Registered User Joined: 7/19/2010 Posts: 25
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Hi
I need formula for condition
Chaklim money flow (period 2. timeframe 30) - current must be greater 2 bar back
For instance: chaklin money at 11 am greaer chaclin money at 10 am
Thanks
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Worden Trainer
Joined: 4/26/2007 Posts: 508
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You won't need a formula for this, focentis.
Follow these steps, and you'll be able to scan for this type of behavior: (If you need clarification on any step, please ask)
1. Plot Chaikin Money Flow on your chart. Click the name of the indictor and choose Edit to assign it a 30 bar period.
2. Click the name of the indicator and choose Create Scan Condition
3. Within the behavioral drop-down, use these settings.
Condition: Moving Up Net
Period: 1
Net Change >: 0
Time Frame: Hourly
4. Click "Scan in new window"
That should get you a list of all of the symbols with charts whose Chaikin Money Flow has moved up at all over the last hour.
Hope that helps.
Best,
Julia
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Add the indicator to your chart and adjust its settings as desired. Click on the indicator and select Create Scan Condition. You will want to create a Condition for Moving Up Net with the Period set to 2 and the Net Change set to 0.
Create Conditions from Your Chart
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 7/19/2010 Posts: 25
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Bruce
I need a formula, because i wnat check after work (5pm). What you gave me i can check it only at current tiime
In other word i need formula to check if current chaklin > chaclin 2 bar back.
For instance - now 14 pm. I want to check if chaklin money flow at 11 am was greater chaclin at 10 am.
I am using chalin (period 2, timeframe 30 min)
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You do not need a formula and you are far better off not using a formula for this if at all possible.
You can add a 1-Period Simple Moving Average with the Offset set to the number of bars ago you want to check if you want to create a WatchList Column or EasyScan Condition based on a certain number of bars ago instead of the current value. Just click on the moving average instead of the indicator itself to create your Condition.
An Indicator Formula for a 2-Period Chaikin Money Flow indicator can be written as:
((2 * C - L - H) / (H - L + .00001) * V + (2 * C1 - L1 - H1) / (H1 - L1 + .00001) * V1) / (AVGV2 * 2 + .00001)
A Condition Formula for a 2-Period Chaikin Money Flow indicator being greater than 2-bars ago can be written as:
((2 * C - L - H) / (H - L + .00001) * V + (2 * C1 - L1 - H1) / (H1 - L1 + .00001) * V1) / (AVGV2 * 2 + .00001) > ((2 * C2 - L2 - H2) / (H2 - L2 + .00001) * V2 + (2 * C3 - L3 - H3) / (H3 - L3 + .00001) * V3) / (AVGV2.2 * 2 + .00001)
Chaikin Money Flow
Chaikin Money Flow Indicator
-Bruce Personal Criteria Formulas TC2000 Support Articles
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