 Gold Customer
Joined: 6/29/2005
Posts: 885
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I have a relative strength indicator that is on my chart.
How can I see the absolute value of this indicator at any time..It does not show in the data window when I use the tools pointer feature..
thx
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Gold Customer
Joined: 6/29/2005
Posts: 885
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That is if I put it in a window other than the first window with the chart..
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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The only way to see the actual value of an indicator is to plot it in the price window and turn the pointer on.
- Doug
Teaching Online!
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Gold Customer
Joined: 6/29/2005
Posts: 885
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Ok..when I do that, the lowest my relative strength indicator value seems to go is .01. If I place the pointer on a particular day, and it says .01 then I go to another day where the indicator is a lot lower on the chart, it still says .01. Will this not give me a reading of anything less than that/ or negative value?
YOu can seee what I am talking about on a chart of CPST with the stock compared to the SPY..
Thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The value of Relative Strength is the Symbol Price divided by the Comparison Symbol Price. For actual stocks, this isn't going to be negative, because Price can't be negative. This also means the direction of the Relative Strength line has meaning, but the actual value isn't particularly useful.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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As an added note about the actual value having little meaning, when you sort by the Relative Strength indicator, you cannot sort by Actual Value...only Visual Value and Visual Change.
- Doug
Teaching Online!
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Gold Customer
Joined: 6/29/2005
Posts: 885
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I have the following as a pcf and also use it as a single pcf scan..This morning It is returning several stocks that dont fit the criteria, eg CPST..Whats wrong?
V >= V1 * 10 OR (V + V1 + V2 + V3 + V4) >= (V5 + V6 + V7 + V8 + V9) * 10 OR V >= 100000.00 AND BOP1 >= 95 AND V >= 50000.00
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Have you updated your PCF's based on your latest data download? If so, did you update for All Items in System?
In the last section of your PCF, after the final OR, you have two different volume requirements.
- Doug
Teaching Online!
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Registered User
Joined: 3/22/2005
Posts: 56
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gentlemen,
can any one of you smart guys can tell how to scan for stocks that have just turned yesterdays bop yellow from red or green. I am too freaky old to develop a pcf for that.
Thanks.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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This should do it for you:
(BOP1.1<(-30) OR BOP1.1>30) AND (BOP1>(-30) AND BOP1<30)
Keep in mind that a one day change in BOP is not as remotly significant as changes in blocks of BOP.
Sort a WatchList by this PCF in ascending or descending order. Check out the BOP patterns:
BOP10-BOP10.10
- Craig
Here to Help!
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Registered User
Joined: 3/22/2005
Posts: 56
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Craig, thanks for the reply but i get an error when (BOP1.1<-30 OR BOP1.1>30) AND (BOP1>-30 AND BOP1<30) i put the formula in pcf editor. any ideas.....
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I corrected the formula in the original post. Sorry 'bout that.
- Craig
Here to Help!
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Registered User
Joined: 3/22/2005
Posts: 56
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thanks craig, but this pcf scans all the stocks with bop turned yellow. i need the pcf that shows the bop turned yellow yesterday and do not care what bop is today.
thanks and i appreciate your help.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Try adjusting the days ago parameters as follows:
(BOP1.2<(-30) OR BOP1.2>30) AND (BOP1.1>(-30) OR BOP1.1<30)
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/22/2005
Posts: 56
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thanks bruce, would you happen to have a pcf for island gap, if you do, please post it here. thanks very much.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I found a definition for "island reversal"
An occurrence in technical analysis where a stock price will gap up/down, trade higher than this price, and then gap down/up below the initial price.
Does this sound right?
- Craig
Here to Help!
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Registered User
Joined: 3/22/2005
Posts: 56
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yes, you are 100% correct. do you have a pcf for it please. thanks.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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In an uptrend we are only worried about two highs and one low:
H2<L1 AND H<L1
In a downtrend we are only worried about two lows and a high
L2<H1 AND L<H1
It often helps to draw the pattern and label the key elements then use the Boolean logic to set the relationships of the key elements.
- Craig
Here to Help!
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Registered User
Joined: 3/22/2005
Posts: 56
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thanks very much craig. i appreciate it.
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