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Alpha-Man01
Posted : Friday, September 27, 2013 2:15:42 PM
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Joined: 7/17/2013
Posts: 2

What formula would I use to scan for stocks who's price intersected the lower Bollinger band X number of periods before?

Thanks.

Bruce_L
Posted : Friday, September 27, 2013 2:20:45 PM


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

I would need to know the settings of the Bollinger Band and the value of X to help you create such a forrmula. For example, for a Simple Bollinger Band 20,2.00 of 5 bars ago, a Condition Formula could be written as:

ABS(AVGC20.5 - 2 * SQR(ABS(C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 + C20 ^ 2 + C21 ^ 2 + C22 ^ 2 + C23 ^ 2 + C24 ^ 2 - 20 * AVGC20.5 ^ 2) / 20) - (H5 + L5) / 2) <= (H5 - L5) / 2

Modelling Bollinger Bands (& Standard Deviation) in a TC PCF



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
AlphaMan01
Posted : Monday, September 30, 2013 9:22:25 AM
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Joined: 6/27/2013
Posts: 4

What if X = 1 (previous period)? How does the formula change?

 

I plan on creating a recent range to scan for using the OR operator. Once I see X=1, I can take it from there. Took a look at your link, but I"m afraid that didn't help. 

Thanks,

Ron

 

 

Bruce_L
Posted : Monday, September 30, 2013 9:26:53 AM


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

If X is 1 instead of 5, you would need to subtract 4 from all of the bars ago parameters.

ABS(AVGC20.1 - 2 * SQR(ABS(C1 ^ 2 + C2 ^ 2 + C3 ^ 2 + C4 ^ 2 + C5 ^ 2 + C6 ^ 2 + C7 ^ 2 + C8 ^ 2 + C9 ^ 2 + C10 ^ 2 + C11 ^ 2 + C12 ^ 2 + C13 ^ 2 + C14 ^ 2 + C15 ^ 2 + C16 ^ 2 + C17 ^ 2 + C18 ^ 2 + C19 ^ 2 + C20 ^ 2 - 20 * AVGC20.1 ^ 2) / 20) - (H1 + L1) / 2) <= (H1 - L1) / 2



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
AlphaMan01
Posted : Monday, September 30, 2013 1:19:27 PM
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Joined: 6/27/2013
Posts: 4

Thanks. However, if I can make one small correction to your two formulas. To show where price crosses the lower BB, it should be: ABS(AVGC20.1 - ... not  ABS(AVGC20.1 +... 

The formulas above are for when price crosses the upper BB.

All the best,

Ron

 

Bruce_L
Posted : Monday, September 30, 2013 1:27:01 PM


Worden Trainer

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

Yes, the first operator in the formulas should be a - sign and not a + for the lower band.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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