Registered User
Joined: 9/23/2006
Posts: 5
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Is there any way to test the width of price channel? I'm trying to set up a scan that includes width of price channel as one of the crtieria. Thanks.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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TeleChart has Bollinger Bands, Linear Regression Channels, Envelope Channels and Custom Price Channels. It is possible to create Personal Criteria Formulas to duplicate most of these.
Bollinger Band information can be found here:
Modelling Bollinger Bands (& Standard Deviation) in a TC PCF
Linear Regression information can be found here:
Linear regression channel calculations
Using Linear Regression vs Classical Peaks/Valleys for Divergence Analysis
I do not know of a method to duplicate Envelope Channels using PCFs.
The formula for Custom Price Channels is a multiple of the Channel Width Formuala based on the Width Setting as long as the Smoothing Average is set to 1. If the Smoothing Average is not 1, it will be based on a Moving Average of the Channel Width Formula. The practicality of writing a PCF will depend on the Channel Width Formula, Smoothing Average and Average Type.
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!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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