Registered User
Joined: 2/6/2011
Posts: 7
|
example stock - ODP, poped on 5th followed by 3 down candle.
if somebody can help me out with PCF that will be great!
Regards
DaveSingh
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
I'm going to assume from your reference to ODP that you mean the close is less than the open as your definition of a down candle (as 9/7/2012 actually had a positive net change). How specifically do you want to define a "big candle" however?
Is it the "pop" that describes it? Are you interested in a certain % change or net change? Are you interested in the change being greater than the average change over some period by a certain percentage?
Is it the size of the candle? Are you interested in there being a certain range, percent range or true range? Are you interested in the range being greater than the average range over some period by a certain percentage?
Do you have some other objective definition in mind?
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
Registered User
Joined: 2/6/2011
Posts: 7
|
ODP doesn't look like a good candidate, but here is what i'm looking, a candle whose price %change > 10% from previous 5 bars and then price drop between 1-2% in next 3 days.
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
The following Condition Formula checks for price to have dropped between 1-2% during the most recent 3-bars following a candle which closed more than 10% the highest close of the previous 5-bars:
.98 * C3 <= C AND C <= .99 * C3 AND C3 > 1.1 * MAXC5.4
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|