Registered User Joined: 8/27/2014 Posts: 22
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I have the formula below to find stocks that are running down vertically over 4 to 5 days. However, it's not picking up any stocks today just one. Look at Libbey corp ( lby) that's a vertical run down that did not show up. I am trying to create a formula for stocks down each day over 5 to 6 or more days where the price bar does not overlap much Also can you help ad a second formula for stocks that meet this condition and are down 5 to 10% over the 5 to 6 day period
C < O AND C < C1 AND 3 * H + L <= 4 * L1 AND C1 < O1 AND C1 < C2 AND 3 * H1 + L1 <= 4 * L2 AND C2 < O2 AND C2 < C3 AND 3 * H2 + L2 <= 4 * L3 AND C3 < O3 AND C3 < C4 AND 3 * H3 + L2 <= 4 * L4
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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The request in the Bulkowski vertical run down topic required "little vertical overlap". Yes, there is a big rundown, but there is quite a bit of vertical overlap between bars.
The version you have given from the referenced topic allows up to 25% of the bar to overlap. If we relax this to 50% (even though half the bar would hardly seem to qualify as little vertical overlap) we get the following.
C < O AND C < C1 AND H + L <= 2 * L1 AND C1 < O1 AND C1 < C2 AND H1 + L1 <= 2 * L2 AND C2 < O2 AND C2 < C3 AND H2 + L2 <= 2 * L3 AND C3 < O3 AND C3 < C4 AND H3 + L2 <= 2 * L4
-Bruce Personal Criteria Formulas TC2000 Support Articles
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