 Gold Customer
Joined: 10/7/2004
Posts: 50
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The standard parameters are .2, .2, but I like .1, .2 better. I plot both of them on my charts. I have found that there are times when the values coincide or are very close.
Bruce, can you help me by writing a scan to determine when they coincide? And/or when they are close?
Many thanks, GLMUS.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I do not know of a way to reproduce Parabolic SAR in a formula
About the best you can do is add a 1-period envelope channel to one of the PSAR indicator with the Width(%) set to something arbitrarily small enough to "coincide" or be "close" to each other.
Then you could click on the envelope channels and select Create Condition to create a Channel Position Range condition checking for the other PSAR indicator being within the channel by setting the rangefinder to -100 to +100.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/12/2018
Posts: 2
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Hi Bruce:
Could you please explain how PSAR is different from Volatility Stop?
They appear similar on the chart. Thanks.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You may wish to review the following topic.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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