I would like to create a condition using the momentum indicator that measures the last 3 days asking on the first day momentum is down and second day is up and the third day is down but not lower than the first day's. On a chart its like a double bottom formation before forming the fourth leg up but its formed on the momentum indicator  I hope this is understandable   Thanks  

What is the period of the Momentum indicator?

Daily

I don't actually need to know the time frame, but I do need know the period to be able to create a formula for the Momentum indicator.

Period is 1  Sorry

Please try the following Condition Formula:

C2 / C3 < C3 / C4 AND C2 / C3 < C / C1 AND C / C1 < C1 / C2

And could you send me the inverse of this formula too  day 1 momentum is up day 2 down and day 3 is up but not greater than day1 resulting in a double top  Thanks

Just replace all ef the < signs with > signs:

C2 / C3 > C3 / C4 AND C2 / C3 > C / C1 AND C / C1 > C1 / C2

Ok Thanks   Also I would like to add to the condition to reflect after 3 down days  for the first formula you sent and after 3 up days for the second  Thanks

Adding 3 down momentum days to the beginning of the first formula would result in:

C5 / C6 < C6 / C7 AND C4 / C5 < C5 / C6 AND C3 / C4 < C4 / C5 AND C2 / C3 < C3 / C4 AND C2 / C3 < C / C1 AND C / C1 < C1 / C2

Adding 3 up momentum days to the beginning of the second formula would result in:

C5 / C6 > C6 / C7 AND C4 / C5 > C5 / C6 AND C3 / C4 > C4 / C5 AND C2 / C3 > C3 / C4 AND C2 / C3 > C / C1 AND C / C1 > C1 / C2

Thanks

I meant 3 down days in price for the first condition and 3 up days in price for the second condition

Thanks

By an up day in price do you mean the current close is greater than the previous close, the current close is greater than the current open or something else?

3 down days = 3 consecutive lower closing prices for the first condition

3 up days = 3 consecutive higher closing prices for the second condition

I would like that added to the first two conditions you sent   Thanks

Having the most recent 3-bars also have negative net changes in addition to the requirements of the first formula would result in:

C < C1 AND C1 < C2 AND C2 < C3 AND C2 / C3 < C3 / C4 AND C2 / C3 < C / C1 AND C / C1 < C1 / C2

Having the most recent 3-bars also have positive net changes in addition to the requirements of the second formula would result in:

C > C1 AND C1 > C2 AND C2 > C3 AND C2 / C3 > C3 / C4 AND C2 / C3 > C / C1 AND C / C1 > C1 / C2

Hey Bruce,

Could you send me the below formulas using the W%R as the indicator instead of momentum with a period of 1  Thanks

Having the most recent 3-bars also have negative net changes in addition ot the requirements of the first formula would result in:

C < C1 AND C1 < C2 AND C2 < C3 AND C2 / C3 < C3 / C4 AND C2 / C3 < C / C1 AND C / C1 < C1 / C2

Having the most recent 3-bars also have positive net changes in addition ot the requirements of the second formula would result in:

C > C1 AND C1 > C2 AND C2 > C3 AND C2 / C3 > C3 / C4 AND C2 / C3 > C / C1 AND C / C1 > C1 / C2

Having the most recent 3-bars have negative net changes in both price and a 1-Period Williams %R would result in:

C < C1 AND C1 < C2 AND C2 < C3 AND STOC1 < STOC1.1.1 AND STOC1.1.1 < STOC1.1.2 AND STOC1.1.2 < STOC1.1.3

Having the most recent 3-bars have positive net changes in both price and a 1-Period Williams %R would result in:

C > C1 AND C1 > C2 AND C2 > C3 AND STOC1 > STOC1.1.1 AND STOC1.1.1 > STOC1.1.2 AND STOC1.1.2 > STOC1.1.3

Understanding Stochastics

HEY BRUCE

I NEED TWO DIFFERENT FORMULAS FOR THE MOMENTUM INDICATOR USING A PERIOD OF ONE

THE FIRST MEASURING 3 BARS ON A  CHART IN WHICH ON THE FIRST BAR PRICE MAKES A LOW, THEN GOES UP ON THE SECOND BAR AND THEN GOES DOWN MAKING A NEW LOW ON THE THIRD BAR BUT THE MOMENTUM DOES THE SAME THING EXCEPT ON THE THIRD BAR IT DOESNT MAKE A NEW LOW RESULTING IN A POSSIBLE DOUBLE BOTTOM. I WOULD NEED THE FORMULA FOR THE INVERSE OF THIS AS WELL REFLECTING A POSSIBLE DOUBLE TOP

AND THE SECOND FORMULA IS WHEN PRICE ICLOSES  DOWN BUT MOMENTUM CLOSES UP AND VICE VERSA

tHANKS

It depends on how you define "makes a low". If it just has to have a lower low than the bar before and after it:

L < L2 AND L1 > L2 AND L2 < L3 AND C / C1 > C2 / C3 AND C1 / C2 > C2 / C3 AND C2 / C3 < C3 / C4

With the reverse being:

H > H2 AND H1 < H2 AND H2 > H3 AND C / C1 < C2 / C3 AND C1 / C2 < C2 / C3 AND C2 / C3 > C3 / C4

If you mean something else, we would need additional clarification from you.

price is lower  than the previous then the second is higher than the previos and the third is lower than the second but the momemtum doesnt make a new low on the third 

You can replace the lows and highs with closing values if desired.

C < C2 AND C1 > C2 AND C2 < C3 AND C / C1 > C2 / C3 AND C1 / C2 > C2 / C3 AND C2 / C3 < C3 / C4

With the reverse being:

C > C2 AND C1 < C2 AND C2 > C3 AND C / C1 < C2 / C3 AND C1 / C2 < C2 / C3 AND C2 / C3 > C3 / C4

AND ALSO I NEED A FORMULA ASKING  WHEN PRICE ICLOSES  DOWN BUT MOMENTUM CLOSES UP AND VICE VERSA

Price closing down and momentum 1 closing up would be:

C < C1 AND C / C1 > C1 / C2

Price closing up and momentum 1 closing down would be:

C > C1 AND C / C1 < C1 / C2