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markd85
Posted : Monday, August 10, 2009 9:58:35 AM
Registered User
Joined: 5/31/2006
Posts: 47
 Hello
I would like to have a %true indicator that shows a weekly inside bar on a daily chart. That is where the last 5 periods high low range is <= the 5 periods before that. Thanks alot.
Mark
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Bruce_L
Posted : Monday, August 10, 2009 10:05:37 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 If you want the current Weekly Range to be less than the previous Weekly Range, lease try using the following as the Boolean Formula in the Daily Custom Percent True Indicator:

MAXH5 - MINL5 <= MAXH5.5 - MINL5.5

My understanding of an Inside Bar is that the current Bar must be completely contained within the previous Bar however (that said, I'm not a candlestick guy, so take this with a grain of salt):

MINL5.5 <= MINL5 AND MAXH5 <= MAXH5.5

You may wish to review the following:

Visually Backtesting Specific Symbols
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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markd85
Posted : Monday, August 10, 2009 10:19:40 AM
Registered User
Joined: 5/31/2006
Posts: 47
 Thanks Bruce.
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Bruce_L
Posted : Monday, August 10, 2009 10:25:07 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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