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Registered User
Joined: 8/18/2006
Posts: 22
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is thre a study/indicator that plots #of advances/declines for the day for s&p 500
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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This is not one of TeleChart's Worden Market Indicators.
It is possible to add this to the Personal Chartist SnapSheet by selecting Add Study From Web Library | Market Indicators | Advance Decline Ratio and double clicking the Watchlist Name in the Study and changing it to Standard and Poors 500 Component Stocks.
You may wish to review the following:
SnapSheets Website
New pre-built workspace: Personal Chartist
SnapSheets Tutorial Videos
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 11/22/2005
Posts: 5
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Hi,
I can't figure how the advance decline ratio work in Snapsheet. I use Dow 30 for convenience. For example, on 10 Oct, 15 advance and 15 decline in Dow 30. So the ratio should be 1 (15/15).
However, with the default settings (A/D ratio smooth 10), the ratio is about 2.80.
How do I interpret?
Regards.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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The smoothing is the difference. Change the period to 1 (no smoothing) using the QuickEdit (click the name once) and you will see it plots at 1 (just above zero).
- Craig
Here to Help!
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Registered User
Joined: 11/22/2005
Posts: 5
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Thanks Craig, but...
After changing the smoothing to 1, it actually plots at 1.2, quite close but not exact.
I did a check on 4 Oct, a strong day where Dow 30 had 26 advanced and 4 decline, the ratio should be 6.5 (26/4), but Snapsheet shows 24. (with no smoothing)
Or the day after, 5 Oct, 13 advanced and 17 declined, should be 0.76(13/17), Snapsheet actually shows a negative figure, which is impossible. I am still confused.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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You are correct, I was looking at my own A/D ratio plot.
Give me a few minutes, I will explain the A/D ratio plot from the Web Library.
- Craig
Here to Help!
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Administration
Joined: 9/30/2004
Posts: 9,187
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There is a Min Net Change parameter in the A/D Ratio line. It is set to .10 by default. Set it to 0.00 and you'll see the correct ratios you're looking for.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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We have to start from the beginning...
Set the A/D ratio up as follows:
WatchList: Dow 30
Smooth: 1
Min Net: 0.01
Bias: 0
Lets use Oct 5th for the math.
13 advancers
17 decliners
First it figues out the "Advance Count" as follows:
It counts the number of stocks in the WatchList with a Net Change in the Close greater than Min Net Change less the Bias.
In our case "Advance Count"= 13
Then it figues out the "Decline Count" as follows:
It counts the number of stocks in the WatchList with a Net Change in the Close less than Min Net Change multiplied by -1.
In our case "Decline Count"= 17
If Adv Count > Decline Count it plots the ratio (so adv:10 decl:5 is plotted as +2)
If Decl Count > Adv Count it plots the inverse of the reverse ratio.... lets see what it does to our example
Adv=13
Decl=17
Adv > Decl is true so it does this:
(17/13)*(-1)=-1.31
instead of 0.76
Negative numbers mean the decliners exceeded the advancers.
Does that help?
- Craig
Here to Help!
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