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Registered User
Joined: 2/21/2005
Posts: 24
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i am trying to look at performance of certain setups...if I have a percent true indicator, is there a way to write it so that it says the criteria are true AND over the next 3 days (for example) from the time it was true, the price moved x%? I see how to look for price change going backwards, but not forwards...make sense?
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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It might be easier to start with the required percent change then ask that the setup occured before the move.
Here is an example for you to try or adapt to your setup PCF
Required percent change: up 10%+ in three days
Setup: C>AVGC200 AND C1<AVGC200 AND C>O
Try this as a Percent True:
(C-C3)/C3>=.1 AND C3>AVGC200.3 AND C4<AVGC200.4 AND C3>O3
See the idea? You require the change first THEN require the setup. Your indicator will spike everytime the stock was up more than 10% in three days and the setup occured three days ago.
- Craig
Here to Help!
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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You would have to modify the existing portion of your Percent True indicator using Days Ago Parameters to look for that condition to have been met 3 days ago. Then you would need to add:
AND ABS((C-C3)/C3)*100)>=X (X being the percentage move you're interested in)
- Doug
Teaching Online!
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Registered User
Joined: 2/21/2005
Posts: 24
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thanks for both response...I am going to tinker with your suggestions now...I was about to write a more specific example: An outside reversal day occurs and the % change over the next 3 days > 5% - I'd like to maunally go through a list of stocks and see if and how many times this happened. I think your ex Craig is what I'm trying to do.
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Registered User
Joined: 2/21/2005
Posts: 24
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beautiful...thanks guys
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Glad you are having fun with it.
- Craig
Here to Help!
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