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Registered User Joined: 7/28/2013 Posts: 31
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Can a PCF be create to alert/pass when the ADX slope goes from positive to negative? And/or possible change of the rate at which it is increasing/decreasing?
really would lke the first PCF, when ADX slope is positive, and when it is negative.
thanks!
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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I do not know of a way to create a Personal Criteria Formula for ADX or its slope which is short enough and fast enough to be practical or post in the forums.
You can however create a condition for the slope of the ADX switching from positive to negative by adding a 2-Period Simple Moving Average to ADX. Then click on ADX and select Create Scan Condition to create a Condition for the ADX crossing down through its 2-Period Simple Moving Average.
Create Conditions from Your Chart
The reverse is just a matter of cheking for the ADX to be crossing up through its 2-Period Simple Moving Average instead of down.
Nothing pops to mind as to a good way to determine if the slope is changing by a certain amount in general.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 7/28/2013 Posts: 31
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Then Is it possible to create a PCF which alerts/true when the ADX crosses +/- its 2-day SMA?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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No, it is not. You can create two individual conditions for crossing up or crossing down by clicking on the chart and selecting Create Scan Condition as described above, but I cannot think of a way to create a single condition or EasyScan which would check for crossing up or cross down at the same time.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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