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

PCF for using Money Stream Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
EQUIROGA
Posted : Tuesday, January 9, 2018 10:56:29 PM
Registered User
Joined: 4/30/2009
Posts: 3

Hello Bruce

I am,trying ( with no luck) to create a scan condition that monitors the daily percent change of moneystream. I want to search for stocks that have a miniumm percent gain in moneystream interday.

 

Thanks

 

EQ

Bruce_L
Posted : Wednesday, January 10, 2018 8:40:48 AM


Worden Trainer

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

Oddly enough, the percent change in MoneyStream is a pretty meaningless concept. Part if this is just because the indicator can cross through zero. The bigger part of this is than MoneyStream is a cumulative indicator.

Dealing with OBV & MS in PCF's - how to interp their "values"

One way to deal with this would be to use the range over time as the basis of the percentage instead of trying to use the value of MoneyStream as the basis of the percentage.

100 * (MS - MS1.1) / (MAX(MS, 100) - MIN(MS, 100))



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
EQUIROGA
Posted : Wednesday, January 10, 2018 4:32:00 PM
Registered User
Joined: 4/30/2009
Posts: 3

Bruce

Thanks for the reply and I apologize that I didn't explain myself very well. What I am trying to is come up with a scan condition that will allow me to monitor the % change of a 12 peroid, exponential moving average of moneystream.I want to be able to scan for stocks ( interday) were the xavg of MS has moved up or dwn a certain percentage from yesterdays closing value. 

 

Thanks

 

Bruce_L
Posted : Wednesday, January 10, 2018 4:47:09 PM


Worden Trainer

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

You can't do that either for exactly the same reason. If MS can cross through zero, than so can its exponential moving average. If MS is cumulative, then the EMA of MS also has these same cumulative characteristics.

You could try the same basic workaround.

100 * (XAVG(MS, 12) - XAVG(MS1.1, 12)) / (MAX(XAVG(MS, 12), 100) - MIN(XAVG(MS, 12), 100))



-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.