Registered User
Joined: 3/17/2005
Posts: 187
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I am trying to set up 1 indicator rsi and tsv together.So I am tryingt o combine the 2 indicators to one.
Thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I'm not sure I understand the details of what you are trying to accomplish. How to you want the indicators to interact when combining into a single indicator?
-Bruce
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Registered User
Joined: 3/17/2005
Posts: 187
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Well I would like to set up rsi 14 and tsv 18 to 1 single indicator
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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These are two very different indicators. Can you detail what you are trying to accomplish by "combining" them?
How do you want them "combined"?
Do you want to plot the sum of the indictators?
We need more details. If you can elaborate more on WHY you want to do this we might have more information to work from.
- Craig
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Registered User
Joined: 3/17/2005
Posts: 187
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I would like to plot them together and see when it crosses the 50% line.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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If you are only looking to plot them in the same window you can right click in the desired window, choose ADD INDICATOR, add one then repeat the process again to add the other.
Check out these videos:
Customize your charts using Chart Templates
Adding, removing and saving indicators to a chart template
- Craig
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Registered User
Joined: 3/17/2005
Posts: 187
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No I want to combine them by that I mean add them and plot it
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Which of these are true?:
1) You want to add/plot them both in the same window so there is a center line from the TSV which will correspond to the 50 line for RSI
2) You want to create a NEW indictator that combines both RSI and TSV together into ONE plot
I believe it is #1 you are looking for. If so, follow the instructions I gave you and watch the videos I recomended. You can even UNCHECK the visible TSV option to just plot the center line which will correspond to 50 in the RSI plot.
- Craig
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Registered User
Joined: 3/17/2005
Posts: 187
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I would like to create a new indicator that combines both rsi and TSv
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Ok...
Now I need to understand why or how you want them combined.
Do you understand the nature of them both? Do you understand that they are VERY different indicators?
How do you want to combine them? Where did this idea come from?
Anwers to all of these questions will help me get you what you are looking for.
- Craig
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Registered User
Joined: 3/17/2005
Posts: 187
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Yes I understand them...Well instead plotting 2 differents indicators (tsv and rsi) and try to find out when both croos the 50% line, I would like to add them and plot them.I know rsi is a lagging indicator and tsv is a leading indicator
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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malick,
It's still not clear to me how you want to combine RSI and TSV, but try this and let me know (we'll work from there):
50*TSV18/(MAX(TSV18,90)+ABS(MIN(TSV18,90))+ABS(MAX(TSV18,90)-ABS(MIN(TSV18,90))))+RSI14.14/2+25
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/17/2005
Posts: 187
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This is the formula but how you plot it ?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Select Chart Template | Add Indicator | Indicator.
-Visible: Checked
-Center Zero Line: Unchecked
-Plot Using Price Scale: Unchecked
-Smoothing Average: 1
-Indicator Formula:
50*TSV18/(MAX(TSV18,90)+ABS(MIN(TSV18,90))+ABS(MAX(TSV18,90)-ABS(MIN(TSV18,90))))+RSI14.14/2+25
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/17/2005
Posts: 187
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I plot it..That's not what i am looking for. I just want 1 formula to combine tsv 18 and rsi 14 and plot it.
ok what is the formula for tsv 18 and what is the formula for rsi 14 ? i will go from there
thanks
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Registered User
Joined: 3/17/2005
Posts: 187
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is it possible to write 1 formula for rsi 14 and tsv 18 crossing the the center line in the same time; up or down
Then I would like to combine them to 1 indicator and plot it on 1 graph
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The formula for an 18-Period Simple TSV is (which can be plotted using just the TSV Indicator):
TSV18
The formula for a 14-Period Wilder's RSI without smoothing is (which can be plotted using just the RSI Indicator):
RSI14.1
To plot a Boolean formula for RSI14.1 and TSV18 crossing the center line at the same time, try the following:
Select Chart Template | Add Indicator | Percent True.
-Visible: Checked
-Smoothing Average: 1
-Indicator Formula:
ABS(SGN(TSV18)-SGN(TSV18.1))>0 AND ABS(SGN(RSI14.1-50)-SGN(RSI14.1.1-50))>0
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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As an aside, the center line for TSV is a zero line, not a "50" line.
- Craig
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Registered User
Joined: 3/17/2005
Posts: 187
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not what i am looking for
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Malick....
Are you just looking to find stocks where the RSI and the TSV cross 50 and zero (for TSV)?
You cannot just add them, the center line for TSV is a zero line, the center line for RSI is a 50 line. The two indicators have wildly differing values. Plotting their combination would be meaningless.
Instead of focusing on this idea, can we focus on what you are trying to find/uncover?
Are you looking for stocks where the RSI crosses 50 about the same time that the TSV crosses the zero line?
If so, we can scan for this.
- Craig
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Registered User
Joined: 3/17/2005
Posts: 187
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All i am looking for to combine tsv 18 and rsi 14 and plot it.Add tsv18 and rsi 14 and plot it . Most tsocks kind of trend up or down when they the centerline of tsv and rsi. So I want to combine both indicator to one and plot it.
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Registered User
Joined: 3/17/2005
Posts: 187
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0 or 50 doesn't matter.I would say the centerline. ok
I want to plot 1 indicator (tsv 18 +rsi14 ) crossing the centerline
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Malick...
With the centerline of TSV being zero and the centerline of RSI being 50 PLUS the TSV being an unrestricted indicator (it can have any value) and RSI being resticted to values from 0 to 100, combining them is not the way to go. It won't uncover:
QUOTE (You) Most tsocks kind of trend up or down when they the centerline of tsv and rsi. So I want to combine both indicator to one and plot it.
You have a few options:
1) Plot them both in the same window (they are plotted on their own scales but zero and 50 will always be in the center)
2) Create an EasyScan to find stocks with a TSV near zero and the RSI near zero.
The unbounded nature of TSV makes your request unrealistic. The indicators are too different.
Let me know if you decide to try 1 or 2 above and need help.
- Craig
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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malick,
You've indicated neither of the following formulas are what you are looking for:
The first formula puts the two indicators on a similar scale and adds them together creating a single indicator on the same scale as RSI (0 to 100):
50*TSV18/(MAX(TSV18,90)+ABS(MIN(TSV18,90))+ABS(MAX(TSV18,90)-ABS(MIN(TSV18,90))))+RSI14.14/2+25
The second formula produces a spike when both indicators cross the centerline at the same time:
ABS(SGN(TSV18)-SGN(TSV18.1))>0 AND ABS(SGN(RSI14.1-50)-SGN(RSI14.1.1-50))>0
Which is closer to what you want? What is different from the results of these formulas and what you actually want?
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/17/2005
Posts: 187
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Thanks guys for your input. I will do more digging of what I am trying to accomplish
Thanks again
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Registered User
Joined: 9/5/2005
Posts: 5
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I think that malick is trying to replicate the indicator designed by Mark L Larson which he mentions in 12 Simple Technical Indicators that Really Work. Somehow Mr. Larson combines the two indicators into one indicator that crosses above or below the zero line to signal buy or sell. I would also be interested in the pcf for this indicator.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I will get in touch with Mark and see what I can find out.
- Craig
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I got in touch with Mark. This idea is something he offers only to the students of his paid seminars. We are unable to provide the settings for his idea here. The settings are available through Mr. Larson's seminars.
- Craig
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Registered User
Joined: 1/1/2005
Posts: 2,645
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Sums of indicators lose crossing information. Try Maximum and/or Minimum instead. Some crossing information is retained.
Suppose X and Y are two oscillators with center lines MidX and MidY, respectively. Define MAX and MIN by:
MAX = max(X-MidX, Y-MidY)
and
MIN = min(X-MidX, Y-MidY)
If MAX upcrosses the zero line, you know that at least one indicator has upcrossed its center line today. If MIN upcrosses the zero line, you know that one indicator has upcrossed its center line and the other has upcrossed its center line today. Similar statements can be made concerning downcrosses.
The plots of MAX and MIN are more appealing if both X-MidX and Y-MidY are normalized to the same scale.
Thanks,
Jim Murphy
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Registered User
Joined: 4/24/2005
Posts: 2
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Craig, I've been trying to find a way to get in touch with Mark Larson regarding his seminars but have been unsuccessful. Can you help me? thx
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