bruce_L
Posted : Tuesday, December 11, 2012 1:05:05 PM


Worden Trainer

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

You could use the following Condition Formula as the Boolean Formula in a Custom PCF % True Indicator to check for three bars in a row that each closed higher than the previous bar:

C > C1 AND C1 > C2 AND C2 > C3

You could use the following Condition Formula as the Boolean Formula in a Custom PCF % True Indicator to check for three bars in a row that each closed lower than the previous bar:

C < C1 AND C1 < C2 AND C2 < C3

PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!



-Bruce
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kevinvoisin
Posted : Tuesday, December 11, 2012 1:17:19 PM
Registered User
Joined: 10/26/2009
Posts: 24

Thanks, that works just fine

Bruce_L
Posted : Tuesday, December 11, 2012 1:22:28 PM


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

You're welcome.



-Bruce
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