Download software Tutorial videos
Subscription & data-feed pricing Class schedule


New account application Trading resources
Margin rates Stock & option commissions

Attention: Discussion forums are read-only for extended maintenance until further notice.
Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Indicator Computed from Price Data of Two Symbols Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
bephipps
Posted : Thursday, January 9, 2014 7:04:08 PM
Registered User
Joined: 3/22/2009
Posts: 16

I am interested in creating an indicator using the price data from two symbols.  Specifically, I would like to compair the rate of change (ROC) of a stock symbol to that of the SP-500.  Can this be done? If so, how does on access the price data from another symbol?

Calcualte the ROC of the Stock: ROC1

Calculate the ROC of  SP-500: ROC2

New indicator = ROC1/ROC2

Bruce_L
Posted : Friday, January 10, 2014 1:19:54 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

About the closest thing you can do is a add a Relative Strength (RS) indicator to the chart, set the Symbol of the RS indicator to SP-500 and add a Rate of Change Percent indicator to the RS indicator.

You will need to have TC2000 version 12.4 to add the ROC% indicator to the RS indicator. If you are still running TC2000 version 12.3, you can run and install TC2000 version 12.4 at the following website.

http://www.tc2000.com/

To add the ROC% indicator to RS, add both the Relative Strength indicator and the Rate of Change Percent indicator to the chart as normal. Then click on the Rate of Change Percent indicator and select Change Data Source to set it to use the Relative Strength indicator instead of Price History.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.