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"Because the PMO is normalized, it can also be used as a relative strength tool. Stocks can thus be ranked by their PMO value as an expression of relative strength."
So a stock with a PMO higher than the PMO of another stock or ETF is performing "better". One could compare a stock's PMO number with the PMO number of SPY, QQQ or VTI,as one saw fit
Which spreadsheet are you referring to, asking for?
I do have the one I referredto in my Oct 10 post
Sorry, Bruce, I was able to get the first one (swing Low) to plot successfully, but not the second. I tried it with and without - (L + C) / 2) < (C - L) / 2 appended, but neither worked. I'm sure there are more variations I could try, but I lost patience.Could you step me thru it?
ABS(C -XAvgC50) <= .05
Implied Volatility is there to be added. The Option Chain watchlist can have columns added and deleted just like any other.
Historical Volatility would appear to only available for stocks, not options, and the built in function is for 100 days or bars.
I suggest you contact Support @TC2000.com for help over the weekend
Uncle, FWIW, Tom Bulkowski has done research into what candle patterns are most effective. http://thepatternsite.com/CandleEntry.html
I'm intrigued by this approach, if only because I like Chande's work (Aroon,etc)
I have it setup to display as row of dots on bottom panel of a chart using variations of -2/ABS(AvgC40>BBBot(.5,200) and AvgC40<BBTop(.5,200)) Custom PCF Indicator, separate rows for each time period (Well, I've done 3 of the 4,anyway).So I've ended up with 9 (will be 12) different Custom PCF Indicators.
First, in the interests of elegance, is there a way of combining the three PCF's for one time frame (Bull, Neutral and Bear) into one?
Second, is there any way of having these display as dots in a watchlist, with one column for each time frame, three different color dots for each cell?
A True False column won't work, as I need three states. I'm trying the Positive, zero, negative column with the following formula
ABS(AvgC40>BBTop(.5,200)) - ABS(AvgC40<BBBOT(.5,200)) which returns 1, 0 or -1, which is accurate, but not as elegant as Check marks etc.
My next thought is to sum all four time frames using the appropriate variations of the formula in the preceding paragraph. 4 is bullish across all 4 timeframes, -4 is likewise bearish.
Any thoughts on how I could improve my approach?
Try Watch This Topic Button above