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Registered User
Joined: 12/28/2004
Posts: 11
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Hi:
How do I get to see more than one %true type indicator when I am sorting? I have three such indicators that I want to track at once in the upper pane of my chart. However they do not appear on the insert column list, so I can only view the one I am sorting by at any given time. 
Thanks
Georgia
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Unfortunately, you can't currently add the custom indicators as additional columns in your WatchList section. This suggestion has previously been sent to the Development Team for their review and consideration.
- Doug
Teaching Online!
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Registered User
Joined: 12/28/2004
Posts: 11
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Doug:
I am trying several other ways to skin this cat. My first thought is to try to sort by the comparison % difference between two %true indicators, namely the "set-up" function and the "set-up with positive outcome" function. That way I am directly seeing what % of the times I have the set-up I get the positive outcome. Unfortunately, for some reason this is not calculating properly and displaying in the sort value. I have the % true indicators visible in the top window and can see the values so I know what the outcome should be--say 28 for the set up averaged over 250 days and 18 for the set-up with follow-through also over 250 days so I would expectto see % difference as 100 - (25/38). Unfortuantely that is not what is coming up. 
I then tried to generate a function that was the average of the Boolean function using AVG(boolean fucntion,250) syntax, but that didn't work--it gave me an error message. seems to me that would be a useful thing to be able to do.)
Any ideas on what is going wrong with the first method?
Georgia
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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I'm a very visual person, Georgia. If you could give me the two % True formulas you're plotting, I'll duplicate it here and see if I can figure out what's going on.
- Doug
Teaching Online!
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Registered User
Joined: 12/28/2004
Posts: 11
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Here is my set-up function
AVGC50.40 > 5 AND AVGV50.40 > 2500 AND C40 > AVGC50.40 AND AVGC50.40 > AVGC200.40 AND AVGC50.40 > AVGC50.41 AND AVGC200.40 > AVGC200.41 AND 100 * (MAXH10.40 - MINL10.40 ) / (10 * (AVGH10.40 - AVGL10.40 ))<=30
this function tests that stocks have prices above $5 and good volume, that they are uptrending, and that they have been in a consolidation as of 40 days ago.
Here is my set-up and follow through function
AVGC50.40 > 5 AND AVGV50.40 > 2500 AND C40 > AVGC50.40 AND AVGC50.40 > AVGC200.40 AND AVGC50.40 > AVGC50.41 AND AVGC200.40 > AVGC200.41 AND 100 * (MAXH10.40 - MINL10.40 ) / (10 * (AVGH10.40 - AVGL10.40 ))<=30 AND (maxh40 - c40)>2*(c40-minl40)
This function does all of the above and checks to see that the most favorable excursion in the next 2 months is at least twice as big as the maximum adverse excursion. In other words reward beat risk by 2 to 1.
I take a simple average of both of these over 250 days.
If I could see the % difference of the set-up plus followthrough versus the set-up alone then I would be testing the % of the time that the set-up was a good predictor of positive price action.
thank you for looking at my problem!
Georgia
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Georgia:
Thanks for being so specific about what you wanted. That helped.
I copied and pasted your two PCF's, updated them, and then plotted them both as % True indicators in the top window (using 250 day simple smoothing averages). I sorted the setup compared to the setup with follow thru, and after several attempts, I was getting erroneous results...stuff I couldn't figure out. At first I thought maybe you had accidentally sorted one indicator by itself...easy to do, since you can't name them and they look identical in the compared to pull-down menu. However, I think something else is going on.
I'm going to need to refer you to the tech agents so that they can re-create your scenario (as I did) and try to figure out what's happening. I don't think it's an error on my part or your part...the data results really did look funky. I could be wrong, but the best place to investigate further would be with tech support.
Email them at support@worden.com. I would suggest that you copy and paste your last post to include in your email. Also, I found that your explanation of your strategy served to muddy the waters a little as I was trying to figure out the problem (even though I eventually figured out what you were trying to do). Perhaps when you email support, you could refer to "my first indicator formula" and "my second indicator formula". I would just tell them that you've got these two % true indicators, and you're trying to sort one compared to the other to get a percent difference calculation.
Sorry I couldn't come up with an answer here in the forum for you.
- Doug
Teaching Online!
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