Hi

Can a trainer please help in the writing of a Key Reversal Bar indicator.

When a bar closes above the close of the prior bar and it's low has not pierced the close of that prior bar, i would like TC to highlight that prior bar on my chart. I would also like it to do that for key reversal bars where the following bar closes < the prior bar.

Is this possible and if so can yo uplease help. I have searched the forums for related previous post and not found anything to help.

Thank in advance

Chris

To Clarify, i would like TC to highlight every bar that meets that criteria, which of course would highlight bars found in the course of a price swing.

Thank you.

A Condition Formula for the bar closing above the close of the prior bar with the low at or above the close of the prior bar can be written as follows.

C > C1 AND L >= C1

The reverse of this would be as follows.

C < C1 AND H <= C1

A Condition Formula where the previous bar met the above conditions but the current bar closes below the low of the previous bar can be written as follows.

C < L1 AND C1 > C2 AND L1 >= C2

The reverse of this would be as follows.

C > H1 AND C1 < C2 AND H2 <= C2

You can't change the colors of the bars based on the results of a Condition Formula. You could plot a Dot at say the previous close using the first Condition Formula by using the following Formula in a Custom PCF Indicator with the Plot Style set to Dot.

C1 / ABS(C > C1 AND L >= C1)

A dot for the reverse direction would use the following Formula in the Custom PCF Indicator.

C1 / ABS(C < C1 AND H <= C1)

And you could use the following Formula in a Custom PCF Indicator with the Plot Style set to Dot to plot a dot at the low of the previous bar when the second Condition Formula is true.

L1 / ABS(C < L1 AND C1 > C2 AND L1 >= C2)

A dot for the reverse direction would use the following Formula in the Custom PCF Indicator.

H1 / ABS(C > H1 AND C1 < C2 AND H1 <= C2)

Hi Bruce

Thank you for your prompt, complete and extremely helpful response.

You really are a star and a huge asset to TC.

Cheers

Chris

How do I create and apply this?

I would like to highlight a bar if it meets the following criteria:

Bullish:  Highlight with a green dot below any bar that Has a lower low than the previous bar and Opens and Closes in the top 1/2 of the current bar. Or can open in the Bottom 1/2 and close in the Top 1/2 of current bar. Color of bar is not important as long as it closes in the Top 1/2..

Bearish:  Highlight with a red dot above any bar that Has a higher high than the previous bar and Opens and Closes in the lower 1/2 of the current bar. Or can open in the Top 1/2 and close in the Lower 1/2 of current bar. Color of bar is not important as long as it closes in the Lower 1/2..

https://www.screencast.com/t/MERJygPJkHA5  (screenshot)

I am new to TC2000 so I am having a difficult time figuring out to create and apply any custom indicators.

Thanks in advance

Please try ovelaying the following Custom PC Indicator in the same pane and scale as price using the Dot Plot style set to green for your bullish dots.

IIF(L < L1 AND H > L AND STOC1 >= 50, L, 1 / 0)

Please try overlaying the following Custom PC Indicator in the same pane and scale as price using the Dot Plot style set to red for your bearish dots.

IIF(H > H1 AND H > L AND STOC1 <= 50, H, 1 / 0)