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Registered User Joined: 11/19/2015 Posts: 459
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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.
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Registered User Joined: 11/19/2015 Posts: 459
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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.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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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 Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 11/19/2015 Posts: 459
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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).
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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.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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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 Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 11/19/2015 Posts: 459
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Thank you, Bruce.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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