Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

NYSE New Highs and Issues Traded Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
tuckandturn
Posted : Monday, April 25, 2011 4:38:10 PM
Registered User
Joined: 6/30/2009
Posts: 57
I wish to create an indicator that does the following in StockFinder:

Count of new daily 52 week highs in price / count of number of isssues traded for whatever given watch list or exchange I have specificed

Any suggestions would be greatly appreciated.

Doug
Bruce_L
Posted : Monday, April 25, 2011 4:45:43 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
You could select Add Indicator/Condition to Chart | Count Percent New Highs Indicator.

Working with Indicators

You could also create a Condition for a New High:

Creating Conditions
Writing Conditions in RealCode

'|*****************************************************************|
'|*** StockFinder RealCode Condition - Version 5.0 www.worden.com
'|*** Copy and paste this header and code into StockFinder *********
'|*** Condition:New High
'|******************************************************************
'# Period = UserInput.Integer = 251
If CurrentIndex > Period Then
    If Price.High > Price.MaxHigh(Period, 1) Then
        Pass
    End If
Else
    SetIndexInvalid
End If

And then right-click on the Condition and select Create Market Indicator | Active WatchList | Next | Percent Passing | Next | Finish.

Market Indicators from Conditions
Custom Market Indicators

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
tuckandturn
Posted : Tuesday, April 26, 2011 10:50:26 AM
Registered User
Joined: 6/30/2009
Posts: 57
Hi Bruce,

Thanks for your response.

With regards to the indicator "Count Percent New Highs Indicator" what is the denominator for the calculation?  Is it for all instruments in the watchlist/exchange or all instruments that were actually traded in the watchlist/exchange. I was unable to tell from the Stockfinder Help.

Thanks,
Doug
Bruce_L
Posted : Tuesday, April 26, 2011 10:53:24 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
It would be for all instruments with Price Bars for the date in question. I haven't tested to see if there must also be enough data to calculate the High Period or not, but would suspect this is a requirement from previous testing on the List Percent True Block used in its calculations. In general if the Boolean Condition used in the calculations has a valid result, it is used in the denominator and if it both has a valid result and returns True it is used in the numerator.

This would include symbols with zero volume for that day, but would not necessarily include every symbol in the Watchlist. For example, an IPO after the date in question would mean the symbol would not be counted. If you had a mixed list of Canadian and US symbols with different Market Holidays, you could have days generated entirely from Canadian symbols or entirely from US symbols. So they need to have been tradable on the day, but not necessarily actually traded.

I think we could use the Market Index method to only include symbols that actually traded by using SetIndexInvalid if Volume is zero:

'|*****************************************************************|
'|*** StockFinder RealCode Condition - Version 5.0 www.worden.com
'|*** Copy and paste this header and code into StockFinder *********
'|*** Condition:New High
'|******************************************************************
'# Period = UserInput.Integer = 251
If CurrentIndex > Period AndAlso Volume.Value > 0 Then
    If Price.High > Price.MaxHigh(Period, 1) Then
        Pass
    End If
Else
    SetIndexInvalid
End If

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
tuckandturn
Posted : Tuesday, April 26, 2011 11:24:09 AM
Registered User
Joined: 6/30/2009
Posts: 57
Now that's weird - I receive a compiler error on the "Pass" command.

Says "Name 'Pass' is not recongized."
Bruce_L
Posted : Tuesday, April 26, 2011 11:25:27 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
It reads like you are using the RealCode as an Indicator instead of as a Condition. The Pass syntax is not valid as part of a RealCode Indicator.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
tuckandturn
Posted : Tuesday, April 26, 2011 11:38:34 AM
Registered User
Joined: 6/30/2009
Posts: 57
Oops - that would make a difference. :(

However, when I create it as a condition instead - the interpreter barks at the "period" definition.  Do I need to create a "Dim Period as single" or something like that?
Bruce_L
Posted : Tuesday, April 26, 2011 11:44:28 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
You definitely don't want to use a Dim statement to create the Period line as it is already created in the following line:

'# Period = UserInput.Integer = 251

Just copy and paste the whole thing (including the six lines at the beginning which start with ') from the forums into StockFinder 5. You don't even need to open a RealCode Editor. Just right-click on the Chart itself and select Paste.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
tuckandturn
Posted : Tuesday, April 26, 2011 11:47:55 AM
Registered User
Joined: 6/30/2009
Posts: 57
Hmm - recopied the source code a couple of times and the error messages went away.

The indicator now works off the condition and the results are plotted.

Just need to verify my results.

Thanks Bruce!
Bruce_L
Posted : Tuesday, April 26, 2011 11:54:01 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
You're welcome.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.