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Registered User Joined: 4/8/2010 Posts: 7
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Something like this:
If consecutive bars (irregardless of time frame) are up (close higher than open) then combine into one bar along with adding up volume into one bar. This keeps going until a down bar or other parameter is met. So if there are 10 bars up in a row all of them will be combined into one bar starting with the open/low of the first bar to the close/high of the last bar - all now one bar. No other data in the inbetween bars is needed to plot, as that doesn't matter.
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Registered User Joined: 4/8/2010 Posts: 7
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Keep in mind I don't have a subscription so just trying to find out if it's possible first. No need to go into any coding detail.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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The simple answer is yes, it is possible to combine bars based on a variety of requirements in StockFinder. You would essentially be creating a custom time frame for the indicator.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 4/8/2010 Posts: 7
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One other question. Can Stockfinder (automatically) create a chart with bars consisting of:
first 30 min, last 30 min, first 30 min, last 30 min etc...
So all price action between the first 30min and last 30m of the day would be removed.
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Registered User Joined: 4/8/2010 Posts: 7
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Or - a chart that only shows the first 30m of each day. Or really any intraday time frame I specify.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Yes, it is possible to create charts that combine any time span into single bars. It is also possible to create charts which only plot bars for certain times of day.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 4/8/2010 Posts: 7
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Thanks for the responses Bruce. I'm trying to decide between SF and TC2000. Would TC2000 also be able to do any of the above?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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No, you cannot create similar custom time frames or custom bars in TC2000.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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