| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 10/3/2005
Posts: 6
|
Hi,
how do I setup telechart to workout stock volatility for a particular stock?
Thanks,
Jay
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 4,308
|
There is a sort criterion called Volatility, and it can be used to rank any watchlist of stocks. Here is the definition from the Help file:
Volatility
(Relative Volatility) This is a measure of the propensity of a stock’s share price to fluctuate widely. The stock’s past changes in share price whether up or down, are compared with price changes in all stocks. This indicator is calculated as follows: The stock’s weekly percentage rise over the last 13 weeks is summed and averaged. The stock’s finial volatility is found by dividing its average of 13-week movements by the median value for all stocks.
What is it you want to see for a specific stock?
- Doug
Teaching Online!
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
I often plot a form of volatility on my chart. Try this:
Right click on the middle or bottom window of the chart and choose ADD INDICATOR|CUSTOM INDICATOR.
Set the period as high or low as you like (you will need to play with this to fit your analysis/trading style) and pick either simple or exponential (I like exp in this case).
In the formula window plot:
(MAXH10-MINL10)/(AVGH10-AVGL10)*100
Take a look at the indicator and see what you think. Again, play with the period setting until it looks "right" to you.
I like to sort by this indicator as well. Check out these videos on sorting indicators:
Sort by indicator or price movement using Visual Change sorts
Sort by Visual Value to find new highs and lows in price and indicators
I use the criterion Doug mentions to scan for volatility in my EasyScans.
- Craig
Here to Help!
|
|
Registered User
Joined: 10/3/2005
Posts: 6
|
hi guys, thanks for the response  . I'm trying to workout my stops as recommended by Van Tharp. Hr talks about using volatility to workout where your stop should be, the idea being that you place your stop just outside of the volatility or noise so you dont get stopped out prematurely (let me know if I've got this all wrong, still new  )
I saw that tcscan has something like this inbuilt, I want to do the same thing with telechart.
Your comments and suggestions are most welcome.
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
This sounds like some sort of specific indicator that is plotted on the chart (and it sounds like it is plotted on the price chart).
Can you find more specifics?
"the volatility" can be many things in technical analysis. Doug and I gave you a few volatility indicators and criteria in our replies above.
- Craig
Here to Help!
|
|
Registered User
Joined: 10/7/2004
Posts: 794
|
StockVolatility is the daily change of the stock over the last month, averaged, expressed as a percentage.
Bulkowski calculates the high-low difference of the stock or market index ( the S&P 500 index) each day for 22 trading days (about a month), averages it, and divides it by the most recent close.
Is there an easier way to do this rather than (( H-L+ H1-L1+H2-L2......H22-L22)/22)/C
Thank you in advance!
|
|
Registered User
Joined: 1/28/2005
Posts: 6,049
|
The average will give you the same value as doing each bar separately:
(AVGH22-AVGL22)/C*100
Thanks
|
|
Registered User
Joined: 10/7/2004
Posts: 794
|
Doing it the long way for GOOGL comes out to 0.02 ann doing it via your recommendation results 1.70
Why the difference?
long way {STK VOLATILITY} (( H - L + H1 - L1 + H2 - L2 + H3 - L3 + H4 - L4 + H5 - L5 + H6 - L6 + H7 - L7 + H8 - L8 + H9 - L9 + H10 - L10 + H11 - L11 + H12 - L12 + H13 - L13 + H14 - L14 + H15 - L15 + H16 - L16 + H17 - L17 + H18 - L18 + H19 - L19 + H20 - L20 + H21 - L21 + H22 - L22) / 23) / C
|
|
Registered User
Joined: 1/28/2005
Posts: 6,049
|
You dont have the *100 so its rounding .017 up to .02.
Thanks
|
|
Registered User
Joined: 10/7/2004
Posts: 794
|
It's the opposite long way =0.02
Doing it the long way for GOOGL comes out to 0.02 ann doing it via your recommendation results 1.70
Why the difference?
long way {STK VOLATILITY} (( H - L + H1 - L1 + H2 - L2 + H3 - L3 + H4 - L4 + H5 - L5 + H6 - L6 + H7 - L7 + H8 - L8 + H9 - L9 + H10 - L10 + H11 - L11 + H12 - L12 + H13 - L13 + H14 - L14 + H15 - L15 + H16 - L16 + H17 - L17 + H18 - L18 + H19 - L19 + H20 - L20 + H21 - L21 + H22 - L22) / 23) / C
Your formula multiplies by 100 and =1.70
(STKVOLATILITY) (AVGH22 - AVGL22) / C * 100 =1.70
|
|
Registered User
Joined: 1/28/2005
Posts: 6,049
|
QUOTE (Quiktdr)
It's the opposite long way =0.02
Doing it the long way for GOOGL comes out to 0.02 ann doing it via your recommendation results 1.70
Why the difference?
Like I said above its the rounding.
Both are the same if you add *100 to yours it will show 1,7
if you remove the *100 from mine it will show as .02.
Thanks
|
|
|
Guest-1 |