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Is there a way to write a PCF for a 35 day ATR? Rate this Topic:
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hacker13
Posted : Friday, September 16, 2011 4:03:07 PM
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Looking to recreate a scan from SF 5 in the TC 2000 and it has been a long time since I used the PCF formulas. I would like to create the following((maxc65-minc65)*.7)-2times the 35 day ATRThanks Mark
Bruce_L
Posted : Friday, September 16, 2011 4:18:03 PM


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Posts: 65,138
The formula would be to long for me to post if the Average True Range is calculated using Wilder's Smoothing as is done in StockFinder. If you use the Simple Smoothing of the ATR in TC2000 version 12 however, your Indicator Formula could be written as:

.7 * (MAXC65 - MINC65) - 2 * ((AVGH35 - AVGL35) / 2 + (ABS(H - C1) + ABS(C1 - L) + ABS(H1 - C2) + ABS(C2 - L1) + ABS(H2 - C3) + ABS(C3 - L2) + ABS(H3 - C4) + ABS(C4 - L3) + ABS(H4 - C5) + ABS(C5 - L4) + ABS(H5 - C6) + ABS(C6 - L5) + ABS(H6 - C7) + ABS(C7 - L6) + ABS(H7 - C8) + ABS(C8 - L7) + ABS(H8 - C9) + ABS(C9 - L8) + ABS(H9 - C10) + ABS(C10 - L9) + ABS(H10 - C11) + ABS(C11 - L10) + ABS(H11 - C12) + ABS(C12 - L11) + ABS(H12 - C13) + ABS(C13 - L12) + ABS(H13 - C14) + ABS(C14 - L13) + ABS(H14 - C15) + ABS(C15 - L14) + ABS(H15 - C16) + ABS(C16 - L15) + ABS(H16 - C17) + ABS(C17 - L16) + ABS(H17 - C18) + ABS(C18 - L17) + ABS(H18 - C19) + ABS(C19 - L18) + ABS(H19 - C20) + ABS(C20 - L19) + ABS(H20 - C21) + ABS(C21 - L20) + ABS(H21 - C22) + ABS(C22 - L21) + ABS(H22 - C23) + ABS(C23 - L22) + ABS(H23 - C24) + ABS(C24 - L23) + ABS(H24 - C25) + ABS(C25 - L24) + ABS(H25 - C26) + ABS(C26 - L25) + ABS(H26 - C27) + ABS(C27 - L26) + ABS(H27 - C28) + ABS(C28 - L27) + ABS(H28 - C29) + ABS(C29 - L28) + ABS(H29 - C30) + ABS(C30 - L29) + ABS(H30 - C31) + ABS(C31 - L30) + ABS(H31 - C32) + ABS(C32 - L31) + ABS(H32 - C33) + ABS(C33 - L32) + ABS(H33 - C34) + ABS(C34 - L33) + ABS(H34 - C35) + ABS(C35 - L34)) / 70)

PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!

-Bruce
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hacker13
Posted : Friday, September 16, 2011 4:31:06 PM
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That works fine .... thanks Mark
hacker13
Posted : Friday, September 16, 2011 4:33:03 PM
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Is there a way yet to plot an indicator with using the price scale of the stock and plotting in the same window in TC 2000 ?
Bruce_L
Posted : Friday, September 16, 2011 4:36:39 PM


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The only way to do so currently would be to use the desired formula as the Indicator Line Formula in a Custom PCF Channel Indicator. You would probably want to use something that always returns zero such as C - C as the Channel Width Formula.

-Bruce
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hacker13
Posted : Friday, September 16, 2011 4:40:14 PM
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Ok... will we be able to in the future overlay an indicator and scale with the stock price as we can now do in SF5 in a new release?
Bruce_L
Posted : Friday, September 16, 2011 4:44:33 PM


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I would expect so at some point (it as a planned feature), but the exact mechanism has not yet been determined and I cannot say for sure when it might happen.

-Bruce
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hacker13
Posted : Friday, September 16, 2011 4:48:57 PM
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Thanks for the helpMark
Bruce_L
Posted : Friday, September 16, 2011 4:53:27 PM


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Posts: 65,138
You're welcome.

-Bruce
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