Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Buyers at the 200 Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
kaveh
Posted : Wednesday, May 31, 2006 3:16:17 PM
Registered User
Joined: 10/2/2005
Posts: 30
Hi,

How would you code for stock on the 200SMA with a long lower shadow?

Thanks,
Kaveh
Bruce_L
Posted : Wednesday, May 31, 2006 3:31:28 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
I'm not a candlestick expert by any means, but I'll give it a try.

QUOTE (kaveh)
... on the 200SMA ...

I'm going to interpret this as 200-Period Simple Moving Average of the Closing Price intersecting the Candle Body:

(O >= AVGC200 AND AVGC200 >= C) OR (C >= AVGC200 AND AVGC200 >= O)

QUOTE (kaveh)
... long lower shadow ...

I'm going to interpret this as the Lower Shadow being at least twice the size of the Body:

(O + C - ABS(O - C)) / 2 - L >= 2 * ABS(O - C)

You can combine these conditions to get the following:

((O >= AVGC200 AND AVGC200 >= C) OR (C >= AVGC200 AND AVGC200 >= O)) AND (O + C - ABS(O - C)) / 2 - L >= 2 * ABS(O - C)

If this does not meet your needs we can alter it as appropriate. For example, we could make it less restrictive by checking for the 200-Period Simple Moving Average to intersect the entire candle instead of just the body:

H >= AVGC200 AND AVGC200 >= L AND (O + C - ABS(O - C)) / 2 - L >= 2 * ABS(O - C)

You may wish to review the following:

How to create a Personal Criteria Forumula (PCF)
Handy PCF example formulas to help you learn the syntax of PCFs!
Boolean PCFs for Candlestick Patterns
PCFs and EasyScans for Candlestick Patterns

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
kaveh
Posted : Wednesday, May 31, 2006 4:06:07 PM
Registered User
Joined: 10/2/2005
Posts: 30
Looks promising. Thanks.
Bruce_L
Posted : Wednesday, May 31, 2006 4:09:35 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
You're welcome. Just let us know if other conditions would meet your needs better and we'll do what we can.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.