Hi

Can i please request help with PCFs for the following condition based on the TC2000 built-in indicator for Volatility Stop:

- Price is within 5% of the Upper Volatility Stop 

and same for lower volatility stop:

- Price is within 5% of the Lower Volatility Stop

These are the settings for the volatility stop that i need to use:
True range period: 20
True Range Multiplier: 3.01

Screenshot attached below. 
For anyone interested. Vol stops are very good at predicting turning points for price. Very helpful

Much appreciated.

Thanks

I do not know of any way to create Personal Criteria Formulas based on Volatility Stop.

You can check for price to be above or below the volatility stop to check if an upper or lower band is being drawn currently by clicking on the indicator and selecting Create Scan Condition.

You can also add 1-period envelope channels to price or the volatility stop with the Width (%) setting set to how close things need to be and then check for things being inside the bands by clicking on them and selecting Create Scan Condition.

You could combine the conditions by adding them to the same EasyScan.

Hey Bruce. So ive tried to use your idea for the 1-period envelope channels - ive created a new scan condition but how can i check for things being inside the bands? im guessing i have to use the Price History vs Envelope Channel tab and then select the "Channel Position Range"?

If yes then should i set both markers on the range to the Zero centerpoint to cover everything within the envelope channels?

thanks

Nevermind. figured it out. the range should be from -100 to +100 on the range selector to cover the envelope channel. By the way, using the envelope channel as a solution was ingenious Bruce! saves a lot of work on similar conditions that i was working on. 

I am happy to read you were able to figure it out on your own.