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dipanpatel1984
 Posted : Thursday, October 25, 2018 1:49:19 PM
Gold Customer

Joined: 3/8/2018
Posts: 30

I am trying to understand the difference.

c-o >= .90

o-c >=.90

what does it mean if i scan this @ following time durations

premarket hours

regular market hours

post market

Thanks

Dipan

Bruce_L
 Posted : Thursday, October 25, 2018 2:08:37 PM

Worden Trainer

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

`C - O >= .9` requires the close of the bar to be at least \$0.90 above the open of the bar.

`O - C >= .9` requires the close of the bar to be at least \$0.90 below the open of the bar.

If you don't care if the close is above or below the open, just that it is at least \$0.90 away, you could use the following instead.

`ABS(O - C) >= .9`

With that in mind, it is not possible to scan based on the pre and post market data.

So, during pre and post market hours, `O` is the open of the most recently closed bar and `C` is the close of the most recently closed bar.

During market hours `O` is the open of the currently open bar and `C` is the current price.

-Bruce
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dipanpatel1984
 Posted : Thursday, October 25, 2018 2:59:27 PM
Gold Customer

Joined: 3/8/2018
Posts: 30

Thanks Bruce.

I am aware that we can not scan based on pre and post market data.

what i am really trying to understand is when i run the scan lets say

Thursday 5AM , 1PM , 5 PM

and Friday 5AM, 1PM

and the PCF timeframe is daily.

which O and C does the formula refere to. (interms of day/date)

Thanks

StockGuy
 Posted : Thursday, October 25, 2018 3:02:22 PM

Joined: 9/30/2004
Posts: 9,187

Thursday at 5am it uses Wednesday's O and C

Thursday at 1pm and 5pm it uses Thursday's O and C

Friday at 5am uses Thursday's O and C

Friday at 1pm uses Friday's O and C

dipanpatel1984
 Posted : Thursday, October 25, 2018 3:46:35 PM
Gold Customer

Joined: 3/8/2018
Posts: 30

QUOTE (StockGuy)

Thursday at 5am it uses Wednesday's O and C

Thursday at 1pm and 5pm it uses Thursday's O and C

Friday at 5am uses Thursday's O and C

Friday at 1pm uses Friday's O and C

Perfect, This is what i wanted to confirm.

-Dipan

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