| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 6/30/2010
Posts: 33
|
I am looking for a way to screen for stocks with price action moving over the upper bb on a daily chart and how to adjust for different timeframes. Stockfinder made this really easy. TC2000v11 is the version i am using.
Thank you
Mark
|
|
Administration
Joined: 9/30/2004
Posts: 9,187
|
You can't create scan conditions directly from the chart yet in TC2000. But you can create a sort condition by clicking on Price History, then Add Column and set the column Based On to Price "crossing up channel top" of the Bollinger Bands. This will add a column that will light up when the condition is True and you can use it to sort the list.
To create a scan criteria, you'll need to use a PCF. What is the period and std dev of your Bollinger Bands. You can use the PCF to create conditions for the different time frames.
|
|
Registered User
Joined: 6/30/2010
Posts: 33
|
Thank you for your reply. I prefer screens as columns take up valuable space, stockfinder did a really nice and easy job of creating screens and automatically updating based on a chosen timeframe.
I am use 20 and 2 for bollinger bands. I have never figured out the PCF logic, have not really tried very hard. It is to complicated for my brain. I am interested in 1 day and 60/15/5 min timeframes.
Thank you for your help.
|
|
Administration
Joined: 9/30/2004
Posts: 9,187
|
Create the PCF using the following formula:
C > (AVGC20 + 2 * 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)) and C1 < (AVGC20.1 + 2 * SQR(ABS(C20 ^ 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 * AVGC20.1 ^ 2) / 19))
If you want different time frames, just create multiple PCFs and set the time frame on the PCFs accordingly.
|
|
Registered User
Joined: 6/30/2010
Posts: 33
|
Thank you. I will try this formula. How in the world would I have ever figured out how to program such complexity?
Also, Is there a way to program an hourly consolidation formula? basically, i want to find price action within tight consolidation within the hourly chart. 2, 3, 4, or 5 days with price action within a certain percentage of the mean maybe.? Less than 1%, 2% or 4%.
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
There are seven hourly bars per day, so you could do something like the following using an Hourly Time Frame in the TC2000.com version 11 beta for 2 days less than 1%:
MAXH14 / MINL14 < 1.01
3 days less than 2%:
MAXH21 / MINL21 < 1.02
4 days less than 4%:
MAXH28 / MINL28 < 1.04
The pattern can be adjusted as desired.
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
|
Guest-1 |