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Registered User
Joined: 2/7/2005
Posts: 6
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Hi
I am trying to figure out how to write a formula to show that today's gap up is more than 40% of yesterday range. Any help would be greatly appreciated.
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Administration
Joined: 9/30/2004
Posts: 9,187
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(L-H1) / (H1-L1) > .4
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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StockGuy's formula defines the gap as between the high of the previous bar and the low of the current bar.
You could use the following insted if you wanted to use the close of the previous bar and the open of the current bar.
O - C1 > .4 * (H1 - L1)
Or the high of the previous bar and the open of the current bar.
O - H1 > .4 * (H1 - L1)
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 2/7/2005
Posts: 6
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many thanks to stock guy and Bruce for their help.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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