Registered User Joined: 3/28/2019 Posts: 2
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Hi everyone,
is there any way of highlighting (different color, signal, etc) all the candlesticks where the price moved more than X% or dropped more than y%?
This is feature is/would be quite useful to easy your work when you are stalking 1 minute charts during several hours.
Thanks everyone
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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The easiest thing would be to add a Custom PCF % True Indicator to the chart. It will spike whenever its Boolean Formula is true.
So if you mean a percent change greater than say 5% between the close of each bar:
100 * ABS(C / C1 - 1) > 5
If you mean the true range is greater than say 5% (using the previosu close as the basis of the percentage).
100 * ATR1 / C1 > 5
If you mean the extreme of range from the previous close is greater than 5%:
100 * GREATEST(ABS(H / C1 - 1), ABS(L / C1 - 1)) > 5
There are lots of other possibilties as to what you might want to use in the Boolean Formula setting of the Custom PCF % True Indicator.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 3/28/2019 Posts: 2
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Bruce,
thank you very much for your prompt answer. I will try to implement your suggestions.
If any doubt pops up, I will come back to you again.
Meanwhile, I wish you a good working day.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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