All it is, is the formula from Steinmeyers Value Chart Indicator, the book is floating around online if you search for it.  How that formula written now is based on the Close of the bar, if you wanted to know the high or low then just change C to H or L.  The biggest advantage is to help see big swings or shakeouts, but you have to be careful becuase just becuase it is oversold or overbought does not mean it will keep running.  I'm pretty sure you and most others have seen what the indicator is suppose to look like in its orginal form.  Here's a picture.

I figured it out, for anyone else looking for this it is as follows:

((V-V1)/(V1))*100

This is for a one day period to change it to a 5 day for example just replace the V1's with V5's.

What is TC2000's "Volume Rate of Change %" PCF.  I want to make a condition using the formula for just 1 period not 50 like it is set at default.  Thanks

Percent up or precent down, versus just the acutal volume number.  Like 1% up or 1% down, if that makes sense.  Thanks

So how would you convert this formula to a percent form?

ABS(C <> C1) * V * (C - C1 + .01) / ((H - L + ABS(H - C1) + ABS(C1 - L)) / 2 + .01)

Thats works.  I didn&#39;t think about changing the values in the indicator itself.  Thank you

I also thought it might be possible to use a .1 or ,1 after the formula but it does not work like a normal indicator that is allready programed into TC2000.  So, for example:

(C-((((H+L)/2)+((H1+L1)/2)+((H2+L2)/2)+((H3+L3)/2)+((H4+L4)/2)))/5)/((((H-L)+(H1-L1)+(H2-L2)+(H3-L3)+(H4-L4))/5)*0.20).1

OR

((C-((((H+L)/2)+((H1+L1)/2)+((H2+L2)/2)+((H3+L3)/2)+((H4+L4)/2)))/5)/((((H-L)+(H1-L1)+(H2-L2)+(H3-L3)+(H4-L4))/5)*0.20).1)

Both of these ways show errors so I&#39;m not sure what to do or try next.

I created a custom indicator which is the value chart indicator which follows:

(C-((((H+L)/2)+((H1+L1)/2)+((H2+L2)/2)+((H3+L3)/2)+((H4+L4)/2)))/5)/((((H-L)+(H1-L1)+(H2-L2)+(H3-L3)+(H4-L4))/5)*0.20)

It is based on the Steinmeyer concept in his book &#39;Profit With Market Profile&#39;.  It pretty much returns values from 8 to -8 depending on if they are oversold or overbought.

My question is I want to create a scan that finds a value of -6 for the previous day and then finds today value greater then -6.  Pretty much a scan that looks for a drop in price then a recover.  How would that be written, if it is even possible.

Thank you if anyone could help.