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Registered User
Joined: 6/28/2007
Posts: 18
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Hi Bruce,
I am thinking about signing up for a platinum version but it depends a bit if TC2000 can perform this scan that i would use in my intraday strategy,
It is as followed:
Low of the prior candle (bar chart) higher than low of the prior candle (Heikin Ashi) . It would need to be possible to scan when ever a new candle appears ideally but not mandatory with an alarm.
Thanks
Jester
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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This can be done with a fairly simple Condition Formula.
4 * L1 > XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2
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-Bruce
Personal Criteria Formulas
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Registered User
Joined: 6/28/2007
Posts: 18
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Awesome, so I assume that the other scenario where the high of the prior candle (barchart) would be lower than the high of the prior candle (Heikin Ashi) would be
4*H1 < XAVGO3.2 + XAVGH3.2+XAVGL3.2+XAVGC3.2
COrrect?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Exactly.
-Bruce
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 Gold Customer
Joined: 3/26/2006
Posts: 223
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Hi Jester73,
Setting an alarm to your system could make a lot of noise!
But both PCF formula are quite interesting in intraday and only useful in their specific major trend. I have set both formula on SPY or DIA chart, one red and one blue, as well as five red columns for D, H and 15, 5 and 1 minutes and five blue columns for D, H and 15, 5 and 1 minutes to the SPY or DIA components list. Managing this system for SPY or DIA and their respective components (looking in a major trend for major reversals from minor pullbacks) is quite instructive and has to be tested.
Probably the red formula will be more useful than the blue in the coming months. Great idea anyway.
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Registered User
Joined: 6/28/2007
Posts: 18
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Hi Bruce,
not sure what happend but whereas the first formula gives me the right results (4 * L1 > XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + VAVGC3.2) the second formula (bearish version) does not.
Remember I have proposed the formula but might have made something wrong. So what I need is your bullish proposal just as a bearish verson. The high of a bar chart of previous candle lower than the high of the previous HA candle
Cheers
Jester
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Can you provide some specific examples? I have not been able to find instances where it does not work.
-Bruce
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Registered User
Joined: 6/28/2007
Posts: 18
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Sorry Bruce,
as always .....the computer is only as good as the one who uses it : - ) My mistake, it works!
Cheers Jester
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I am happy to read it works for you as well.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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