 Gold Customer
Joined: 1/24/2005
Posts: 97
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Can someone point me to a 1 day hammer PCF in this section ? I'm sure I can write but why re-invent the wheel-any help would be appreciated. Thanks
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Administration
Joined: 9/30/2004
Posts: 9,187
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Try this topic: Boolean PCFs for Candlestick Patterns
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Gold Customer
Joined: 1/24/2005
Posts: 97
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Thanks-that was helpful-I appreciate it Stockguy
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Registered User
Joined: 6/17/2005
Posts: 63
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google candlestick, PCFs
there are tons of formulas out on the web :)
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Registered User
Joined: 1/14/2009
Posts: 1
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I tried to make a PCF for finding hammer patterns using two separate formulas, one from the Boolean PCFs for Candlestick Patterns link provided earlier in this e-mail chain and one from a google search. The formulas were:
1. ((((C<O)*C)+ ((C>O)*O))*(-1))-L>=(H-L)*0.75 AND (H-L)>(AVGH21-AVGL21)
and
2. (((H-L)>3*(O-C))AND((C-L)/(.001+H-L)>0.6)AND((O-L)/(.001+H-L)>0.6))
I cut and pasted each formula separately into the formula area for creating a PCF. When I tested each I received an Error in Syntax Forumla message.
Any suggestions about what I'm doing wrong?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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robmat23,
Welcome to the forums. A very good foundation for learning how to use TeleChart can be gained by reviewing the following:
If you are new to TeleChart READ THIS FIRST!
Neither of the formulas produce any error messages when I test or update them in TeleChart. I know you said you pasted them separately, but are you attempting to combine them in some way? Is there something besides the formula in the Editing Formula window when you test them?
How to create a Personal Criteria Forumula (PCF)
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/28/2005
Posts: 125
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robmat23
((((C<O)*C)+ ((C>O)*O))*(-1))-L>=(H-L)*0.75
This part of the PCF finds the Japanese CandleStick Hanging Man
. a ‘special case’ of the Dragonfly Doji
AND (H-L)>(AVGH21-AVGL21)
This part is a Western attempt at a Wide Range Bar –
the most current bar’s range is greater than the 21-day average range.
Japanese CandleStick Pattern: Paper Umbrella
Bottom Reversal patterns (found at the end of a STRONG downtrend)
Hammer
(((H-L)>3*(O-C) AND
((C-L)/(.0001+H-L)>0.6) AND
((O-L)/(.001+H-L)>0.6)))
Hanging Man
(((H-L)>4*(O-C)) AND
((C-L)/(.0001+H-L)>=0.75) AND
((O-L)/(.0001+H-L)>=.075)))
Top Reversal patterns (found at the end of a STRONG uptrend)
Hanging Man PCF
(((H - L) > 4 * (O - C)) AND
((C - L) / (.001 + H - L) >= 0.75) AND
((O - L) / (.001 + H - L) >= .075)))
Shooting Star PCF
(((H - L) > 4 * (O - C)) AND
((H - C) / (.001 + H - L) >= 0.75) AND
((H - O) / (.001 + H - L) >= 0.75)))
ejr39
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Registered User
Joined: 1/28/2005
Posts: 125
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FYI,
FREE at (external link removed by moderator)
Candlestick Charting Explained.pdf
by Gregory L. Morris
Trade well and prosper
ejr39
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