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For TeleChart Users who are interested in backtesting trading strategies using TC-Companion. This forum will discuss specific details of TCC as well as general issues of developing effective trading strategies using Technical Analysis that can be implemented in the stockmarket. You can also find more information about TC-Companion at www.Traids.com
No, not according to a discussion at http://www.elitetrader.com/vb/showthread.php?threadid=181368 This is not "Percentage" which is what you described, but
Wouldn't simply be (((maximum close - minimum close) * .2) added to the minimum close). PCF would be (((maxc15 - minc15) * .2) + minc15) Value in your example
Say I want today's close to be <= to the 20 percentile of the last 15 days(.2*15=3). As an example, the last 15 days of DE are: 11/30/2009: 53.51 12/1/2009: