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Gold Customer
Joined: 3/20/2006 Posts: 161
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I understand how to create a scan condition for showing Chaikin MF crossing up through zero or Chaikin MF being above zero, but how do I show Chaikin MF being positive(over 0) for at least 5 days?
Thanks
Ed Page
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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One way would be to add 5-period Donchian Channels to the Chaikin Money Flow indicator. If you want to include the current bar set the Offset to 0. If you want to exclude the current bar set the Offset to 1.
How to add an indicator to a chart template
How to edit an Indicator
You can then click on the Donchian Channels and select Create Scan Condition to create a condition for Chan Bottom - Greater Than: 0.
Create Conditions from Your Chart (5:25)
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 4/1/2011 Posts: 90
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Bruce,
is it posible to do a signal line on CMF (3 period)? if so, how would you write a PCF for it?
Thanks in advance
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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What specifically are you trying to do. I'm assuming this signal line is a moving average? If so, what is its period (I'm assuming the period of the CMF is 3) and what sort of interaction are we checking for with the CMF?
((2 * C - L - H) / (H3 - L3 - (H = L)) * V + (2 * C1 - L1 - H1) / (H1 - L1 - (H1 - L1)) * V1 + (2 * C2 - L2 - H2) / (H2 - L2 - (H2 = L2)) * V2) / (AVGV3 * 3)
-Bruce Personal Criteria Formulas TC2000 Support Articles
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