Registered User Joined: 10/7/2004 Posts: 1,178
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We have PCF for Price Percent Change 5-Year which is useful for stocks.
But, how about Price Percent Changes for four-year, three-year, and two-year? These would be most helpful when accessing ETFs.
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Registered User Joined: 10/7/2004 Posts: 23
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What, please, is a PCF to find stocks whose candles have long "tails" ("wicks") above or below the candle body? I use O-L for low candles and H-C for an upper candle, Is this correct? I do not get good results here but mainly because tails are not well developed in v12. Chris Pratsch
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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If you use a Weekly Time Frame for the Indicator Formula, a 2-year price percent change could be written as:
100 * (C / C104 - 1)
A 3-year price percent change could be written as:
100 * (C / C156 - 1)
And a 4-year price percent change could be written as:
100 * (C / C208 - 1)
An Indicator Formula for the length of the upper wick can be written as:
H - (O + C + ABS(O - C)) / 2
An Indicator Formula for the length of the lower wick can be written as:
(O + C - ABS(O - C)) / 2 - L
I do not know how you might want to determine if these wicks are "long" or not. An Indicator Formula for the upper wick as a percentage of the entire candle could be written as:
100 * (H - (O + C + ABS(O - C)) / 2) / (H - L + .00001)
An Indicator Formula for the lower wick as a percentage of the entire candle could be written as:
100 * ((O + C - ABS(O - C)) / 2 - L) / (H - L + .00001)
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/7/2004 Posts: 23
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Thanks, Bruce Chris Pratsch
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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