New version 18 available now


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


New account application Trading resources
Margin rates Stock & option commissions

Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

sideways an oscillations Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
0002ct
Posted : Tuesday, December 04, 2018 2:22:29 PM
Gold Customer Gold Customer

Joined: 11/19/2015
Posts: 439

Hello. 
I'm looking for a new suggestions for identifying non-trending tickers and then a way to rank that non-trendiness by some function. 

Is ADX the best way to measure for this? 

For me, "non-trendiness" does not mean that a channel has to be tight. A channel can be wide over a period of time, and price can go all over place. 

Idea: Is there a way to set a linear regression slopline channel? This way, I could say that there would be very little slope over some interval, but that price would bounce around inside of it...

Thank you very much.

Bruce_L
Posted : Tuesday, December 04, 2018 2:42:42 PM


Worden Trainer

Joined: 10/7/2004
Posts: 64,321

We can't actually recommend specific indicators or settings.

That said, checking for ADX being low should be a good way to check for not being in a trend.

There are all sorts of way you could write some sort of normalized linear regression slope formula.

But one of the simplest might be something like the following:

100 * (FAVGC50 / AVGC50 - 1)

The above is directional, but you could make it non-directional using the absolute value function.

100 * ABS(FAVGC50 / AVGC50 - 1)

As far as actually making a channel and making sure price stayed inside, that would probably result in a pretty complicated formula.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
0002ct
Posted : Tuesday, December 04, 2018 3:37:50 PM
Gold Customer Gold Customer

Joined: 11/19/2015
Posts: 439

Hi, Bruce. Thank you very much for offering ideas around the problem. This is very helpful.

 

Bruce_L
Posted : Tuesday, December 04, 2018 3:41:03 PM


Worden Trainer

Joined: 10/7/2004
Posts: 64,321

You're welcome.



-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.