I created a custom indicator which is the value chart indicator which follows:

(C-((((H+L)/2)+((H1+L1)/2)+((H2+L2)/2)+((H3+L3)/2)+((H4+L4)/2)))/5)/((((H-L)+(H1-L1)+(H2-L2)+(H3-L3)+(H4-L4))/5)*0.20)

It is based on the Steinmeyer concept in his book 'Profit With Market Profile'.  It pretty much returns values from 8 to -8 depending on if they are oversold or overbought.

My question is I want to create a scan that finds a value of -6 for the previous day and then finds today value greater then -6.  Pretty much a scan that looks for a drop in price then a recover.  How would that be written, if it is even possible.

Thank you if anyone could help.

I also thought it might be possible to use a .1 or ,1 after the formula but it does not work like a normal indicator that is allready programed into TC2000.  So, for example:

(C-((((H+L)/2)+((H1+L1)/2)+((H2+L2)/2)+((H3+L3)/2)+((H4+L4)/2)))/5)/((((H-L)+(H1-L1)+(H2-L2)+(H3-L3)+(H4-L4))/5)*0.20).1

OR

((C-((((H+L)/2)+((H1+L1)/2)+((H2+L2)/2)+((H3+L3)/2)+((H4+L4)/2)))/5)/((((H-L)+(H1-L1)+(H2-L2)+(H3-L3)+(H4-L4))/5)*0.20).1)

Both of these ways show errors so I'm not sure what to do or try next.

Try this:

(C1-((((H1+L1)/2)+((H2+L2)/2)+((H3+L3)/2)+((H4+L4)/2)+((H5+L5)/2)))/5)/((((H1-L1)+(H2-L2)+(H3-L3)+(H4-L4)+(H5-L5))/5)*0.20)<(-6)AND(C-((((H+L)/2)+((H1+L1)/2)+((H2+L2)/2)+((H3+L3)/2)+((H4+L4)/2)))/5)/((((H-L)+(H1-L1)+(H2-L2)+(H3-L3)+(H4-L4))/5)*0.20)>(-6)

Thanks

Thats works.  I didn't think about changing the values in the indicator itself.  Thank you

cbratton27 i would like to know more about this formula, I have plotted it in its raw form as you showed in the original post

value chart indicator which follows: (C-((((H+L)/2)+((H1+L1)/2)+((H2+L2)/2)+((H3+L3)/2)+((H4+L4)/2)))/5)/((((H-L)+(H1-L1)+(H2-L2)+(H3-L3)+(H4-L4))/5)*0.20)  

i have experimented with it a little differently that you have described and it looks very interesting

All it is, is the formula from Steinmeyers Value Chart Indicator, the book is floating around online if you search for it.  How that formula written now is based on the Close of the bar, if you wanted to know the high or low then just change C to H or L.  The biggest advantage is to help see big swings or shakeouts, but you have to be careful becuase just becuase it is oversold or overbought does not mean it will keep running.  I'm pretty sure you and most others have seen what the indicator is suppose to look like in its orginal form.  Here's a picture.

Steinmeyer concept in his book 'Profit With Market Profile' thanks and I sent you a Private message on User Groups (upper right corner of platform of tc2000 I cannot find anything with Steinmeyer in the article most of the Profit with market profile comes back at Dr
 John Keppler - I was wanting to read how he applies to concept  Thanks

when i google

Steinmeyer's Value Chart Indicator I got much more Thanks

You may also want to look into Helweg and Stendahl who created the Value Charts.