Registered User
Joined: 10/7/2004
Posts: 131
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I have been using the following formula for Negative CMS divergence with very good results. However when the formula is altered for Positive CMS divergence it comes up with no stocks. I am not sure If I created this formula or is included in TC 2000 when you receive it ?
Negative CMS divergence formula, This one seems to work
(MS < (MAX(MS,8))) AND (C > MINC8)
This is the formula I have been using for Positive CMS divergence but it comes up with no stocks. Is the formula correct formula ?
(MS > (MAX(MS,8))) AND (C < MINC8)
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I'm pretty sure the original did not come with TeleChart when you received it. It just checks to make sure MS isn't at its highest value for the last 8-Periods and that the closing Price isn't at its lowest value for the last 8-Periods. You could reverse the original formula as follows:
MS > MIN(MS,8) AND C < MAXC8
You may wish to review the following:
Dealing with OBV & MS in PCF's - how to interp their "values"
How to create a Personal Criteria Forumula (PCF)
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 131
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I have one further question, I wondered if my original formula is correct since you show the inverse of my formula with ((()))) symbols changed or left out. Is my original formula correct or should the (())) symbols be changed or left out as they are in the formula you created. Thanks again
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You can write it either way. The parentheses are unnecessary but they don't hurt anything. There is some evidence that they might even reduce the time it takes to calculate the formula (although the effect would be minimal in any case with only a few parentheses):
Computation Time for Parentheses
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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