Need a little (maybe a lot) of help setting up an easy scan for:

Doji at the top yesterday and a gap down today, w/Stochastic (above 80) in overbought position.

AND

  With a doji at the bottom yesterday with a gap up today, w/Stochastic (just coming off 20) in oversold position

TANKS for your assistance

Wayne

Also, understand there is a webinar discussing these issues, can you give me any info on it???

Wayne

Most of the Webinars are going to be about TC2000 version 12.3 or StockFinder, not TC2000 version 7.

06/23/2009 - Candle Patterns that Perform
01/05/2010 - Candlestick Patterns
05/11/2010 - Candle Patterns: Basic Reversal Patterns (Part 1)
06/08/2010 - Candle Patterns: Basic Reversal Patterns (Part 2)
07/27/2010 - Candle Patterns: Basic Reversal Patterns (Part 3)
08/17/2010 - Candle Patterns: Basic Reversal Patterns (Part 4)
10/19/2010 - Candle Patterns: Basic Reversal Patterns (Part 5)
11/09/2010 - Candle Patterns: Basic Reversal Patterns (Part 6)
11/30/2010 - A Candlestick Trade Plan, guest Bill Kraft
12/14/2010 - Candle Patterns: Basic Reversal Patterns (Part 7)

We do have videos on creating Personal Criteria Formulas and EasyScans in general and PCFs for Stochastics in particular:

How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria
Understanding Stochastics

You need to know the exact settings of the Stochastic to create a PCF for the Stochastic being above 80 or below 20.

If your doji requires the open and close to be exactly the same:

O = C

At the top means the open and close are also exactly at the high:

O = C AND O = H

And gap up means the low of the bar is above the high of the previous bar:

O = C AND O = H AND L > H1

And gap down means the high of the bar is below the low of the previous bar:

O = C AND O = H AND H < L1

PCF Formula Descriptions
Boolean PCFs for Candlestick Patterns

We should be able to create a single PCF by connecting whatever Stochastic formula we come up with  to the desired Doji and Gap PCF using AND, but we could also create multiple PCFs and use them as EasyScan Conditions in the same EasyScan.

Wow Bruce,  TANKS.

Looks like I'll be busy for a while.

Bruce,

Have watched some of the videos, which are really good.  The time frame was 2010 in the first 3 on the list.  Is this TC2000 12.3?  They do talk about Stock Finder 4 and 5, what's the difference in these?

Wayne

I did point out that the Webinars would focus on StockFinder and TC2000 version 12.3 instead of TC2000 version 7. The ideas in the Webinars can be used in any of our products, but the specifics of implementation can vary significantly.

Your TC2000 Gold data subscription gives you access to both TC2000 version 7 and TC2000 version 12.3. StockFinder is a completely different program from TC2000.

TC2000 version 7 and StockFinder both run entirely on your computer. You just download the data from our servers. TC2000 version 12.3 runs primarily on our servers with the interface running on your computer. TC2000 version 12.3 is generally quite a bit faster than TC2000 version 7 or StockFinder as a result. StockFinder can be programmed using RealCode, which is a full programming language based on Visual Basic, instead of using TC2000's Personal Criteria Formula Language, which is only designed to create formulas using a single logical line of code.

You could get access to StockFinder Gold with a TC2000 Platinum subscription, but access to StockFinder Platinum requires its own StockFinder Platinum data subscription. So if you have been using TC2000 version 7, there is no reason not to give TC2000 version 12.3 a try (it has a lot more indicators).

Bruce, can you give me one formula that I can use in a scan that filters for BOTH a doji (bottom) with a gap up AND a doji (top) with a gap down? If so, that would be appreciated.

Thank You Bruce

The same assumptions are being used in this post as in my previous posts in the topic.

Doji at the bottom with a gap up or a doji at the top with a gap down:

O = C AND ((O = L AND L > H1) OR (O = H AND H < L1))

Bruce, can you please revisit this formula as neither today nor yesterday produced even one result. Just wondering...

Along the same idea, are you saying that ALL I have to do to combine scans between a bearish and bullish candlestick pattern is to put "OR" between them in the formula?

So

Bullish Engulfing 
((O1 > C1) AND (C > O) AND (C >= O1) AND (C1 >= O) AND ((C - O) > (O1 - C1)))

Bearish Engulfing 
((C1 > O1) AND (O > C) AND (O >= C1) AND (O1 >= C) AND ((O - C) > (C1 - O1)))

would become

((O1 > C1) AND (C > O) AND (C >= O1) AND (C1 >= O) AND ((C - O) > (O1 - C1))) OR ((C1 > O1) AND (O > C) AND (O >= C1) AND (O1 >= C) AND ((O - C) > (C1 - O1)))

The Condition Formula currently returns true for 84 of the 5799 items in the US Common Stocks WatchList.

And yes, using OR will allow you to determine if either of two Condition Formulas return true. You may have to place those Condition Formulas inside of parentheses to force the order of operations however.

Bruce,

Thanks for including me in the Engulfing Bull or Bear reply.

WayneWM

You're welcome.