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Profile: Tradarr8
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User Name: Tradarr8
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Joined: Tuesday, September 27, 2016
Last Visit: Wednesday, January 9, 2019 12:27:58 AM
Number of Posts: 2
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Topic: Request PCF Formula Pattern PIN BAR
Posted: Tuesday, September 27, 2016 11:31:31 PM

Thanks! Bruce.
Topic: Request PCF Formula Pattern PIN BAR
Posted: Tuesday, September 27, 2016 1:22:34 AM

QUOTE (Bruce_L)

If you just want a pin bar without worrying about its location or size.

5 * ABS(O - C) <= O - L AND 5 * ABS(O - C) <= C - L AND 2 * O + 2 * C > 3 * H + L

If the bar needs to be above average and at the bottom of a downtrend (of 6 bars or more).

5 * ABS(O - C) <= O - L AND 5 * ABS(O - C) <= C - L AND 2 * O + 2 * C > 3 * H + L AND H - L > AVGH6 - AVGL6 AND L = MINL6 AND 5 * (C - C5) + 3 * (C1 - C4) + C2 < C3 AND AVGC3 < AVGC3.3

 

Bruce , Can you provide pcf for inverse/bearish pinbars for both formulaes ?  Thanks