Registered User
Joined: 7/11/2009
Posts: 50
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Hi, I am by no means a math GURU or even very great at math. I'm not horrible it just doesn't come to me real easy. Anyway I have a PCF written by Technitrader and I am wondering if someone could explain to me what it is trying to disclose. Here is the formula .......BOP8.5 = BOP1.
Thanks for your help
Jon
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Your formula is checking for the 8-Period Simple Moving Average of Balance of Power from 5-bars ago being exactly equal to the current Balance of Power.
While it is a guess, I would suspect it will not be true particularly frequently unless the Balance of Power was exactly the same for the 8-bars in a row ending 5-bars ago (as could be the case if BOP was hitting its ceiling of 100 or its floor of -100).
PCF Formula Descriptions
Basic Info on BOP, TSV and MoneyStream
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 7/11/2009
Posts: 50
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Thank you Bruce,
THis PCF is labeled "BOP Quiet Accumulation". When Large Lots are accumulating stock. Your speculation falls right in line with this.
Merry Christmas!
Jon
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome. Merry Christmas!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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