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jonedyer
Posted : Tuesday, January 20, 2009 9:49:46 PM
Registered User
Joined: 12/10/2004
Posts: 14
Would like to sorte a watchlist useing (beta/(C-AVGC126))*100. How can it be done?
        Thanks for your help,  jonedyer
Bruce_L
Posted : Wednesday, January 21, 2009 8:05:00 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
While it should be possible to construct this in StockFinder, I do not know of a way to do this in TeleChart. The Personal Criteria Formula Language does not have syntax for referencing other symbols or fundamentals.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
bustermu
Posted : Wednesday, January 21, 2009 1:41:51 PM
Registered User
Joined: 1/1/2005
Posts: 2,645

QUOTE (jonedyer)
Would like to sorte a watchlist useing (beta/(C-AVGC126))*100.


jonedyer,

Division by an oscillator like C - AVGC126 causes problems including possibly a division by zero.  In order to see the problem, please construct a Custom Indicator with Indicator Formula:

(1/(C-AVGC126))*100

Since Beta = 1 for SP-500, the problem is faithfully illustrated by observing SP-500 on Zoom = 1.

In order to further illustrate the problem of sorting a watchlist by:

(beta/(C-AVGC126))*100,

approximations were made to sort the approximately 6350 stocks which had sufficient data for the computation.  On 01/19/09, the symbol FSN had next to the lowest sort value, and, on 01/20/09, it had seventh from the highest sort value.  Whatever the objective, such changes are likely unacceptable.

Thanks,
Jim Murphy

jonedyer
Posted : Thursday, January 22, 2009 10:48:37 AM
Registered User
Joined: 12/10/2004
Posts: 14
Thank you for your information. According to what I have read, a 22 week period for alpha of an ETF or stock divided by standard deviation gave the best return. Can alpha be found with TC2005?
Bruce_L
Posted : Thursday, January 22, 2009 10:56:51 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
jonedyer,
Alpha is not available as one of TeleChart's built in System Criteria.

Definitions of all built in scanning and sorting criteria

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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