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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 12/18 » Explain MAXC120.60

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jackmanjls
Posted : Monday, January 13, 2014 8:21:49 AM
Registered User
Joined: 9/28/2009
Posts: 135

I watched one of the vids and to find resistance the person used the formula:

c=max120 AND c>(maxc120.60)*.99 AND c<(maxc120.60)*1.01

Can you explain the what maxc120.60 does?
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Bruce_L
Posted : Monday, January 13, 2014 11:10:48 AM


Worden Trainer

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

I'm going to guess that the c=max120 section is actually C = MAXC120 as max120 is completely meaningless in the Personal Criteria Formula Language.

C is the current price or closing price of the current bar.

MAXC120 is the highest closing price in the most recent 120 bars.

MAXC120.60 is the highest closing price of the 120 bars ending 60 bars ago.

So the Condition Formula given is designed to check that the current price is the highest closing price is the most recent 120 bars and within 1% of the highest closing price it the 120 bars ending 60 bars ago.

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


-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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