| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 7/18/2005
Posts: 156
|
Hello!
Here's what I tried:
Price - Line Chart; Drawing Color Grey
. . . . Linear Regression - 10 bar period
Balance of Power - uncheck Visible
. . . . Linear Regression - 10 bar period
Positive Divergence
. . .BOP Linear Regression Line trending upward from left to right
. . .Price Linear Regression line trending downward from left to right
BOP>=(MAX(BOP,10))AND(C<=MINC10)
Negative Divergence
. . .BOP Linear Regression Line trending downward from left to right
. . .Price Linear Regression line trending upward from left to right
BOP<=(MIN(BOP,10))AND(C>=MAXC10)
I tried these with "All Stocks". The "True" returns in both instances were not all positive or negative. For Positive some of the returns seemed to be negative and vice versa.
Are the PCF's correct?
Thanks
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
First, I'd like to point out the following videos:
Sorting for BOP
Using Linear Regression Sorts to Help Spot Divergences
I'm not sure if it is the best option, but if you would prefer to use Linear Regression Slope based Boolean Personal Criteria Formulas (to match your described chart), try the following:
Positive LR Divergence:
4.5 * BOP1.0 + 3.5 * BOP1.1 + 2.5 * BOP1.2 + 1.5 * BOP1.3 + 0.5 * BOP1.4 - 0.5 * BOP1.5 - 1.5 * BOP1.6 - 2.5 * BOP1.7 - 3.5 * BOP1.8 - 4.5 * BOP1.9 > 0 AND 4.5 * C + 3.5 * C1 + 2.5 * C2 + 1.5 * C3 + 0.5 * C4 - 0.5 * C5 - 1.5 * C6 - 2.5 * C7 - 3.5 * C8 - 4.5 * C9 < 0
Negative LR Divergence:
4.5 * BOP1.0 + 3.5 * BOP1.1 + 2.5 * BOP1.2 + 1.5 * BOP1.3 + 0.5 * BOP1.4 - 0.5 * BOP1.5 - 1.5 * BOP1.6 - 2.5 * BOP1.7 - 3.5 * BOP1.8 - 4.5 * BOP1.9 < 0 AND 4.5 * C + 3.5 * C1 + 2.5 * C2 + 1.5 * C3 + 0.5 * C4 - 0.5 * C5 - 1.5 * C6 - 2.5 * C7 - 3.5 * C8 - 4.5 * C9 > 0
More details on Linear Regression calculations can be found in the following topic:
Using Linear Regression vs Classical Peaks/Valleys for Divergence Analysis
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
Try this for me:
BOP15
Create the PCF and call it BOP 15-day.
Now create an EasyScan called Down 1-Month
Include whatever basic condions you want (price per share limits, volume, etc) and add:
Price Percent Change 1-Month
Set this to VALUES of MIN to -5
This will generate a WatchList. Sort the WatchList by your PCF BOP15 in Descending order. You should see stocks that are declining on good BOP.
You can create another EasyScan called Up 1-Month and do the opposite.
Here is another sort to try. Sort ANY WatchList by this in ascending order. Any negative numbers this PCF returns are possible positive OR negative divergences.
BOP16*((AVGC8-AVGC8.8)/AVGC8.8*100)
Let me know what you think...
- Craig
Here to Help!
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
Here is one of the PCFs you had:BOP>=(MAX(BOP,10))AND(C<=MINC10)
This PCF above will find BOP today at the 10-day MAX and price today at a 10-day low. Keep in mind, one day of BOP tells us nothing. We need BLOCKS of BOP readings. I think my solutions above will be a better route.
- Craig
Here to Help!
|
|
Registered User
Joined: 7/18/2005
Posts: 156
|
Thank you fellows! I'll give it a try.
|
|
|
Guest-1 |