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Registered User
Joined: 3/21/2005
Posts: 7
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I picked up a book by Jake Bernstein the other day. In it, he talks about constructing channels. Instead of using the closing prices to construct channels, he uses the daily highs and lows as channel parameters. Can I do this with TC software? If so, how?
Hank
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Sure... are you looking to do moving averages of the highs and lows? How do you want to calculate the channels?
- Craig
Here to Help!
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Registered User
Joined: 7/16/2007
Posts: 5
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could somebody help by telling me how i can set up a scan to search for stocks trading in a channeling fashion?
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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daraj,
Have you checked out this video yet?
Scan for stocks bouncing in a lateral channel
- Craig
Here to Help!
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Registered User
Joined: 3/21/2005
Posts: 7
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Yes, I would like to duplicate Bernstein's technique. He uses a 10-day period for the moving average of the highs and an 8-day period for the moving average of the lows. In other words, how do you do it?
Hank
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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hfowler,
Please try the following:
Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: 10
- Average Type: Up to you.
- Indicator Formula: H
Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Checked
- Smoothing Average: 8
- Average Type: Up to you.
- Indicator Formula: L
You may wish to review the following:
Plotting Custom Indicators with Examples
Handy PCF example formulas to help you learn the syntax of PCFs!
PCF Formula Descriptions
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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