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Relative Strength in TC2000 Topic Rating:
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MMLD
Posted : Friday, June 20, 2014 2:03:10 PM
Registered User
Joined: 1/15/2011
Posts: 41

Hello

I’ve seen in the discussion forum that is not possible to write symbols in relative strength PCF's.

So I assume it’s not possible to have the following relative strength indicator formula in TC2000

 (((C / close SPY) * 100)) /AVG52 ((C / close SPY) * 100))) - 1)*100

In TC2000 is there any other way to get this indicator? 

Thank You

Bruce_L
Posted : Friday, June 20, 2014 5:58:16 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Add a Relative Strength indicator with the Symbol of the RS indicator set to SPY.

Add a Price Percent Oscillator (PPO) indicator with the Short Period set to 1, the Long Period set to 52 and the Average Type set to Simple.

Then click on the PPO indicator and select Change Data Source to set the data source to Relative Strength vs SPY.

Change Data Source (3:38)



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
MMLD
Posted : Friday, June 20, 2014 7:03:23 PM
Registered User
Joined: 1/15/2011
Posts: 41

Thank you

HHA
Posted : Tuesday, March 29, 2016 10:48:32 AM
Registered User
Joined: 8/10/2014
Posts: 10

Dear Sir,

I would like to use something like this:

nRoC =  ( close(0) - close(len) ) / close(len)

nRoCSPY =  ( close(0,SPY) - close(len,SPY)  / close(len,SPY)

RS =  nRoC - nRoCSPY *100

Would this be possible, using the above mentioned apprioach ?

 

 

 

 

Bruce_L
Posted : Wednesday, March 30, 2016 11:02:10 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

I have not actually compared the formulas to see if the results would be exactly the same (probably not), but the results should be very similar.

Add a Relative Strength indicator with the Symbol of the RS indicator set to SPY.

Add a Rate of Change Percent indicator with the Period set to len.

Then click on the ROC% and select Change Data Source to set the data source to Relative Strength vs SPY.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
HHA
Posted : Friday, April 1, 2016 4:06:52 AM
Registered User
Joined: 8/10/2014
Posts: 10

Thank you Bruce

Indeed the number are not the same.

I would help me to understand the differences if you could show my the formula used voor the Relative Strengt indicator.

Would this by possible? Thanks in advance

 

Bruce_L
Posted : Friday, April 1, 2016 11:09:25 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Relative Strength is just the ratio of the price of the active symbol to the relative strength symbol. That really is all there is to it. Divide the price of the main symbol by the price of the relative strength symbol and done.

So if you calculate a Rate of Change Percent indicator on this over len bars, you would get the following (not actually a PCF which can be used in the program).

100 * ((close(0) / close(0,SPY)) / (close(len) / close(len,SPY)) - 1)

Or:

100 * (close(0) * close(len,SPY) / close(0,SPY) / close(len) - 1)



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
HHA
Posted : Friday, April 8, 2016 6:04:37 AM
Registered User
Joined: 8/10/2014
Posts: 10

Thx Bruce, the RoC on the RS works fine, but not when put into in a watchlist. Is there a fix ?

 

Bruce_L
Posted : Tuesday, April 19, 2016 11:52:31 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

This should work in TC2000 v16.0.5935.16314 and newer builds.

Release Notes



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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