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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Custom Indicators used by John Bollinger

Custom Indicators used by John Bollinger Rate this Topic:
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Pappy
Posted : Wednesday, April 16, 2008 1:47:20 PM
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Joined: 10/7/2004
Posts: 71
 John Bollinger uses two custom indicators that I would like to recrreate in Blocks 3.

1.
Intraday Intensity: A volume indicator that depicts the flow of funds for a security based on where it closes in its range. Developed by David Bostian. 
The formula:

(2*close-high-low)/(high-low)*volume

2. Accumulation Distribution: A volume indicator based on the relationship of the open to the close of each period. Created by Larry Williams.
The formula:

(close-open)/(high-low)*volume

Can you set these indicators up for me and post them in the Blocks 3 Shared area so I might paste them into my layout?
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Bruce_L
Posted : Wednesday, April 16, 2008 2:08:32 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 I've Shared a Chart. If you want to take a look:

Select Share | Charts.
Type Pappy31206 in the Search line and select Search.
Select the Pappy31206 Chart.
Select Open.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Pappy
Posted : Wednesday, April 16, 2008 2:15:09 PM
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Joined: 10/7/2004
Posts: 71
 Thanks Bruce
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Bruce_L
Posted : Wednesday, April 16, 2008 2:15:48 PM


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Joined: 10/7/2004
Posts: 65,138
 You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Pappy
Posted : Wednesday, April 16, 2008 2:46:31 PM
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Joined: 10/7/2004
Posts: 71
 In studying these custom indicators further, I see they can be normalized as Volume Oscillators using this formula:

10 day sum of {(close-open)/ (high-low)* volume}/10 day sum of volume
 
also, a 20 oscillator as well. This should produce a histogram which I think will be easier to read and interpret. Can you provide these normalized versions?
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Bruce_L
Posted : Wednesday, April 16, 2008 3:22:35 PM


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Joined: 10/7/2004
Posts: 65,138
 I've added the Oscillators to the Shared Chart. You can use QuickEdit to change the Period from 10 to 20 if desired.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Pappy
Posted : Wednesday, April 16, 2008 3:54:56 PM
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Joined: 10/7/2004
Posts: 71
 Again, Thanks
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Bruce_L
Posted : Wednesday, April 16, 2008 3:59:42 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 You're welcome.
-Bruce
Personal Criteria Formulas
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yourchef51
Posted : Thursday, May 8, 2008 12:08:32 PM
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Joined: 7/1/2007
Posts: 9

Is there a way to use this on Telecharts instead of Blocks?  Thanks.
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Bruce_L
Posted : Thursday, May 8, 2008 2:08:55 PM


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Joined: 10/7/2004
Posts: 65,138
 yourchef51,
Please try one or more of the following:

Intraday Intensity (Cumulative):

Select Chart Template | Add Indicator | Cumulative.
- Visible: Checked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1).
- Up Condition: C < C + 1
- Down Condition: C > C + 1
- Value To Add/Subtract: V * (2 * C - H - L) / (H - L)

Accumulation Distribution (Cumulative):

Select Chart Template | Add Indicator | Cumulative.
- Visible: Checked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1).
- Up Condition: C < C + 1
- Down Condition: C > C + 1
- Value To Add/Subtract: V * (C - O) / (H - L)

10-Period Volume Oscillator:

Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Checked
- Plot using price scale: Unchecked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1)
- Indicator Formula: (V * (C - O) / (H - L) + V1 * (C1 - O1) / (H1 - L1) + V2 * (C2 - O2) / (H2 - L2) + V3 * (C3 - O3) / (H3 - L3) + V4 * (C4 - O4) / (H4 - L4) + V5 * (C5 - O5) / (H5 - L5) + V6 * (C6 - O6) / (H6 - L6) + V7 * (C7 - O7) / (H7 - L7) + V8 * (C8 - O8) / (H8 - L8) + V9 * (C9 - O9) / (H9 - L9)) / 10 / AVGV10

20-Period Volume Oscillator:

Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Chceked
- Plot using price scale: Unchecked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1)
- Indicator Formula: (V * (C - O) / (H - L) + V1 * (C1 - O1) / (H1 - L1) + V2 * (C2 - O2) / (H2 - L2) + V3 * (C3 - O3) / (H3 - L3) + V4 * (C4 - O4) / (H4 - L4) + V5 * (C5 - O5) / (H5 - L5) + V6 * (C6 - O6) / (H6 - L6) + V7 * (C7 - O7) / (H7 - L7) + V8 * (C8 - O8) / (H8 - L8) + V9 * (C9 - O9) / (H9 - L9) + V10 * (C10 - O10) / (H10 - L10) + V11 * (C11 - O11) / (H11 - L11) + V12 * (C12 - O12) / (H12 - L12) + V13 * (C13 - O13) / (H13 - L13) + V14 * (C14 - O14) / (H14 - L14) + V15 * (C15 - O15) / (H15 - L15) + V16 * (C16 - O16) / (H16 - L16) + V17 * (C17 - O17) / (H17 - L17) + V18 * (C18 - O18) / (H18 - L18) + V19 * (C19 - O19) / (H19 - L19)) / 20 / AVGV20

You may wish to review the following:

Plotting Custom Indicators with Examples
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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