| yifense86 |
|
Gold User, Member, TeleChart
|
| Registered User |
|
|
|
|
| Gender: |
|
| Thursday, October 13, 2011 |
| Wednesday, September 20, 2017 5:30:27 PM |
38
[0.01% of all post / 0.01 posts per day] |
|
|
Hi,
Can anyone help me with a formula that compares todays price to the highest price of a range past price bars, lets say 250 bars ago to 150 bars ago?
The goal is to detect whether price is in a longer term uptrend without pegging the comparison to a specific bar in the past. I want to enhance "C > C200" and make the "C200" more like "High of C150-C250"
Thank you!
Yi
|
|
QUOTE (bcochrane)
From StockCharts:
"Because the PMO is normalized, it can also be used as a relative strength tool. Stocks can thus be ranked by their PMO value as an expression of relative strength."
So a stock with a PMO higher than the PMO of another stock or ETF is performing "better". One could compare a stock's PMO number with the PMO number of SPY, QQQ or VTI,as one saw fit
Thank you, that's what I gathered as well!
|
|
Ok, I'll experiment with them. Thanks Bruce!
Yi
|
|
So given this, and considering the objective of comparing the strength of a stock to a broad index over a period, do you think using the XAVG is more accurate than using a simple average or front weighted?
|
|
I see. I suppose I can compare the indicator value for a stock to the indicator value on the S&P 500.
The indicator formula you gave me uses the most recent 35 bars correct? Where the 35 after "(C / C1," is the number of bars used?
|
|
QUOTE (Bruce_L)
That seems to be the formula I wrote for PMO in my Friday, January 17, 2014 10:15:28 AM ET post in the BOP topic.
This formula can be shortened quite a bit in TC2000 v17.
1000 * (XAVG(XAVG(C / C1, 35), 20) - 1)
It is essentially 10 times a 20 period exponential moving average of a 30 period exponential moving average of a 1 period price percent change. This would pretty much use all of the available data in its calculations because of the way exponential moving averages are calculated.
So if I understand this correctly, this formula compares a stock to some sort of index (NYSE, S&P) over the last 30 bars?
|
|
I see how that would be hard.
I did have this formula, maybe you can help me reverse engineer how many bars it measures and by what method it uses to measure:
126.0509 * (C / C1 + 17 / 18 * (C1 / C2 + 17 / 18 * (C2 / C3 + 17 / 18 * (C3 / C4 + 17 / 18 * (C4 / C5 + 17 / 18 * (C5 / C6 + 17 / 18 * (C6 / C7 + 17 / 18 * (C7 / C8 + 17 / 18 * (C8 / C9 + 17 / 18 * (C9 / C10 + 17 / 18 * (C10 / C11 + 17 / 18 * (C11 / C12 + 17 / 18 * (C12 / C13 + 17 / 18 * (C13 / C14 + 17 / 18 * (C14 / C15 + 17 / 18 * (C15 / C16 + 17 / 18 * (C16 / C17 + 17 / 18 * (C17 / C18 + 17 / 18 * (C18 / C19 + 17 / 18 * (C19 / C20 + 17 / 18 * (C20 / C21 + 17 / 18 * (C21 / C22 + 17 / 18 * (C22 / C23 + 17 / 18 * (C23 / C24 + 17 / 18 * (C24 / C25 + 17 / 18 * (C25 / C26 + 17 / 18 * (C26 / C27 + 17 / 18 * (C27 / C28 + 17 / 18 * (C28 / C29 + 17 / 18 * (C29 / C30 + 17 / 18 * (C30 / C31 + 17 / 18 * (C31 / C32 + 17 / 18 * (C32 / C33 + 17 / 18 * (C33 / C34 + 17 / 18 * (C34 / C35 + 17 / 18 * (C35 / C36 + 17 / 18 * (C36 / C37 + 17 / 18 * (C37 / C38 + 17 / 18 * (C38 / C39 + 17 / 18 * (C39 / C40 + 17 / 18 * (C40 / C41 + 17 / 18 * (C41 / C42 + 17 / 18 * (C42 / C43 + 17 / 18 * (C43 / C44 + 17 / 18 * (C44 / C45 + 17 / 18 * (C45 / C46 + 17 / 18 * (C46 / C47 + 17 / 18 * (C47 / C48 + 17 / 18 * (C48 / C49 + 17 / 18 * (C49 / C50 + 17 / 18 * (C50 / C51 + 17 / 18 * (C51 / C52 + 17 / 18 * (C52 / C53 + 17 / 18 * (C53 / C54 + 17 / 18 * (C54 / C55 + 17 / 18 * (C55 / C56 + 17 / 18 * (C56 / C57 + 17 / 18 * (C57 / C58 + 17 / 18 * (C58 / C59 + 17 / 18 * (C59 / C60 + 17 / 18 * (C60 / C61 + 17 / 18 * (C61 / C62 + 17 / 18 * (C62 / C63 + 17 / 18 * (C63 / C64 + 17 / 18 * (C64 / C65 + 17 / 18 * (C65 / C66 + 17 / 18 * (C66 / C67 + 17 / 18 * (C67 / C68 + 17 / 18 * (C68 / C69 + 17 / 18 * (C69 / C70 + 17 / 18 * (C70 / C71 + 17 / 18 * (C71 / C72 + 17 / 18 * (C72 / C73 + 17 / 18 * (C73 / C74 + 17 / 18 * (C74 / C75 + 17 / 18 * (C75 / C76 + 17 / 18 * (C76 / C77 + 17 / 18 * (C77 / C78 + 17 / 18 * (C78 / C79 + 17 / 18 * (C79 / C80 + 17 / 18 * (C80 / C81 + 17 / 18 * (C81 / C82 + 17 / 18 * (C82 / C83 + 17 / 18 * (C83 / C84 + 17 / 18 * (C84 / C85 + 17 / 18 * (C85 / C86 + 17 / 18 * (C86 / C87 + 17 / 18 * (C87 / C88 + 17 / 18 * (C88 / C89 + 17 / 18 * (C89 / C90 + 17 / 18 * (C90 / C91 + 17 / 18 * (C91 / C92 + 17 / 18 * (C92 / C93 + 17 / 18 * (C93 / C94 + 17 / 18 * (C94 / C95 + 17 / 18 * (C95 / C96 + 17 / 18 * (C96 / C97 + 17 / 18 * (C97 / C98 + 17 / 18 * (C98 / C99 + 17 / 18 * (C99 / C100 + 17 / 18 * (C100 / C101 + 17 / 18 * (C101 / C102 + 17 / 18 * (C102 / C103 + 17 / 18 * (C103 / C104 + 17 / 18 * (C104 / C105 + 17 / 18 * (C105 / C106 + 17 / 18 * (C106 / C107 + 17 / 18 * (C107 / C108 + 17 / 18 * (C108 / C109 + 17 / 18 * (C109 / C110 + 17 / 18 * (C110 / C111 + 17 / 18 * (C111 / C112 + 17 / 18 * (C112 / C113 + 17 / 18 * (C113 / C114 + 17 / 18 * (C114 / C115 + 17 / 18 * (C115 / C116 + 17 / 18 * (C116 / C117 + 17 / 18 * (C117 / C118 + 17 / 18 * (C118 / C119 + 17 / 18 * (C119 / C120 + 17 / 18 * (C120 / C121))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))) - 120.7444 * (C / C1 + 19 / 21 * (C1 / C2 + 19 / 21 * (C2 / C3 + 19 / 21 * (C3 / C4 + 19 / 21 * (C4 / C5 + 19 / 21 * (C5 / C6 + 19 / 21 * (C6 / C7 + 19 / 21 * (C7 / C8 + 19 / 21 * (C8 / C9 + 19 / 21 * (C9 / C10 + 19 / 21 * (C10 / C11 + 19 / 21 * (C11 / C12 + 19 / 21 * (C12 / C13 + 19 / 21 * (C13 / C14 + 19 / 21 * (C14 / C15 + 19 / 21 * (C15 / C16 + 19 / 21 * (C16 / C17 + 19 / 21 * (C17 / C18 + 19 / 21 * (C18 / C19 + 19 / 21 * (C19 / C20 + 19 / 21 * (C20 / C21 + 19 / 21 * (C21 / C22 + 19 / 21 * (C22 / C23 + 19 / 21 * (C23 / C24 + 19 / 21 * (C24 / C25 + 19 / 21 * (C25 / C26 + 19 / 21 * (C26 / C27 + 19 / 21 * (C27 / C28 + 19 / 21 * (C28 / C29 + 19 / 21 * (C29 / C30 + 19 / 21 * (C30 / C31 + 19 / 21 * (C31 / C32 + 19 / 21 * (C32 / C33 + 19 / 21 * (C33 / C34 + 19 / 21 * (C34 / C35 + 19 / 21 * (C35 / C36 + 19 / 21 * (C36 / C37 + 19 / 21 * (C37 / C38 + 19 / 21 * (C38 / C39 + 19 / 21 * (C39 / C40 + 19 / 21 * (C40 / C41 + 19 / 21 * (C41 / C42 + 19 / 21 * (C42 / C43 + 19 / 21 * (C43 / C44 + 19 / 21 * (C44 / C45 + 19 / 21 * (C45 / C46 + 19 / 21 * (C46 / C47 + 19 / 21 * (C47 / C48 + 19 / 21 * (C48 / C49 + 19 / 21 * (C49 / C50 + 19 / 21 * (C50 / C51 + 19 / 21 * (C51 / C52 + 19 / 21 * (C52 / C53 + 19 / 21 * (C53 / C54 + 19 / 21 * (C54 / C55 + 19 / 21 * (C55 / C56 + 19 / 21 * (C56 / C57 + 19 / 21 * (C57 / C58 + 19 / 21 * (C58 / C59 + 19 / 21 * (C59 / C60 + 19 / 21 * (C60 / C61 + 19 / 21 * (C61 / C62 + 19 / 21 * (C62 / C63 + 19 / 21 * (C63 / C64 + 19 / 21 * (C64 / C65 + 19 / 21 * (C65 / C66 + 19 / 21 * (C66 / C67 + 19 / 21 * (C67 / C68 + 19 / 21 * (C68 / C69 + 19 / 21 * (C69 / C70)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))) - 1000
Thanks!
yi
|
|
Hi,
Does anyone know if its possible to create a relative strength indicator that compares a stock against the S&P500 over the last say 2-5 Wave Counts (Elliot or simlar)?
Thanks!
Yi
|
|
QUOTE (Bruce_L)
Yes, there are keyboard shortcuts for this.
Hot Keys & Keyboard Shortcuts
Move chart backward/forward 1 bar [ and ]
Move chart backward/forward 5 bars Shift-[ and Shift-]
Thank you Bruce!
Also, do you happen to know why the short interest indicator isn't working for me?
Yi
|
|
Hi,
Is there a way to scroll forward through the charts bar by bar? perhaps a keyboard shortcut?
Thank you!
|
|