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PCF - Three previous red candles and the current candle trading above the high of the previous one Rate this Topic:
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odgarcia
Posted : Thursday, August 23, 2012 3:14:27 PM
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Joined: 4/25/2012
Posts: 15

Could anyone help me formulate the following PCF?

Three previous red candles and the current candle trading above the high of the previous one.

Thanks in advance.
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StockGuy
Posted : Thursday, August 23, 2012 4:53:37 PM

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Joined: 9/30/2004
Posts: 9,187

By "red candle" I assume you mean the open was above the close on each  (or are you coloring by Net Change?)

 

If Open vs Close then use..

C3<O3 AND C2<O2 AND C1<O1 and C > MAXH1

 

If Net Change then use...

 

C3<C4 AND C2<C3 AND C1<C2 and C > MAXH1

 
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odgarcia
Posted : Thursday, August 23, 2012 5:00:15 PM
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Joined: 4/25/2012
Posts: 15

I meant Open vs Close but is good to have both. Thanks a lot.
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