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Registered User
Joined: 3/31/2011
Posts: 33
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Is there a way to scan for intraday highs? The Price History condition has a new high component but the time period is variable. Thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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There is no way to determine the starting bar in the day or how many bars have passed during the current day using the Personal Criteria Formula Language.
About the best you can do is to check to see if the current price is the high of the day on a daily Time Frame:
C = H
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: 12/30/2004
Posts: 123
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I can use the formula below on my hourly charts in a %True PCF to indicate if a stock is within the top 10 percent of its daily high. I am sure you can adapt it to scan just as well. To test its usefulness past it into a %True and try it on a chart set to less than daily (like hourly or 15min). I hope that helps.
(c - MinL1) > .9 * (MaxH1-MinL1)
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Yes, that is essentially testing for a 1-Period Stochastic being greater than 90. It could be written as:
STOC1 > 90
My main point was that you can test to see if price is at or near its high of the day, but you cannot test to see if the high of the current intraday bar is the high of the day unless the current close is also the high of the day.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 12/30/2004
Posts: 123
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I like the STOC1 > 90 it is a lot less keystrokes. The way I use formulas like the on above, it just gives me a signal that I am in the area. The precision of the exact high is not usually necessary to make a trade, but I understand your point. I always like to learn a new way to do something, so thanks new idea.
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