I would like to implement the following indicator formula on my tc2000 platform:

Momentum of Comparative Strength (MoCS)

 MoCScombines relative strength (RS) and the MACD indicator.
 MoCS replaces the closing prices used in the traditional MACD formula with a RS calculation.

The formula for MoCS is:

MoCS = (12-period EMA of (Stock/S&P 500)) - (26-period EMA (Stock/S&P 500))

Where:

-- EMA represents an exponential moving average

-- Stock represents the closing price of the stock or ETF being studied

-- S&P 500 represents the closing price of the S&P 500 index

Thanks

I cannot think of a practical automated method of doing so in either verison of TC2000 as the Personal Criteria Formula Language does not have syntax for referencing other symbols.

Bruce,

Thanks for your quick response.

OG

Bruce,

How about a Stockfinder implementation with user defined periods?

Thanks

Regards

BobMc

Please try the following RealCode Indicator:

'|******************************************************************
'|*** StockFinder RealCode Indicator - Version 5.0 www.worden.com 
'|*** Copy and paste this header and code into StockFinder *********
'|*** Indicator:Momentum of Comparative Strength
'|******************************************************************
'# Cumulative
'# ShortPeriod = UserInput.Single = 12
'# LongPeriod = UserInput.Single = 26
Static Comparison As PriceScripting
Static EMA(1) As Double
Static termRatio(1) As Double
Static sumWeight(1) As Double
If isFirstBar Then
	Comparison = PriceData("SP-500")
	EMA(0) = 0
	EMA(1) = 0
	termRatio(0) = (ShortPeriod - 1) / (ShortPeriod + 1)
	termRatio(1) = (LongPeriod - 1) / (LongPeriod + 1)
	sumWeight(0) = 1
	sumWeight(1) = 1
End If
Dim ratio As Double = Price.Last / Comparison.Last
For i As Integer = 0 To 1
	Dim weight As Double = 1 / sumWeight(i)
	EMA(i) = EMA(i) * (1 - weight) + weight * ratio
	sumWeight(i) = sumWeight(i) * termRatio(i) + 1
Next
Plot = EMA(0) - EMA(1)

I am relatively new to tc2000, could you please show me where I need to paste this code. Thanks BobMc, thanks again Bruce.

Thanks Bruce

Regards

Bob Mc

odgarcia,
The RealCode was a response to BobMc's question about implementing the indicator in StockFinder. The RealCode will not work in TC2000.

Thanks Bruce, one last questions: If I upgraded my Gold account to Platinum, would I then have access to Stockfinder?

No, you would need to get a separate StockFinder subscription.

Thanks

OG

You're welcome.