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ADX + DI - plot as dots Rate this Topic:
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IsItPossible
Posted : Thursday, September 07, 2017 3:24:09 PM
Gold Customer Gold Customer

Joined: 7/7/2008
Posts: 102

How to plot this as dots for below conditions:

1. Green - ADX > 20 & DI+ > DI-

2. Yellow - ADX < 20

3. Red- ADX < 20 & DI+ < DI-

Bruce_L
Posted : Thursday, September 07, 2017 3:33:15 PM


Worden Trainer

Joined: 10/7/2004
Posts: 60,346

You would need to create three Custom PCF Indicators using the Dots Plot Style in the same pane and scale as each other in TC2000 v17.

Green:

IIF(ADX14.14 > 20 AND DIPLUS14 > DIMINUS14, ADX14.14, 1 / 0)

Yellow:

IIF(ADX14.14 < 20, ADX14.14, 1 / 0)

Red:

IIF(ADX14.14 > 20 AND DIPLUS14 < DIMINUS14, ADX14.14, 1 / 0)



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
IsItPossible
Posted : Thursday, September 07, 2017 3:36:15 PM
Gold Customer Gold Customer

Joined: 7/7/2008
Posts: 102

Thanks for quick turnaround but getting below error:

 

Error in formula

Argument missing near >

IsItPossible
Posted : Thursday, September 07, 2017 3:43:28 PM
Gold Customer Gold Customer

Joined: 7/7/2008
Posts: 102

Sorry, figured out, was using TC12, what do we need to change to make it work for TC12?

Bruce_L
Posted : Thursday, September 07, 2017 3:45:00 PM


Worden Trainer

Joined: 10/7/2004
Posts: 60,346

Are you using TC2000 v17? There isn't a way to do this in earlier versions of TC2000.

If you are using TC2000 v17, please try copying and pasting the formula into a text editor (such as Notepad and not a word processor like Word) and then copying and pasting from the text editor into the Formula window of the Custom PCF Indicator.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
IsItPossible
Posted : Thursday, September 07, 2017 3:56:14 PM
Gold Customer Gold Customer

Joined: 7/7/2008
Posts: 102

great it worked but how do we plot them in single horizontal line?

IsItPossible
Posted : Thursday, September 07, 2017 3:57:22 PM
Gold Customer Gold Customer

Joined: 7/7/2008
Posts: 102

It appears to follow ADX, it would be nice to plot them as a horizontal line with colored dots

IsItPossible
Posted : Thursday, September 07, 2017 3:58:28 PM
Gold Customer Gold Customer

Joined: 7/7/2008
Posts: 102

Ok, figured it out.

 

Thanks for your help :-)

Bruce_L
Posted : Thursday, September 07, 2017 3:59:20 PM


Worden Trainer

Joined: 10/7/2004
Posts: 60,346

I am happy to read you were able to figure it out on your own.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
bcochrane
Posted : Thursday, September 07, 2017 6:13:25 PM
Gold Customer Gold Customer

Joined: 9/17/2010
Posts: 312

When I tried Bruce's formulae,I found the resulting dots to be a bit wavy )and, unlike Uncle, who spends his time at Starbucks,I spend my time at the wine bar, so things look wavy enough at any time.

An alternate formulae (Custom PCF Indicator) are:

10X Long

1/ABS(ADX14.14>20 and DIMinus14<DIPlus14)

10X Short

1/ABS(ADX14.14>20 and DIMinus14>DIPlus14)

10X Neutral

1/ABS(ADX14.14<=20 or DIPlus14 = DIMinus14)

"Scaling on Center" results in a line in the panel.

A Conviction Dot can be done as
l*.999/ABS(V>1.4*AvgV20 and ADX14.14>20)

Modifying the variables as one sees fit (Here, I used 40% and over the past 20 bars.)

Vol Buzz is a neat, standard TC2000 way to see if the there is a volume pop today, during trading hours.

CountTrue(V>AvgV20*1.4,26)

as a watchlist column, with TimeFrame set to 30, will give a count of Volume Pops over the past two days (assuming after hours), how many Conviction dots there in 30 min periods.

Cheers

 

traderc
Posted : Thursday, September 07, 2017 9:44:07 PM
Gold Customer Gold Customer

Joined: 10/7/2004
Posts: 65

Using 10x long short and volume  conviction formulas from bcochrane you could make a histogram with red and green and ignor yellow for trending stocks.

bcochrane
Posted : Friday, September 08, 2017 9:04:14 AM
Gold Customer Gold Customer

Joined: 9/17/2010
Posts: 312

FWIW, i have a small panel with just the dots, and I put Conviction dots on the main price chart. I do have the "standard" ADX, DI plots as a panel,but I pin it so its there if I want it, but otherwise doesn't take up screen space

I can TCmail my chart if you are interested

isitabubble
Posted : Monday, September 11, 2017 4:28:08 AM
Platinum Customer Platinum Customer

Joined: 2/19/2014
Posts: 12

bcochrane

thanks for sharing

I'm interested to see how it looks like on your screen

thanks !

bcochrane
Posted : Monday, September 11, 2017 7:39:30 PM
Gold Customer Gold Customer

Joined: 9/17/2010
Posts: 312

Just tried this today and produces interesting results

I ran it against High Cap 1000, C> $5 and AvgV20>100,000 and C>AvgV50

Condition 1:  10X Long Weekly

Column PCF: ADX14.14>20 and DIPlus14>DIMinus14 AND Not (ADX14.14.1>20 and DIPlus14.1>DIMinus14.1) and C>MaxC5.1

                Looks for Daily 10X condition to fire and for Today&rsquo;s C to be a new 5 day high

                This Column PCF could also be a Condition in the Scan

Column: I put Vol Buzz in a column, should show if there is Conviction today

It looks for stocks in a long or medium term uptrend as measured by 10X Weekly, small pull back and off and running again

Today&rsquo;s candidates with Vol Buzz over 40%

ALL

BIP

CCK

TFX

Haven&rsquo;t tested it, so use with caution

diceman
Posted : Monday, September 11, 2017 8:07:03 PM
Gold Customer Gold Customer

Joined: 1/28/2005
Posts: 6,029

Why is it called 10X long?

 

bcochrane
Posted : Monday, September 11, 2017 8:18:14 PM
Gold Customer Gold Customer

Joined: 9/17/2010
Posts: 312

I have its counterpart for stocks to Short :-)

bcochrane
Posted : Tuesday, September 12, 2017 7:48:17 AM
Gold Customer Gold Customer

Joined: 9/17/2010
Posts: 312

Sorry, Diceman, I was a little slow off the mark on your question.

10X is the name given by John Carter to a set of indicators, supposedly because they can lead to 10 baggers when trading options.

diceman
Posted : Tuesday, September 12, 2017 9:20:15 AM
Gold Customer Gold Customer

Joined: 1/28/2005
Posts: 6,029

Probably so he can sell them in the 10X Indicator Package. :)

 

 

 

Thanks

 

bcochrane
Posted : Tuesday, September 12, 2017 9:41:03 AM
Gold Customer Gold Customer

Joined: 9/17/2010
Posts: 312

Yup

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