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Registered User
Joined: 3/11/2005
Posts: 10
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What do the numbers represent that are located to the right in the graph for Moneystream? Sometimes the numbers are negative, sometimes positive. Thanks.
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Administration
Joined: 9/30/2004
Posts: 9,187
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That's the value of MoneyStream. Like TSV, the actual value isn't really important. What's important is the plot itself. Compare it to price to spot divergences.
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Registered User
Joined: 3/11/2005
Posts: 10
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OK ... If the value is not important, why show it?
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Administration
Joined: 9/30/2004
Posts: 9,187
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A value exists so the scale function displays it.
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Registered User
Joined: 3/11/2005
Posts: 10
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Ok So Moneystream should NOT be shown by itself; it needs to be in the same area as BOP or price? I thought it was of some meaning and value to me but I'm having my doubts.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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MoneyStream is a Cumulative indicator. It's actual value is meaningless, but it can be plotted by itself in its own Pane. It should be interpreted by its direction or where it is relative to where it was. While it can be compared to Price, it uses a different scale. This means crossovers between MoneyStream and Price plotted on the same Pane are also meaningless and will change with zoom. You may wish to review the following:
Dealing with OBV & MS in PCF's - how to interp their "values"
Basic Info on BOP, TSV and MoneyStream
That said, the trainers can't actually give setting, interpretation or investment advice.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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MoneyStream can be in its own pane with out other indicators like BOP. We are only saying that the numbers shown on the scale have no value for your chart reading. MoneyStream patterns are meant to be compared to price.
The best way to learn how to use MoneyStream is to review Peter and Don Worden's notes (which often use MoneyStream). You can get a glimpse of how they use it on specific stocks with real examples.
Here is a video to review: Viewing Notes in TeleChart
You should also consider the tutorial video CDROMS on MoneyStream by Peter Worden. He teaches how it should be used and how to compare the patterns of MoneyStream to the patterns of price to help identify potential strength or weakness in the stock.
You can get the videos here: Books And Videos
They come with a 1-year money-back guarantee.
- Craig
Here to Help!
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