Registered User
Joined: 1/3/2005
Posts: 28
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Craig: That list of definitions is quite good, but
are they applicable to TC2005; TC2000, or only to
TCnet users? Are they all usable in Easy Scans?
Please elucidate. Thanx.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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All of them are available in both versions of TCNet. TCNet ONLY conditions are noted as such. Those noted as display only are not available as sorts or scans, just in the WatchList window. Only a few are not available in EasyScan (like Note Dates, etc.)
You also win the new award for best word used in the forum! It is a favorite of mine.
e·lu·ci·date v. (To make clear or plain, especially by explanation; clarify)
- Craig
Here to Help!
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Registered User
Joined: 2/1/2005
Posts: 3
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Hello Craig,
Thanks,
Is there a place where I can email a trainer like yourself, without it being open for all to read?
I am new, and just have some real simple questions.
Thanks again,
RC
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Registered User
Joined: 2/1/2005
Posts: 3
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Hello again,
I didn't see "macd" in the list of definitions.
Please help.
Thanks,
Rchesser
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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rchesser,
MACD is an indicator used for charting. This list only contains built in Criteria used for sorting Watchlists and in EasyScans (Criteria that can't be charted in TeleChart without writing a Custom Indicator). You can use Indicator Sorting to sort a Watchlist using MACD, but it can't be included in an EasyScan without writing a Personal Criteria Formula to convert it from an indicator into a criteria. Here is an entry on MACD from Online TeleChart Help:
MACD (Moving Average Convergence Divergence)
As far as your first question goes, the forums and live events are the only avenues to ask questions of trainers. A major purpose of the forums is to create a searchable resource of questions and answers. If you have a question, simple or not, somebody else out there has the same question.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/12/2005
Posts: 3
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Hi Craig~
Thank you for all of the definitions that you have provided.
I am looking for the definition of one that wasn't mentioned---TSV--time segmented volume. And could you also provide TSV's advantages and disadvantages.
Thank you.
Peg
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Peg Bunch,
Like MACD above, TSV is a charting indicator. Here is a link to the Online TeleChart Help entry for TSV:
Time Segmented Volume
The best resource on TSV is Interpreting Time Segmented Volume®, a video which is available for purchase on our Worden Books & Videos page.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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rchesser, go to the ASK A TRAINER forum and post your question. I will be happy to answer it there and others who read the boards will benefit from our exchange.
- Craig
Here to Help!
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Registered User
Joined: 2/2/2005
Posts: 9
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Could I ask you for the actual formula for the calculation of the:
Price 1 year range
And
Price growth 1 year
I am using the chart of "HPQ" and test the numbers that I get back, and neither one corresponds.
Is it a point/ date to date comparision. I tried 250 days ago, as well as exact date last year. I still do not get the right number.
Thanks, Simon
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Price 1 Year Range
100*(C-MINC250)/(MAXC250-MINC250)
I'll have to check on Price Growth Rate 1 Year. Documentation says it uses the least squares method, which I am not familar with. The standard 1 year price percent change would be:
((C-C250)/C250)*100
Don't know how the growth rate formula differs from this, but I'll find out.
- Doug
Teaching Online!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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((C-C250)/C250)*100 is the price percent change for one year
The easiest way to understand the Price Growth Rate 1 Year is to plot a 250 bar linear regression line on price. Price Growth Rate 1 Year is a measure of the change of the LR line from 250 days ago until now.
You can have a stock that has a positive percent change for 1-year and a negative growth rate for one year (or visa versa).
Price 1 year Range returns the position of the close today as a percent of the overall range of the stock for the year. If the stock closes half-way between the highest high of the year and the lowest low of the year it is at 50% of the 1-year range and would return 50 for the condition.
- Craig
Here to Help!
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Registered User
Joined: 2/2/2005
Posts: 9
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Thanks Doug, Thanks Carig
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 Gold Customer
Joined: 12/3/2004
Posts: 16
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In the same row of Date in the price chart,we can insert an "edit field". In that "edit Field", there is an item as "Bar % Change". Would you please give the definition for this term. Thanks.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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wluroc,
I added the eight bar specific criteria to Craig's original post. You can find more information on the Data Bar in the Online Help Files.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 22
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Is there a standard definition for some of the timescales used?
Example:
You define 30 day price trend vs market with a formula that actually uses the price from 4 weeks ago. (which I would have said was 20 days). So does that mean 4x5=20 bars (days) earlier, or does it use some other method.
In other cases there is mention of week, month, year etc and I am wondering if, in fact, all of these timescales are really simply a fixed definition of xx bars on a daily chart. That would mean it ignores trading holidays, etc.
Thanks.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Daily = 1 day
Weekly = 5 days
Monthly = 21 days
Yearly = 250
No time scales in TeleChart are based on calendar days.
- Craig
Here to Help!
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Registered User
Joined: 8/27/2005
Posts: 1
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Subject: how to use MACD cross over in personal criteria formula
Hi,
I am a subscriber of TC2005 gold membership.
To sort the stocks and indexes I want to use MACD cross over(blue MACD
line crossing the yellow line from Top and bottom). I searched in the
help files but I could not find any thing there. Can you please help
me the formula that can calucate the crossing of MACD on a weekly
chart and daily chart.
thanks
vasu
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Here is a video to check out. It includes PCF templates at the bottom for finding daily MACD crossing:
Understanding MACD
- Craig
Here to Help!
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Registered User
Joined: 10/13/2005
Posts: 1
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Hi,
Is "Percent Shares Held by Insiders" a variable that can be used in EasyScan?
Also, is the value updated daily and can you show past history on the value.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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All of these are conditions you can use in EasyScan (or as sorts).
Fundamental conditions like the Insiders are updated weekly on Saturday.
You can plot historical fundamentals in Worden Studio (download link at the top of this page).
You should check this out:
Worden Studio Resources
- Craig
Here to Help!
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Registered User
Joined: 10/14/2005
Posts: 33
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Craig S,
Thanks for the indicator definitions. I copied them to a word file.
Definitely a valuable resource.
Thanks,
Craig Hardison
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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My pleasure... anything for someone with such a great first name!
- Craig
Here to Help!
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Registered User
Joined: 1/3/2006
Posts: 2
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Craig,
 Appreciate the time you took to compile the comprehensive General Criteria list - Kuddos
Where may I SEE the criteria listed as "Bid - Vol" & "Ask - Vol", which I refer to as "Size" in a form, ie. 20 x 5, or 175 x 100, truncated in 100's? I would like to see these numbers for, and as I'm viewing, each chart; is this possible?
TY,
M
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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These conditions are only visible at the Platinum servcice level and only within the WatchList columns (tabs).
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 166
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Did a search for "organizing scans" and came up with this Forum. Its useful, but I still have one more question. Is there a way to better organize the different scans or chart variations ? eg. charts with variations on the indicators (TSV13, TSV38 ...with/without Rsi ...) or timeframes? Or scans with variations on the parameters (like sub-directories on the Scan list).
Given the various Watchlists I have, and the multiple vaiations on the chart indicators, I very often lose track (or distract myself) of the "theme or trend" I was looking for.
Ideas anyone?
Happpy Charting
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Registered User
Joined: 12/22/2004
Posts: 14
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Total return as a percentile differs from that determined by Mornigstar for the same time frame. I think you use Morningstar as a beginning basis for this determination, so why do your values differ so frequesntly.? Who is correct? The difference is large in say 25% of the cases observed.
You were going to check this out last summer and get back with your answer but I never heard from you.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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motmouth,
I do not know of a way to organize your different scans and chart variations beyond careful naming. You could organize them into something akin to folders by starting the names of related items with the same letters.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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As far as I know, we do not use Morningstar data. Percentiles are based on a base universe, and I'm pretty certain that we are not using the same base universe as Morningstar.
- Doug
Teaching Online!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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bhop,
Why would you think we us Morningstar in any way at all, let alone as a beginning basis for this specific determination?
Percentile ranks in TeleChart for Mutual Funds compare the value of a specific criteria relative to value of the same criteria for all ranked symbols in the database. If the actual value of a criteria is 5%, but this is greater than the actual value of the criteria for 95% of the other ranked symbols, the percentile rank will be 95.
In addition, in TeleChart for Mutual Funds, the displayed approximate value of a fundamental criteria will be the same for all symbols with the same percentile rank. This is not true of TeleChart 2005, where the actual calculated value for fundamental criteria instead of an approximate value. TeleChart 2005 also adds the ability to calculate a percentile rank versus a partacular Watchlist instead of being limited to reporting a percentile rank versus the entire market.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 166
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QUOTE (Bruce_L) motmouth,
I do not know of a way to organize your different scans and chart variations beyond careful naming. You could organize them into something akin to folders by starting the names of related items with the same letters.
Great idea!
I'll try it.
Thanks
Happy Charting
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Registered User
Joined: 12/25/2005
Posts: 2
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Can you tell me if TC2005 has a default watchlist setup for scanning all optionable stocks? If not, what I'm trying to do is setup up a watchlist to scan all optionable stocks and then maybe tweak some of the parameters as needed.
Can you help me?
Regards, CM
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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tcsirch,
There is a built in System Criteria called Optionable Stocks. Include it as an EasyScan condition along with any other parameters you wish to use to tweak your list:
Using EasyScan to find stocks that meet your own criteria
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 12/25/2005
Posts: 2
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Thanks Bruce I will check it out.
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Registered User
Joined: 1/21/2006
Posts: 9
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Craig,
I Noticed FX (Fixed Rate of Return)wasn't in the Definitions. I know what a fixed rate of return means but 2 Questions?
Do associated numbers mean anything (Price)?
How could a watchlist be sorted by the FX-rate?
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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The FX's (ie. FX20 is a fixed 20% annual rate of return) are not criteria that can be used as sorts, they are tickers for hypothetical price charts. One potential use of the FX's is to use one of them as the benchmark symbol when plotting relative strength. When plotting Relative Strength, many people plot it using the default SP-500 as the benchmark. Such a relative strength line would then be a plot of how your active symbol was performing compared to the S&P 500. When using an FX as the comparison, your relative strength line would be a plot of how your active symbol is performing compared to a fixed rate of return.
- Doug
Teaching Online!
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Registered User
Joined: 1/21/2006
Posts: 9
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Thanks Doug Great Idea!
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Registered User
Joined: 5/20/2005
Posts: 178
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Dear trainers,
would someone explain to me the differeces between 'price 1 year range' and '1 year price growth'?
thanks
james
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Registered User
Joined: 5/20/2005
Posts: 178
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from everything written above, am i correct stating that price 1 year range is the percentage of the difference of today's price minus price one year ago and that 1 year price growth is pretty much the linear regression line if you put it on the price graph for the latest year?
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Price 1-Year Range
This is price as a % of its one year range. A value of 100 would display price at a one year high. A value of 0 would display price at a one year low.
Example:
Highest High for one year: 20
Lowest Low for one year: 10
Close today: 15
The Price 1-Year Range for the above is 50. The close is 50% of the entire range between 10 and 20.
If the close was 12 the Price 1-Year would be 20.
If the close was 20 the Price 1-Year would be 100.
Price Growth Rate 1-Yr
This is the compound annual growth rate of price over the last year, derived using the least squares method.
The best way to see this is to plot a Linear Regression on price with a period of 250 THEN sort a WatchList by the criterion. You will see the relationship between the LR line and the Growth Rate.
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 27
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Thank you for this helpful reference.
thirdgrader
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