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Registered User
Joined: 5/1/2009
Posts: 10
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BB width less than 6 per cent of current value of 20 day moving average.
Volume more than 250,000.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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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!
The formula would depend on the Period and Width of the Bollinger Bands. Assuming the Period of the Bollinger Band is the same we would still need to know the Width setting. For example if the Width was 20, the formula would be:
400 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 - 20 * AVGC20 ^ 2) / 19) / AVGC20 <= 6 AND V > 2500
While if the Width was 10, the formula would be:
200 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 - 20 * AVGC20 ^ 2) / 19) / AVGC20 <= 6 AND V > 2500
You may wish to review the following:
How to create a Personal Criteria Forumula (PCF)
Modelling Bollinger Bands (& Standard Deviation) in a TC PCF
PCF Formula Descriptions
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 5/1/2009
Posts: 10
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QUOTE (Kent Z) BB width less than 6 per cent of current value of 20 day moving average.
Volume more than 250,000.
What is the formula for this? Thanks.
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Registered User
Joined: 5/1/2009
Posts: 10
|
QUOTE (Bruce_L) 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!
The formula would depend on the Period and Width of the Bollinger Bands. Assuming the Period of the Bollinger Band is the same we would still need to know the Width setting. For example if the Width was 20, the formula would be:
400 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 - 20 * AVGC20 ^ 2) / 19) / AVGC20 <= 6 AND V > 2500
While if the Width was 10, the formula would be:
200 * SQR(ABS(C ^ 2 + C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 - 20 * AVGC20 ^ 2) / 19) / AVGC20 <= 6 AND V > 2500
You may wish to review the following:
How to create a Personal Criteria Forumula (PCF)
Modelling Bollinger Bands (& Standard Deviation) in a TC PCF
PCF Formula Descriptions
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Registered User
Joined: 5/1/2009
Posts: 10
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Thanks Bruce. The BB width is 2 std dev from the 20 day moving average.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Then the first formula provided should be the formula of interest (BB 20,20).
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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