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cosmo1962
Posted : Thursday, March 3, 2011 10:51:43 AM
Registered User
Joined: 10/7/2004
Posts: 50
Can you tell me in version 11 if slopes are able to be computed into a pcf, for example an upward slope in money stream and adx ?
Bruce_L
Posted : Thursday, March 3, 2011 11:08:08 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
You can left-click on an Indicator and select Quick Sort and select Net Change, Percent Change, Moving Up or Moving Down to check for the direction of an Indicator, but there is not currently away to combine multiple Quick Sorts.

Combining multiple Quick Sorts would probably require a Personal Criteria Formula in the current version of the TC2000.com version 11 beta. Unfortunately, I do not know of a way to create a PCF for ADX which is short enough to be practical.

All questions, comments and suggestions related to the TC2000.com version 11 beta should be addressed to:

feedback@tc2000.com

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
dmyers
Posted : Thursday, March 24, 2011 10:05:41 PM
Registered User
Joined: 12/29/2009
Posts: 44
Is there any way to capture the code from the Quick Sorts so that we can use them in custom PCF's
Bruce_L
Posted : Friday, March 25, 2011 9:28:50 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
Quick Sorts do not use the Personal Criteria Formula Language and there is no way to incorporate them into PCFs or EasyScans currently (although this is planned).

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Gone South
Posted : Friday, March 22, 2013 12:01:31 AM
Registered User
Joined: 1/28/2012
Posts: 62

Hi Bruce,

I'd like to revisit this topic, which is related to another one, "ADX" by user 'opterat' (April 20, 2009).

The famous technician Chuck LeBeau captures my issues succintly in this short article: www.tradingmarkets.com/.site/stocks/how_to/articles/-76480.cfm 

There are two questions:

1. Interpretation of the slope of ADX is at least as important as the actual ADX value. Is there any way to calculate slope in TC2000? (I've also tried to get the slope for a Linear Regression line over 20 bars... any chance there?)

2. Rounding in the Worden ADX indicator calculation. You mentioned to 'opterat' that even TC2000 rounds numbers going into the formula for ADX. According to LeBeau, this can render any measure of slope invalid. When he wrote that article, back in 2010, he said he was trying to get chart providers like Worden to use at least 2 decimals. Has Worden mended its ways and fixed the ADX calculation since you wrote back to 'opterat' back in April 2009? 

Thanks once again.

- Eric

 

Bruce_L
Posted : Friday, March 22, 2013 8:49:54 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

A Condition Formula for a 20-Period Linear Regression Slope can be written as:

Using Linear Regression vs Classical Peaks/Valleys for Divergence Analysis

(9.5 * C + 8.5 * C1 + 7.5 * C2 + 6.5 * C3 + 5.5 * C4 + 4.5 * C5 + 3.5 * C6 + 2.5 * C7 + 1.5 * C8 + .5 * C9 - .5 * C10 - 1.5 * C11 - 2.5 * C12 - 3.5 * C13 - 4.5 * C14 - 5.5 * C15 - 6.5 * C16 - 7.5 * C17 - 8.5 * C18 - 9.5 * C19) / 665

I prefer an unrounded ADX as well. TC2000 rounds the ADX but does not round the AXDR (although it is based off of a rounded ADX), +DI and -DI. Note that there is actually little question as to which is correct however. Wilder invented ADX and the calculations specified use rounding. I don't know why we would round ADX, but not the the other values.

I cannot think of a way to calculate a slope of ADX in TC2000. It is possible to calculate the slope of ADX in StockFinder (and you can also create a version of ADX that is not rounded).



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Gone South
Posted : Friday, March 22, 2013 9:33:11 AM
Registered User
Joined: 1/28/2012
Posts: 62

Thanks, Bruce. 

WRT rounding of the ADX, apparently Wilder did it with rounding to simplify calculations in the days before we all had capable computers. Now, though, there's widespread agreement that the inputs should not be rounded. I understand that many chart providers have fixed it to calculate to 2 or 3 decimals. Surely, the hotshots at Worden can upgrade your ADX before lunch!

As for Doing-It-All in Stockfinder... yup, we TC2000 users have long wondered when we'd get a Back To the Future experience of RealCode. I know it's on the Wish List and will try to be patient.

 

 

Bruce_L
Posted : Friday, March 22, 2013 9:56:34 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Thank you for your suggestion. It has been assigned case number 10757.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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