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Registered User
Joined: 2/18/2005
Posts: 2
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I am new to TC2000 and have been trying to write the formulas for the above mentioned indicators. There are 2 indicators that make up this particular indicator. The first is "Bull Power" and the second is "Bear Power." The formula I have for Bull Power is:Price high of the today-EMA. The formula for Bear Power is:Price low of the today-EMA. I would like to use an 11 day EMA. Any help that I receive would be much appreciated.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I need more information about the indicator. Let me see what I can find. If have any more, please share it here.
- Craig
Here to Help!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Here is what I found:
QUOTEDr Elder uses a 13-day exponential moving average (EMA) to indicate the market consensus of value. Bull Power measures the ability of buyers to drive prices above the consensus of value. Bear Power reflects the ability of sellers to drive prices below the average consensus of value.
Bull Power is calculated by subtracting the 13-day EMA from the day's High. Bear power subtracts the 13-day EMA from the day's Low.
Plot a 11 period exponential moving average on price
The Bull and Bear are two seperate custom indicators. Both should have the Center Line option checked:
Bull: H-XAVGC11
Bear: L-XAVGC11
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 5
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Any way we can make a cutom formula such as Dr. Elder's Elder Ray into a histogam?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Custom Indicators plot as Indicator Lines and there is not currently a way to change this plot to a Histogram.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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 Gold Customer
Joined: 1/22/2005
Posts: 73
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Hello Craig,
I have been to Elder's seminars and he writes an impulse system. Is there a way to write it into a formula from the TC2005 platform?
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Check out this link. It may have what you're looking for.
PCF for Elder Impulse System
- Doug
Teaching Online!
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Registered User
Joined: 10/7/2004
Posts: 5
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As regards Dr. Elders "Elder Ray," I'm trying to write a PCF that will find stocks that show the Bull Power (H-XAVGC11) above the "zero" line and rising. And then a second PCF that will show Bear Power (L-XAVGC11) below the "zero" line and falling.
How does one tell the formula you are looking for a center line?
Thanks.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Watch this video to learn how to plot these (or any custom indicators).
Plotting Custom Indicators with Examples
You can also use either as a PCF to scan for.... you can use the range selector to limit their values above or below zero.
How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 5
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Thanks, but those videos (I've seen them some time ago), do not answer my question.
I'm aware that I can create a custom indicator based on my formula and include a "center zero line" option that will force the results above or below the zero line.
What I am looking for is to create a PCF that will look for that formula and "include the condition" of it being above or below the center zero line.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Reviewing the 2nd and 3rd items Craig mentioned in his Wednesday, December 28, 2005 11:35:44 PM and following his instructions to just use the Personal Criteria Formulas you already provided and adjust the Rangefinder in the EasyScan to limit the ranges to either above or below zero would "include the condition" of it being above or below the center zero line in the EasyScan. However, if you wish the conditions to be part of the PCFs instead, you may wish to try the following Boolean PCFs:
Bull Power Above Zero and Rising:
H - XAVGC11 > 0 AND H - XAVGC11 > H1 - XAVGC11.1
Bear Power Below Zero and Falling:
L - XAVGC11 < 0 AND L - XAVGC11 < L1 - XAVGC11.1
You may also wish to review the following in addition to the items Craig already mentioned:
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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The formula language used to plot custom indicators is the same syntax for the PCF language.
- Craig
Here to Help!
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