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Registered User
Joined: 2/28/2005
Posts: 825
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In SF5 I would like to be able to look at a chart and have something tell me the distance price is above or below the 50dsma. Can you explain how to do that step by step or share a chart please.
TIA
art
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Registered User
Joined: 10/7/2004
Posts: 886
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Just click on the price history, drag it, and drop it on the moving average.
Select Plot Comparison -> Difference.
Bob
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Registered User
Joined: 2/28/2005
Posts: 825
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That's slick bobre1. Thank you very much. So that number on the right is in percentage? I assume so. So then, I dragged it up to the watchlist and selected data column. There is also a selection which says percentage change. What is that number showing I wonder?
thanks again
Art
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Registered User
Joined: 10/7/2004
Posts: 886
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You're welcome Art.
If you select Plot Comparison -> Difference, the scale indicates actualy dollars above and below the moving average.
If you select Plot Comparison -> Ratio, the number is just that, a ratio. So if the value was 1.04, then price would be 1.04 times the moving average value. This is basically a percentage; it indicates that price is 4% higher than the moving average value.
Bob
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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alindsley,
It is just displaying Price History minus its Moving Average. This is not a Percent Difference. To get a Percent Difference, you would need to take that result and divide it by the Moving Average (and then multiply it by 100 to get this displayed as a %).
So Drag and Drop the Difference Plot onto the Moving Average and select Plot Comparison | Ratio. Then left-click on the Scale for the Ratio and select Edit and add a % sign to the right of the 0.00 in the Number Format.
If you use it as a WatchList Column, you would need to change it to a % as well by right-clicking on the WatchList Column Header and selecting Properties so you can adjust the Number Format to add the % sign to the right of the 0.00.
-Bruce
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TC2000 Support Articles
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Registered User
Joined: 2/28/2005
Posts: 825
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Got it Bruce. Thanks loads for the xtra help. Twix U & bobre I'm set to go on this.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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alindsley,
You're welcome. Our pleasure.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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