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Registered User
Joined: 12/10/2004
Posts: 14
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MINL2 used as a trailing stop for rapidly advancing stocks. Useing tabs, would like scan a watchlist for all stocks that close below MINL2.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The Close can't be below the Low of the current Bar, so I'm going to assume you mean MINL2.1 instead of MINL2. If so, you could create the following Personal Criteria Formula and use it as a Sort or WatchList Column.
C < MINL2.1
How to create a Personal Criteria Forumula (PCF)
Create your own stock rankings using WatchLists and Sort conditions
Customize the Information Displayed in the WatchList
Using EasyScan to find stocks that meet your own criteria
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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Registered User
Joined: 3/3/2013
Posts: 57
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Bruce,
I like this formula (C < MINL2.1) but wanted to either add to or substitute. Here's what I'm thinking: when I enter a play and the play goes the right direction & starts gaining, I don't want to give up gained ground, at least no more than 1.5%. How does that PCF look like? C >= 1.015 * (MINL2.1)???
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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C >= 1.015 * MINL2.1 checks for the current price to be at least 1.5% above the lowest low of the previous two bars.
While I am not entirely sure what you are describing when you say, "...when I enter a play and the play goes the right direction & starts gaining, I don't want to give up gained ground, at least no more than 1.5%.", having price be at least 1.5% above the lowest low of the previous two bars doesn't seem right.
It seems like you would either want to check for price being at least 1.5% above the current low:
C >= 1.015 * L
Or check for price being at least 1.5% below the current high:
C <= .985 * H
But those are only guesses.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/3/2013
Posts: 57
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Thanks Bruce,
These seem to be my work in progress as trailing stops guides.
C < MINC3.1 or C < MINL2.1
or another work in progess is C < 1.0015 * (MINC4.1)
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Registered User
Joined: 3/3/2013
Posts: 57
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Hi Bruce,
While I've been using the following as trailing stops (guides) for up plays:
C >= MINL2.1
OR C > (MINC3.1)
OR C > (2 * L1 - H1 + 2 * C1) / 3 (=S1)
and these trailing stops (guides) for down plays:
C <= MAXH2.1
OR C <= MAXC3.1
OR C < (2 * H1 - L1 + 2 * C1) / 3 (=R1)
I wanted to use an alert just before my stop to notify me that there's trouble.
For up-plays, I wanted to use a figure in-between Pivot & S1.
For down-plays, I wanted to use a figure in-between Pivot & R1.
Any help would be greatly appreciated!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The midpoint between S1 and PP is:
(L1 + C1) / 2
The midpoint between R1 and PP is:
(H1 + C1) / 2
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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