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 Gold Customer
Joined: 11/30/2004
Posts: 10
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How can I plot an indicator that shows the number of stocks in a list that have a positive RSI crossing of 30 divided by the number of stocks that had a positive RSI crossing 30 plus the number of stocks that had a negitive RSI crossing 70. Let's say in the SP500 there were 4 stock had postive crossing and 2 stocks had negitive crossings. That would look like 4 / (4+2) = .6667. And could I multiply that by 100 to make it easier to chart?
RSI14.1<30 and RSI14>30 divided by ((RSI14.1<30 and RSI14>30) + (RSI14.1>70 and RSI14<70))
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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While it is possible to create a Custom Index or Market Indicator in StockFinder, I do not know of an automated method of doing so in either TeleChart 2007 or TC2000 version 12.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Gold Customer
Joined: 11/30/2004
Posts: 10
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Thanks, I have two seperate indicators in Stockfinder one for each of the RSI crossing conditions. Is there a way to combine them to create a 0-100 indicator?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I'm sure it is possible to combine them in some fashion, but yuo would need to mathematically define how you wanted them combined.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Gold Customer
Joined: 11/30/2004
Posts: 10
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Hi Bruce,
I would like to calulate them like this.
(Postive RSI crossings / ( positive RSI crossings + Negitive RSI crossings)) *100
Is this possible?
Thanks,
Mike
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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- Add a Relative Strength Index (RSI) or Wilders RSI indicator to the chart and adjust the settings as desired.
- Right-click on the RSI indicator and select Create Condition.
- Select Crossing Up Through Value.
- Set Up Through to 30.
- Select OK.
- Right-click on the RSI indicator and select Create Condition.
- Select Crossing Down Through Value.
- Set Down Through to 70.
- Select OK.
- Right-click on each of the Conditions and select Create Market Indicator.
- Set the WatchList as desired and select Next.
- Choose Count Passing and select Next.
- Adjust the Calculation Settings as desired and select Finish.
- Drag and Drop the Crossing Up Market Indicator onto the Crossing Down Market Indicator.
- Select Plot Comparison | Add.
- Drag and Drop the Crossing Up Market Indicator onto the Add Comparison Plot.
- Select Plot Comparison | Ratio.
You can convert the Ratio Comparison Plot to a percentage by right-clicking on the Value Scale, selecting Edit and adding a % symbol to the end of the Number Format.
Creating Conditions
Market Indicators from Conditions
Comparison Plots
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Gold Customer
Joined: 11/30/2004
Posts: 10
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Thanks Bruce
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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