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Registered User
Joined: 4/6/2006
Posts: 5
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I have been using the given formula to create a shooting star candlestick PCF, however when I attempt to test it, it continues to give a false reading,what am I doing wrong?
This is the formula
ABS(C-O)<(H-L)*0.33 AND
(((C+O)/2) – L) < (H-((C+O)/2)) AND
O>C1
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Have you put the PCF in an EasyScan?
What stocks does it find?
When you test a Boolean PCF it will return one of three things:
1) Syntax Error (this means something is wrong in how it was written)
2) True (this means the stock you tested the PCF against returns a TRUE for the condition - it meets the conditions of the PCF)
3) False (this means the stock you tested the PCF against returns a FALSE for the condition - it does not meet the conditions of the PCF. IT DOES NOT MEAN that there is something wrong with the PCF... it only means that the particular symbol you are testing the PCF against does not meet the conditions set in the PCF)
FALSE is not bad.
- Craig
Here to Help!
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Registered User
Joined: 4/6/2006
Posts: 5
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A lot of the symbols returned are hammers and dogi's here are the top ten, are you getting the same results?
SIRI CERS BLL EP CX RS IDCC AMKR GM MDT
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I made a change to the formula.
Try this:
ABS(C-O)<(H-L)*0.33 AND
O>C1 AND ((C+O)/2)-L<(H-L)*0.4 AND H=MAXH10
- Craig
Here to Help!
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