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Registered User
Joined: 7/23/2005
Posts: 8
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Hi Mr. Trainer, back again and I would much appreciate it if you could change this PCF formula into a custom indicator formula. Here it is...
(c>c5 and c>o5) and (c> c15 and c>o15) and (c>c30 and c>o30) and (c>c390 and c>o390) and (c>1950 and c>o1950) and (c>c60) or (C < C5 AND C < O5) AND (C < C15 AND C < O15) AND (C < C30 AND C < O30) AND (C < C390 AND C < O390) AND (C < 1950 AND C < O1950) AND (C < C60)
By the way, concerning the above formula, before the word or is for up days, and after the or is for down days. Thanks for the help!!
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Registered User
Joined: 1/5/2007
Posts: 21
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mazetrade,
Here's how I'd do it. Right click on the are you want to the indicator and select Add Indicator -> Custom -> Percent True and copy and paste the PCF above into the "boolean formula" area of the popup. That's it!
This indicator will show you a True/False indicator. A custom 'indicator' can be created with a formula that returns more than a true or false signal, but your formula doesn't. Hope this helps!
dnhoward
fyi. For curiousity I created a % true indicator as described above and it didn't show me not even one True signal from anything stock in the All Stocks universe.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Make sure all the opens are opens and not zeros.
Thanks
diceman
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Registered User
Joined: 1/1/2005
Posts: 2,645
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QUOTE (mazetrade) (c>c5 and c>o5) and (c> c15 and c>o15) and (c>c30 and c>o30) and (c>c390 and c>o390) and (c>1950 and c>o1950) and (c>c60) or (C < C5 AND C < O5) AND (C < C15 AND C < O15) AND (C < C30 AND C < O30) AND (C < C390 AND C < O390) AND (C < 1950 AND C < O1950) AND (C < C60)
mazetrade,
Your PCF will never return True.
You probably intended something like:
((c>c5 and c>o5) and (c> c15 and c>o15) and (c>c30 and c>o30) and (c>c390 and c>o390) and (c>c1950 and c>o1950) and (c>c60)) or ((C < C5 AND C < O5) AND (C < C15 AND C < O15) AND (C < C30 AND C < O30) AND (C < C390 AND C < O390) AND (C < C1950 AND C < O1950) AND (C < C60))
The major problem is that ORs are executed before ANDs. This is a property peculiar to TeleChart.
The PCF requires about 7.8 years of data to even calculate. Thus, about 42% of the All Stocks WatchList will be rejected today simply because there is insuficient data no matter what the "trend".
I don't know why you chose the particular bars for comparison nor why C is compared to C60 but not to O60.
Thanks,
Jim Murphy
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