Registered User
Joined: 2/18/2010
Posts: 1
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I have stockfinder gold on trial. I've spent time since receiving it trying to understand rules etc.
I've looked at all the videos and they have helped, although I'm struggling with real code!!!.
I'm a new trader and I'll be day trading. I've paper traded using freestockcharts.
What I'm looking for are rules that will find stocks between $10 - $70 and have over 1m traded daily.
I'm also looking for a minimum range of $1 and a tight spread of 1-2 cents.
I'm also looking for a rule if a stock gaps over 3% in the opening minutes.
Previous days big movers that re-trace.
Looking for stocks that have re-traced 30-4-% an have resumed original direction and are above or below previous days highs or lows.
I would also like to search for 2 days highs and 2 day lows.
After the first hour trading I would like to scan for stocks that have broken their 1st hour highs or lows and are now trending.
After 11.30, look for stocks with above average volume.
After 2pm, look for stocks that are about to break out to new highs or lows and are possibly trending.
I realize to day trade I need to upgrade to platinum, I'm using Gold to see if I can work with it before upgrading?
I have found it very slow when scanning, is this normal?
Sorry for all the questions, I hope you can help.
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 Gold Customer
Joined: 2/18/2010
Posts: 24
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I have a question before subscribing for the real-time. How can I chart "Projection Oscillator"? Thanks trainer.
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Administration
Joined: 9/30/2004
Posts: 9,187
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Attached is an interpretation of the Projection Oscillator that Bruce wrote. Save it to your ..\My Documents\StockFinder5\username\My Indicators folders and then you can add it to a chart using the Add Indicator button.
Attachments:
Projection Oscillator.sfIndRC - 12 KB, downloaded 935 time(s).
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Gold Customer
Joined: 2/18/2010
Posts: 24
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Bruce,
I tried your formula. While I have no doubt it is the correct one, it somehow looks very different from what I am currently using in SF. The formula used in SF is:
COG = -1 * NUM / DEN
| NUM = |
n
∑ [ PRICE[i] * (i + 1) ]
i = 0 |
| |
|
| DEN = |
n
∑ PRICE[i]
i = 0 |
Where...
PRICE[i] = The price of the ith bar back. PRICE[0] = price of current bar. PRICE[2] = price 2 bars back, etc.
And the...
apply a normalization as a final step:
COG' = COG + [ (N + 1) /2 ].
I badly need this in my TC2000 and really hope you could help me out. Many thanks again!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I used the example chart of INTC from 5/30/01 through 1/22/2002 on the Investor/RT Tour - Center of Gravity page to check if my formula was correct. It's Period is 10 instead of 5, so the formula would be (this would be the equivalent of COG(10), so the EMA3 is not being applied - the Period of the Custom PCF Indicator would need to be 1):
(H + L + 2 * (H1 + L1) + 3 * (H2 + L2) + 4 * (H3 + L3) + 5 * (H4 + L4) + 6 * (H5 + L5) + 7 * (H6 + L6) + 8 * (H7 + L7) + 9 * (H8 + L8) + 10 * (H9 + L9)) / (AVGH10 + AVGL10) / (-10)
It matches the Chart exactly (including the Scale). The calculations mentioned on the web page do not include the "apply a normalization as the final step", doing so would just adjust the Indicator so it is centered around zero:
(H + L + 2 * (H1 + L1) + 3 * (H2 + L2) + 4 * (H3 + L3) + 5 * (H4 + L4) + 6 * (H5 + L5) + 7 * (H6 + L6) + 8 * (H7 + L7) + 9 * (H8 + L8) + 10 * (H9 + L9)) / (AVGH10 + AVGL10) / (-10) + 5.5
Or in the 5-Period case:
(H + L + 2 * (H1 + L1) + 3 * (H2 + L2) + 4 * (H3 + L3) + 5 * (H4 + L4)) / (AVGH5 + AVGL5) / (-5) + 3
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Gold Customer
Joined: 2/18/2010
Posts: 24
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Bruce,
How do I draw out EMA(COG(5),3)?
Thank you very much.
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Registered User
Joined: 5/11/2013
Posts: 17
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Hi Bruce, Been researching the old posts, We had several Tc2000 upgrades since your March 15 2011 post. Is it possible to get a chart withthe (Center of Gravity, and Projection Oscillator). Tks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Not enough has changed to really make this practical to implement in any sort of user adustable way, but the formulas can be a lot shorter (primarily due to LEAST(), GREATEST(), and simplified linear regression slope formulas).
14-period lower projection bands could be written as follows.
LEAST(L, L1 + 6 * (FAVGL14 - AVGL14) / 13, L2 + 2 * 6 * (FAVGL14 - AVGL14) / 13, L3 + 3 * 6 * (FAVGL14 - AVGL14) / 13, L4 + 4 * 6 * (FAVGL14 - AVGL14) / 13, L5 + 5 * 6 * (FAVGL14 - AVGL14) / 13, L6 + 6 * 6 * (FAVGL14 - AVGL14) / 13, L7 + 7 * 6 * (FAVGL14 - AVGL14) / 13, L8 + 8 * 6 * (FAVGL14 - AVGL14) / 13, L9 + 9 * 6 * (FAVGL14 - AVGL14) / 13, L10 + 10 * 6 * (FAVGL14 - AVGL14) / 13, L11 + 11 * 6 * (FAVGL14 - AVGL14) / 13, L12 + 12 * 6 * (FAVGL14 - AVGL14) / 13, L13 + 13 * 6 * (FAVGL14 - AVGL14) / 13)
14-period upper projection bands could be written as follows.
GREATEST(H, H1 + 6 * (FAVGH14 - AVGH14) / 13, H2 + 2 * 6 * (FAVGH14 - AVGH14) / 13, H3 + 3 * 6 * (FAVGH14 - AVGH14) / 13, H4 + 4 * 6 * (FAVGH14 - AVGH14) / 13, H5 + 5 * 6 * (FAVGH14 - AVGH14) / 13, H6 + 6 * 6 * (FAVGH14 - AVGH14) / 13, H7 + 7 * 6 * (FAVGH14 - AVGH14) / 13, H8 + 8 * 6 * (FAVGH14 - AVGH14) / 13, H9 + 9 * 6 * (FAVGH14 - AVGH14) / 13, H10 + 10 * 6 * (FAVGH14 - AVGH14) / 13, H11 + 11 * 6 * (FAVGH14 - AVGH14) / 13, H12 + 12 * 6 * (FAVGH14 - AVGH14) / 13, H13 + 13 * 6 * (FAVGH14 - AVGH14) / 13)
So the projection oscillator could be written as follows.
100 * (C - LEAST(L, L1 + 6 * (FAVGL14 - AVGL14) / 13, L2 + 2 * 6 * (FAVGL14 - AVGL14) / 13, L3 + 3 * 6 * (FAVGL14 - AVGL14) / 13, L4 + 4 * 6 * (FAVGL14 - AVGL14) / 13, L5 + 5 * 6 * (FAVGL14 - AVGL14) / 13, L6 + 6 * 6 * (FAVGL14 - AVGL14) / 13, L7 + 7 * 6 * (FAVGL14 - AVGL14) / 13, L8 + 8 * 6 * (FAVGL14 - AVGL14) / 13, L9 + 9 * 6 * (FAVGL14 - AVGL14) / 13, L10 + 10 * 6 * (FAVGL14 - AVGL14) / 13, L11 + 11 * 6 * (FAVGL14 - AVGL14) / 13, L12 + 12 * 6 * (FAVGL14 - AVGL14) / 13, L13 + 13 * 6 * (FAVGL14 - AVGL14) / 13)) / (GREATEST(H, H1 + 6 * (FAVGH14 - AVGH14) / 13, H2 + 2 * 6 * (FAVGH14 - AVGH14) / 13, H3 + 3 * 6 * (FAVGH14 - AVGH14) / 13, H4 + 4 * 6 * (FAVGH14 - AVGH14) / 13, H5 + 5 * 6 * (FAVGH14 - AVGH14) / 13, H6 + 6 * 6 * (FAVGH14 - AVGH14) / 13, H7 + 7 * 6 * (FAVGH14 - AVGH14) / 13, H8 + 8 * 6 * (FAVGH14 - AVGH14) / 13, H9 + 9 * 6 * (FAVGH14 - AVGH14) / 13, H10 + 10 * 6 * (FAVGH14 - AVGH14) / 13, H11 + 11 * 6 * (FAVGH14 - AVGH14) / 13, H12 + 12 * 6 * (FAVGH14 - AVGH14) / 13, H13 + 13 * 6 * (FAVGH14 - AVGH14) / 13) - LEAST(L, L1 + 6 * (FAVGL14 - AVGL14) / 13, L2 + 2 * 6 * (FAVGL14 - AVGL14) / 13, L3 + 3 * 6 * (FAVGL14 - AVGL14) / 13, L4 + 4 * 6 * (FAVGL14 - AVGL14) / 13, L5 + 5 * 6 * (FAVGL14 - AVGL14) / 13, L6 + 6 * 6 * (FAVGL14 - AVGL14) / 13, L7 + 7 * 6 * (FAVGL14 - AVGL14) / 13, L8 + 8 * 6 * (FAVGL14 - AVGL14) / 13, L9 + 9 * 6 * (FAVGL14 - AVGL14) / 13, L10 + 10 * 6 * (FAVGL14 - AVGL14) / 13, L11 + 11 * 6 * (FAVGL14 - AVGL14) / 13, L12 + 12 * 6 * (FAVGL14 - AVGL14) / 13, L13 + 13 * 6 * (FAVGL14 - AVGL14) / 13))
Center of Gravity is more adjustable. You can change the 10 and 3 to adjust the COG and exponential moving average periods.
Raw 10-period COG:
(10 + 1) * (FAVG(H + L, 10) / AVG(H + L, 10) - 1) / 2
3 period EMA of raw 10-period COG:
XAVG((10 + 1) * (FAVG(H + L, 10) / AVG(H + L, 10) - 1) / 2, 3)
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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