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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 12/18 » Moving average formula problems in version 16

Moving average formula problems in version 16 Rate this Topic:
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walkkenn
Posted : Monday, December 28, 2015 1:33:33 PM
Gold Customer Gold Customer

Joined: 1/24/2005
Posts: 5

Hi,

avgc50>= avgc20*.99 and avgc50<= avgc20*1.01
 

I am using this formula to look from convergence.  I works perfectly on Daily timeframe but doesn't work at all on a intraday timeframe.  For instance, when scanning the SP500 on a Daily timeframe I get 153 stocks, when I use it on a 5 minute timeframe I get 499 stocks.

This is a slight variation of the formulas used in the last training video.

Can anyone tell what is wrong?
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StockGuy
Posted : Monday, December 28, 2015 1:42:15 PM

Administration

Joined: 9/30/2004
Posts: 9,187

 I don't think there is anythnig wrong with the formula. If you view the stocks that pass in the 5-minute time frame, the 50 MA is within +-1% of the 20 MA.
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diceman
Posted : Monday, December 28, 2015 8:53:25 PM
Registered User
Joined: 1/28/2005
Posts: 6,049

Maybe the +/- 1% is too large for a 5min timeframe?

 

 

 

Thanks

 

 
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