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SILVERWESOKE
Posted : Wednesday, August 31, 2005 11:03:33 AM
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Joined: 6/29/2005
Posts: 885
I have a relative strength indicator that is on my chart.
How can I see the absolute value of this indicator at any time..It does not show in the data window when I use the tools pointer feature..
thx
SILVERWESOKE
Posted : Wednesday, August 31, 2005 11:06:40 AM
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Joined: 6/29/2005
Posts: 885
That is if I put it in a window other than the first window with the chart..
Doug_H
Posted : Wednesday, August 31, 2005 11:07:58 AM


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Joined: 10/1/2004
Posts: 4,308
The only way to see the actual value of an indicator is to plot it in the price window and turn the pointer on.

- Doug
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SILVERWESOKE
Posted : Wednesday, August 31, 2005 11:14:58 AM
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Joined: 6/29/2005
Posts: 885
Ok..when I do that, the lowest my relative strength indicator value seems to go is .01. If I place the pointer on a particular day, and it says .01 then I go to another day where the indicator is a lot lower on the chart, it still says .01. Will this not give me a reading of anything less than that/ or negative value?

YOu can seee what I am talking about on a chart of CPST with the stock compared to the SPY..

Thanks
Bruce_L
Posted : Wednesday, August 31, 2005 11:25:02 AM


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Joined: 10/7/2004
Posts: 65,138
The value of Relative Strength is the Symbol Price divided by the Comparison Symbol Price. For actual stocks, this isn't going to be negative, because Price can't be negative. This also means the direction of the Relative Strength line has meaning, but the actual value isn't particularly useful.

-Bruce
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Doug_H
Posted : Wednesday, August 31, 2005 11:27:21 AM


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As an added note about the actual value having little meaning, when you sort by the Relative Strength indicator, you cannot sort by Actual Value...only Visual Value and Visual Change.

- Doug
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SILVERWESOKE
Posted : Wednesday, August 31, 2005 11:42:11 AM
Gold Customer Gold Customer

Joined: 6/29/2005
Posts: 885
I have the following as a pcf and also use it as a single pcf scan..This morning It is returning several stocks that dont fit the criteria, eg CPST..Whats wrong?


V >= V1 * 10 OR (V + V1 + V2 + V3 + V4) >= (V5 + V6 + V7 + V8 + V9) * 10 OR V >= 100000.00 AND BOP1 >= 95 AND V >= 50000.00
Doug_H
Posted : Wednesday, August 31, 2005 11:43:29 AM


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Joined: 10/1/2004
Posts: 4,308
Have you updated your PCF's based on your latest data download? If so, did you update for All Items in System?

In the last section of your PCF, after the final OR, you have two different volume requirements.

- Doug
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jackm1
Posted : Monday, September 12, 2005 1:39:48 PM

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Joined: 3/22/2005
Posts: 56
gentlemen,
can any one of you smart guys can tell how to scan for stocks that have just turned yesterdays bop yellow from red or green. I am too freaky old to develop a pcf for that.
Thanks.
Craig_S
Posted : Monday, September 12, 2005 2:07:04 PM


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This should do it for you:

(BOP1.1<(-30) OR BOP1.1>30) AND (BOP1>(-30) AND BOP1<30)

Keep in mind that a one day change in BOP is not as remotly significant as changes in blocks of BOP.

Sort a WatchList by this PCF in ascending or descending order. Check out the BOP patterns:

BOP10-BOP10.10

- Craig
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jackm1
Posted : Monday, September 12, 2005 5:13:39 PM

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Joined: 3/22/2005
Posts: 56
Craig, thanks for the reply but i get an error when (BOP1.1<-30 OR BOP1.1>30) AND (BOP1>-30 AND BOP1<30) i put the formula in pcf editor. any ideas.....
Craig_S
Posted : Monday, September 12, 2005 6:27:34 PM


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I corrected the formula in the original post. Sorry 'bout that.

- Craig
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jackm1
Posted : Monday, September 12, 2005 9:42:17 PM

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Joined: 3/22/2005
Posts: 56
thanks craig, but this pcf scans all the stocks with bop turned yellow. i need the pcf that shows the bop turned yellow yesterday and do not care what bop is today.
thanks and i appreciate your help.
Bruce_L
Posted : Tuesday, September 13, 2005 7:18:15 AM


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Joined: 10/7/2004
Posts: 65,138
Try adjusting the days ago parameters as follows:

(BOP1.2<(-30) OR BOP1.2>30) AND (BOP1.1>(-30) OR BOP1.1<30)

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
jackm1
Posted : Monday, September 26, 2005 12:59:34 AM

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Joined: 3/22/2005
Posts: 56
thanks bruce, would you happen to have a pcf for island gap, if you do, please post it here. thanks very much.
Craig_S
Posted : Monday, September 26, 2005 7:43:08 AM


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Posts: 18,819
I found a definition for "island reversal"

An occurrence in technical analysis where a stock price will gap up/down, trade higher than this price, and then gap down/up below the initial price.

Does this sound right?

- Craig
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jackm1
Posted : Tuesday, September 27, 2005 1:04:09 AM

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Joined: 3/22/2005
Posts: 56
yes, you are 100% correct. do you have a pcf for it please. thanks.
Craig_S
Posted : Tuesday, September 27, 2005 8:21:00 AM


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Joined: 10/1/2004
Posts: 18,819
In an uptrend we are only worried about two highs and one low:

H2<L1 AND H<L1

In a downtrend we are only worried about two lows and a high

L2<H1 AND L<H1

It often helps to draw the pattern and label the key elements then use the Boolean logic to set the relationships of the key elements.

- Craig
Here to Help!
jackm1
Posted : Tuesday, September 27, 2005 8:34:59 PM

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Joined: 3/22/2005
Posts: 56
thanks very much craig. i appreciate it.
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