Is there a way to set up a PCF(or a set up of the indicator) that will tell me which stocks using TSV and MS indicators where the indicators are nearing the bottom or the top?  These would be useful for reversals

Thanks Bruce

You can check where Cumulative MoneyStream (MS) and Simple Time Segmented Volume (TSV) are relative to their past range (essentially take a Stochastic of MS or TSV).

Understanding Stochastics

Let's say you wanted to find out  where MS was relative to its 100-bar range. You could use the following formula:

100 * (MS - MIN(MS,100)) / (MAX(MS,100) - MIN(MS,100))

Dealing with OBV & MS in PCF's - how to interp their "values"

A similar formula for an 18-Period Simple TSV over the most recent 50-bars would be:

100 * (TSV18 - MIN(TSV18,50)) / (MAX(TSV18,50) - MIN(TSV18,50))

Basic Info on BOP, TSV and MoneyStream

You would be looking for values near 0 or near 100.

You cannot do the same for an Exponential TSV however because the MIN() and MAX() functions will not accept other functions as arguments (and you would need to use the XAVG() function to create an Exponential TSV in the Personal Criteria Formula Language).

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

Thanks Bruce

A similar formula for an 18-Period Simple TSV over the most recent 50-bars would be:

100 * (TSV18 - MIN(TSV18,50)) / (MAX(TSV18,50) - MIN(TSV18,50))

You would be looking for values near 0 or near 100.

You cannot do the same for an Exponential TSV however because the MIN() and MAX() functions will not accept other functions as arguments (and you would need to use the XAVG() function to create an Exponential TSV in the Personal Criteria Formula Language).

Bruce is there anyway around this that you can think of? I would really like to speed up my search process by finding a way to use this sort of thing for exponential tsv 18, please.

Huge Profits and small losses.

You can add Donchian Channels to the TSV and then click on the TSV and select Create Scan Condition to use Channel Position Range in TSV vs Donchion Channels to check for values near 100 or values near 0.

You would set the Donchian Channels to the period of interest. You would probably want to set the Offset of the Donchian Channels to 0.

Create Conditions from Your Chart

THANK YOU!!! Bruce and Team Worden, Y'all are always awesome!!!

You're welcome.