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jpreis717
Posted : Saturday, February 23, 2013 11:23:57 AM
Registered User
Joined: 8/21/2011
Posts: 9

I am trying to create a formula to find price going down and TSV going up. This is what I have so far. Thanks Jim

(C>C1>C2>C3>C4>C5)
TSV18 TSV18.1 TSV18.2 TSV18.3 TSV18.4 TSV18.5

Bruce_L
Posted : Monday, February 25, 2013 8:49:30 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Assuming you are interested in price falling for five consecutive days while an 18-Period Simple TSV is increasing for five consecutive days, you could try the following:

C < C1 AND C1 < C2 AND C2 < C3 AND C3 < C4 AND C4 < C5 AND TSV18 > TSV18.1 AND TSV18.1 > TSV18.2 AND TSV18.2 > TSV18.3 AND TSV18.3 > TSV18.4 AND TSV18.4 > TSV18.5

That said, while it is theoretically possible for price to go in one direction five bars in a row and an 18-Period Simple TSV to go in the other direction for five bars in a row, it is an incredibly unlikely occurance. TSV can contradict price, but a sustained contradiction of price is very difficult to sustain.

Checking for price to have decreased at least 4 out of 5 bars and the 18-Period Simple TSV to have increased for at least 4 out of 5 bars would be a far more likely occurance.

ABS(C < C1) - (C1 < C2) - (C2 < C3) - (C3 < C4) - (C4 < C5) > 3.5 AND ABS(TSV18 > TSV18.1) - (TSV18.1 > TSV18.2) - (TSV18.2 > TSV18.3) - (TSV18.3 > TSV18.4) - (TSV18.4 > TSV18.5) > 3.5

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-Bruce
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jpreis717
Posted : Monday, February 25, 2013 9:47:36 AM
Registered User
Joined: 8/21/2011
Posts: 9

Thank you Bruce for your help. Jim

Bruce_L
Posted : Monday, February 25, 2013 9:57:29 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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