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Request for help with come candlestick PCF's Rate this Topic:
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pacific
Posted : Tuesday, November 14, 2006 4:23:15 PM
Gold Customer Gold Customer

Joined: 3/22/2005
Posts: 17
 I am trying to develope some candlestick scans and RANGE is something I am unfamiliar with. I have 3 requests that once I understand, I can develope some scans. I am defining the body of the candle as the value from the Low to the High (same value would be from the High to the low...since it is the distance between those 2 prices that is important to me)

1. Range of the Open to the Close of Today is <= the Range of the Open to the Close of Yesterday.

2. Range of the body of todays candle (Open to the Close of Today) is <= 25% of the range of the entire candle (High to the Low of today).

3. Range of the body of today's candle (Open to the Close of Today) is in the lower .30% of the entire range of the day (L to the H... H to the L)

Thanks so much for any assistance that can be offered.
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Craig_S
Posted : Tuesday, November 14, 2006 4:32:59 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
 I have all the candlestick PCFs here for you: Boolean PCFs for Candlestick Patterns

Range of the Open to the Close of Today is <= the Range of the Open to the Close of Yesterday

ABS(C-O)>ABS(C1-O1)

Range of the body of todays candle (Open to the Close of Today) is <= 25% of the range of the entire candle (High to the Low of today).

ABS(C-O)<=(H-L)*0.25

Range of the body of today's candle (Open to the Close of Today) is in the lower .30% of the entire range of the day (L to the H... H to the L)

Do you mean the highest part of today's body is at or below 30% of todays H to L range?
- Craig
Here to Help!
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pacific
Posted : Tuesday, November 14, 2006 8:17:10 PM
Gold Customer Gold Customer

Joined: 3/22/2005
Posts: 17
 Yes Craig...that is what I meant. Thanks
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Craig_S
Posted : Wednesday, November 15, 2006 9:18:26 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
 Don't forget to check the link I gave, no reason to create PCFs if I've already have them for you.


Range of the body of today's candle (Open to the Close of Today) is in the lower .30% of the entire range of the day (L to the H... H to the L)

(ABS(C>O)*C)+(ABS(C<=O)*O)-L<(H-L)*0.30
- Craig
Here to Help!
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