Registered User Joined: 3/21/2005 Posts: 12
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Is there a way to code the Elder Force Index to come up with a number that you can compare between two stocks or have the daily percent change comparable. Since the number is dependent on the stock's underlying price and volume it makes comparing low vs high priced stocks and low vs. high volume stocks not possible. . I triied making it a percent change based on average price and volume but that did not seem to work. Any ideas or is this not possible?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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I am actually not seeing a lot wrong with your idea. Using the following as Custom PCF Indicators with the Period set the same as the Force Index and the Average Type set to Exponential seems to normalize things fairly well for me.
100 * (C / C1 - 1) * V / AVGV100
And:
100 * (C - C1) * V / AVGC100 / AVGV100
What issues are you seeing?
-Bruce Personal Criteria Formulas TC2000 Support Articles
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