| tonyofderby |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Tuesday, February 21, 2006 |
| Sunday, September 24, 2006 2:50:06 PM |
24
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Bruce
That worked fine. Thank you.
Kind regards
Tony
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Hello. I am working with an exponential stochastic 20:2:9. Could you let me have the formula for the SK line crossing UP through the SD line, please? I plan to put this into a PCF. I also want to put an expression for the exponential stochastic into a PCF so that I can adjust the range readily in an Easyscan. You helped me with a similar problem once before, but on revisiting my notes I had problems!! Many thanks.
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Hi Craig.
What you have given represents a measure of the range within a day, but it doesn't go far enough.
What I am trying to determine is a way of characterising how the share price moves during a day, between those high and low values. For example, does it (say) climb gradually and unfalteringly between the open and the close, or in an extreme case, does it oscillate between the high and the low many times during the day before it closes at the high? We have encountered shares that can do either, or even be less volatile intra-day but still be presented as (say) an identical daily candle without giving a clue as to what went on during the day.
I am trying to identify shares that are intrinsically volatile (or not) within the course of the day, not those that are volatile day-to-day.
I wonder if the data are available. If so, where are they and how can I manipulate them?
Regards
Tony
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Hi Craig
Is there any way that the intraday volatility can be characterised using the existing features of TC2005? Is it possible to create a PCF, or are the data just not available intraday?
Many thanks
Tony
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I have posted the above discussion item and would appreciate any thoughts from any of the trainers.
Regards
Tony
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Just to say, thanks guys. It's all working as I want it, now.
Regards
Tony
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Bruce
Many thanks. That is critical, as I have quite a few terms, so must check odd or even.
It's the little things that catch you out...!
Regards
Tony
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Bruce
This works on the simple case I have tested it on. Thanks.
For the indicator formula, you are multiplying together two terms that I would otherwise join with an 'AND' and use as a boolean function. Have you have done this because each term becomes +1 if true, and only when both are true will the formula be calculated to a value needed.
Is my reasoning correct?
Thanks for your help.
Regards
Tony
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Hi Bruce
I have tried the method you outlined (actually using a simple stochastic passing up thro' 30, because it corresponds to what I have on a chart) and the cumulative indicator shows (as expected!) the accumulation of gains/losses.
The result is confused by the zero error previously discussed; the starting value for the accumulation is not zero. If it is possible to show the price change as a spike (up or down about a zero line), that would probably meet my needs.
Is that possible?
Also, could you explain the 'value to add or subtract'? I must be getting tired - it is the end of the afternoon here in the UK...
Many thanks
Tony
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Bruce
Correction on my earlier message: it is a Custom Cumulative Indicator I have placed in the bottom window, not your technique - sorry. The zero error is still there, but I can live with that; I just subtract it from the total for each chart on show to count the number of instances I can see on the chart, which also shows the stochastics as an overlay.
Tony
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