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Registered User
Joined: 1/7/2010
Posts: 70
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Hope I explain this correctly. I created a scan to look for hammer candles. The scan consists of 3 separate conditions which were first created as PDF indicators and added as conditions for the scan. When the indicators were created they had a timeframe attributed to them. When they were added to the scan as conditions I was able to edit the parameters (ie. center of body as % of shadow) The scan runs great and returns relevant candles in the daily timeframe.
I just can't figure out how to run the same scan for a 5 min timeframe. I tried recreating the same individual indicators using a 5 min timeframe and adding them as conditions (with the same parameters) for a new scan, but running the new scan and checking the 5 minute timeframe only returns 1 incorrect looking hammer. The first scan with the same parameters on a daily timeframe shows 47 stocks with hammers correctly showing
bodies maxsize 30% of shadow with body center located above 75%. The scan on a 5 minute timeframe returns only 1 stock with a hammer with body at bottom of the candle. Any ideas? Can you not run scans looking for stocks on a specific timeframe?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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What version of TC2000 are using (TC2000 version 7, TC2000 version 11 beta, TC2000 version 12, TC2000 version 12 beta)?
What are the specific formulas you are using in the EasyScan/Scan? What are the settings?
-Bruce
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Registered User
Joined: 1/7/2010
Posts: 70
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I'm using Version 12. The PCFs I'm using as conditions in the scan are:
Body as % of shadow ABS(C - O) / (H - L) * 100
Body center as % of shadow (((C + O) / 2) - L) / (H - L) * 100
Candle Range as % of average (H-L)/(AVGH21-AVGL21)*100
I think I know the problemn. It was after market hours and I'm interested in the last 5 min bar of the session that just closed, but I'm trying to scan for the current 5 min bar. There is not usually a current 5 min bar after hours. I'm not sure how to scan for the last bar of the previous session.
Also,where do you find Ver 12 beta?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You can run the TC2000 version 12 beta by going to the following web address:
http://www.tc2000.com/beta
When you look at the Conditions in your Scan, is the Time Frame listed as 5-Minute or Daily?
What are the ranges being checked in the Scan for the three Conditions?
-Bruce
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Registered User
Joined: 1/7/2010
Posts: 70
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The ranges are:
Candle range as % of average Ranks 75% to Max
Body center as % of shadow > 75
Body as % of shadow between Min 1 and Max 30
The parameters I want are identical for any timeframe scan. I created duplicate conditions for those 3 PCFs based on a 5 min timeframe and plugged those into a separate 5 min scan, so the scan would be specific for that timeframe. I notice now that the daily scan returns 55 item on all US stocks (scan results look right on).
The 5 min scan with the same conditions on US stocks doesn't return any hits. I would expect to see at least a few results on the 5 min when the daily is showing 55.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I keep coming back to the question about the Time Frame is because when I add value based formulas to a Scan in TC2000 version 12 and attempt to change it to anything besides Is Between (as you have indicated you have done for both Body center as % of shadow and Candle range as % of average), it changes the Time Frame to Daily. This would mean you are testing Body as % of shadow on a 5-Minute Time Frame, but Candle range as % of average and Body center as % of shadow on a Daily Time Frame.
We could try converting the formulas into Boolean (True or False) Condition Formulas such as the ones used in the Boolean PCFs for Candlestick Patterns topic (as you could use a 5-Minute Time Frame for all three Condition Formulas), but we would need to decide on a specific value for Candle range as % of average instead of using Ranks.
-Bruce
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Registered User
Joined: 1/7/2010
Posts: 70
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Taking your advice I changed the value based criteria for all conditions to use the "in between" variable. That seems to have solved the issue. 2 questions.
Is there a link to Julia's updated PCFs for candles based on her October 2011 seminar "Targeting the bottom of a pullback"
Also, is there a way to have conditions that are sorting a watchlist change timeframe by simply clicking on a different timeframe chart. Basically having a watchlist linking to a timeframe. That would eliminate have to create separate timeframe based conditions, You could create a global condition and when it is used as a sort column its timeframe would change with the active chart when you choose the "linked" option.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The only adjustment to a candlestick formula made by Julia of which I am aware is in the Question for Michael or Julia from Sort Webinar Feb 29( Australia time)for Michael topic. Everything else should be in the Boolean PCFs for Candlestick Patterns topic.
There is Symbol Linking between WatchLists and Charts, but it is not currently possible to set up Time Frame Linking between WatchLists and Charts in TC2000 version 12.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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