Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Opening Range Breakouts and Breakdowns Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
alanpal
Posted : Friday, March 8, 2013 2:09:07 PM
Registered User
Joined: 2/10/2008
Posts: 6

Hi Bruce, I am about to become a Platinum Member, and I would like some help in creating a  set of formulas for when price crosses  above an opening range high (5 min,15 min, etc) bar, and similarly when price  crosses below and opening range low (5 min, 15 min, etc.) bar

                                       Thank You,

                                             Alan Pallat

Bruce_L
Posted : Friday, March 8, 2013 2:11:30 PM


Worden Trainer

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

There is no way to do this currently in either version of TC2000 as the Personal Criteria Formula Language does not have any syntax to reference the time of day. It can be done in StockFinder Platinum.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
alanpal
Posted : Friday, March 8, 2013 2:55:36 PM
Registered User
Joined: 2/10/2008
Posts: 6

Hi Again Bruce, So would the answer be the same for  daily breakouts and breakdowns? IE, price  breaks above the the past (2, or 5) day high, or below the past (2, or 5) day low?

    Thanks again, Alan Pallat

Bruce_L
Posted : Friday, March 8, 2013 3:09:56 PM


Worden Trainer

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

A Condition for a the high of the current bar being above the high of the previous 2-bars would be:

H > MAXH2.1

And a Condition Formula for the high of the current bar being above the high of the previous 5-bars would be:

H > MAXH5.1

A Condition for a the low of the current bar being below the low of the previous 2-bars would be:

L < MINL2.1

And a Condition Formula for the high of the current bar being above the high of the previous 5-bars would be:

L < MINL5.1

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



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
alanpal
Posted : Friday, March 8, 2013 3:33:03 PM
Registered User
Joined: 2/10/2008
Posts: 6

Thank You Bruce, this is very helpful,....but can I now take these formulas, and use them at the beginning of the day, when only one bar has formed, without referencing the time of day, but running these formulas on the ie. 5 or 15 min time frame, and if so.. would

A Condition for a the high of the current bar being above the high of the previous bar be

H > MAXH1.1 and similarly ......

A Condition for the high of the current bar being below the low of the of the previous bar be   L < MINL1.1

        Thank You again for you help,    Alan Pallat

 

 

Bruce_L
Posted : Friday, March 8, 2013 3:35:10 PM


Worden Trainer

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

Those formulas would work, but H > H1 would probably be more efficient that H > MAXH1.1 and L < L1 would probably be more efficient than L < MINL1.1.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
alanpal
Posted : Friday, March 8, 2013 3:53:01 PM
Registered User
Joined: 2/10/2008
Posts: 6

Thanks so much Bruce,      Alan pallat

Bruce_L
Posted : Friday, March 8, 2013 3:55:11 PM


Worden Trainer

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

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.