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0002ct
Posted : Thursday, December 28, 2017 10:57:15 AM
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Joined: 11/19/2015
Posts: 459

Hello.

I'd like to plot Advances/Declines in a normalized way so that I could could compare A/Ds in a more relative way. Is this possible/logical? I would use the typical idea of "advance" where there is an increase from one day to next, and the opposite for "decline".

Does normalization require a period? I was thinking that one way to normalize could be the below, but it would require some period for comparison.
 

            (price now - lowest price over [20 days])
       ---------------------------------------------------------*100
                                 20H - 20L

Thank you for taking a look.

 

0002ct
Posted : Thursday, December 28, 2017 11:03:59 AM
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Joined: 11/19/2015
Posts: 459

I should add that I'm looking to apply the concept of a/ds to stock time series. I recognizet A/Ds are a current count and that I'm looking to apply to concept in a normalized, cumulative way and maybe that's not logical.

Bruce_L
Posted : Friday, December 29, 2017 8:31:09 AM


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

Your formula could be simplified to the following.

STOC20

Normalization may or may not require a period. It really depends on the how you want to make the values comparable, what is being corrected out that made the values not comparable originally, and the exact algorithm used.

I am still not quite sure if you want a market indicator (you really can't create your own in TC2000) or an indicator for an individual symbol.

Williams Accumulation/Distribution is a cumulative indicator for an individual symbol with at least some attempt at normalization.



-Bruce
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0002ct
Posted : Friday, December 29, 2017 10:10:05 AM
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Joined: 11/19/2015
Posts: 459

Thanks, Bruce. I'm looking over the help for stochastics and Williams now.

I'm trying to build a formula to apply to any given single symbol, not to any larger basket like an index or market. 

On review, I think Williams is out because it incorporates a volume calcuation? Viewed as a histogram, I think it is otherwise interpretable (by me).
----
I just realized that the simple default PCF% example c>c1 and opposite overlayed as histograms work fine for the basics of the concept. I Rube Goldberged this one.

Bruce_L
Posted : Saturday, December 30, 2017 8:45:38 AM


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

The William's Accumulation/Distribution built into TC2000 is the version without volume.

To create a scan to find high TSV 18 and high William's A/D indicator



-Bruce
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0002ct
Posted : Thursday, January 4, 2018 2:58:04 PM
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Joined: 11/19/2015
Posts: 459

Thank you, Bruce.

Bruce_L
Posted : Thursday, January 4, 2018 3:03:09 PM


Worden Trainer

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

You're welcome.



-Bruce
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