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Registered User
Joined: 1/27/2013
Posts: 17
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Where do I find "Custom PCF % True" to customize, edit or add a scan? Can not find a tab or drop down from my chart.
Thanks,
WayneWM
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Select Add Plot to Chart (the green + in the upper left corner of the chart) and then select Custom PCF % True Indicator from the list.
Adding and Moving Indicators (7:19)
-Bruce
Personal Criteria Formulas
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Registered User
Joined: 3/3/2013
Posts: 57
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Morning Bruce,
PCF help Please : Want to test various MACD periods & its ability to reward as a % True PCF.
(if correct, do I only need to play around w/ the MACD &/or % C change settings to "optimize"?)
(and for Bearish trends, do I only reverse the > to a < sign)?
Here's what I started:
%True period 250 (past year)
Avg Type Simple (?)
Boolean Formula:
XAVGC12 - XAVGC26 > XAVG(XAVGC12,9) - XAVG(XAVGC26,9) (Standard MACD period)
AND
100 * (C / C5 - 1) > 1.05 (% change last 5 Days > 5%)
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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While I'm not quite sure exactly what you are trying to do, the basic idea of just changing the periods in the formula should work.
If you want to make comparisons, you could plot both Custom PCF % True Indicators on the chart at the same time.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/3/2013
Posts: 57
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The premise is to check the % of the time that MACD will reward @ 5% when above it's signal line.
And if the formula is okay, then I what I'm hung up with is the % True period.
A long period 250 days will search all the times the Boolean Formula was true this past year only?
While a shorter period 63 days will search % true this past Qtr only?
And the Avg Type based on Simple (S) lags while the Exponential (E) is more current but Front Weighted (FW) is even more current? FW>E>S in revealing the most current data?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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If you are trying to find out the percentage of the time something is true over a fixed period of time, then you are best off with a simple moving average.
A period of between 250 and 260 is usually good for about a year (I usually use 252).
A period of 63 is probably the best to use for a quarter.
Both exponential and front weighted moving averages weight more recent data more heavily than older data.
An exponential moving average does this in a way that each previous value contributes a certain percent less than the more recent value. This means that it can use all of the data, but that the contribution of older data is much smaller than more recent data.
In a front weighted average the contribution of each previous value decreases linearly. This means that like a simple moving average it only uses period bars of data for its calculations.
The lag of both simple and exponential moving averages is (P - 1) / 2. The lag of a front weighted moving average is (P - 1) / 3.
Lag Efficient Moving Average
Hull Moving Average
Wieghted Moving Average
-Bruce
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