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Registered User
Joined: 3/19/2005
Posts: 47
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I am studying cycles and ways to isolate them in stock market data. One technique is to use synthetic data where the cycles are known, then study them. TC2005 is such a great tool to allow me to view quotes in different time frames and apply different indicators to them. Is there any way to create a fake indicator and import synthetic data?
Stephen Smith
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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You can create a "fake" indicator within the confines of the PCF language. You cannot import any quote data into TeleChart; real or fake.
- Craig
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Registered User
Joined: 3/19/2005
Posts: 47
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Then I will post it as a product enhancement.
Thanks,
Stephen Smith
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Registered User
Joined: 1/1/2005
Posts: 2,645
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Stephen,
You can construct any waveform you like as as a Custom Indicator, CI. The problem is that you can only apply built-in indicators directly to the CI. If you wish to observe the result of an indicator of your design applied to the waveform, you will, unfortunately, have to start anew with another CI. It can be done, if you live long enough.
Thanks,
Jim Murphy
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Registered User
Joined: 3/19/2005
Posts: 47
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Jim,
Thanks for the suggestion, but that really defeats the purpose. One technique that Millard uses in Channels and Cycles:A Tribute to J.M. Hurst is to create synthetic data, then use the techniques for analyzing cycles to show how you can study individual cycles. Theoretically if the price behaves in cycles, as there is a lot of evidence that it does, then if you are able to determine when longer and shorter cycles are all rising, the probability of a successful trade will be enhanced. While I'm reading the book, I'm trying to actually try what he is doing, then I want to use the same indicators on real data. Currently I'm using Excel for some and thinking of writing my own program to do some of the rest. I just think that if it were done by Worden Brothers, it would be available to everyone.
Stephen Smith
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