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Worden Discussion Forum » Customer Training & Support » PCFs, EasyScan and Custom Indicators » Price Oscillator Scan

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mcsims
Posted : Sunday, October 22, 2006 9:35:38 PM
Registered User
Joined: 8/25/2006
Posts: 15
 I have searched and searched but still cant get it...

I have a search in Metastock I use...it is
col A: OscP(10,30,E,percent)
col B: volume*close
filter: colB >= 1000 and colA >5 and colA <=9

All this is, is a price oscillator using a percent and using the 10dmae and the 30dmae and showing a 5% and less than 9% change.

How can I duplicat this into a PCF...What I have so far is

custom indicator: (XAVGC10-XAVGC30)/XAVGC30

How do I ask for the percentage differance?

Thanks

MIke
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diceman
Posted : Sunday, October 22, 2006 10:23:39 PM
Registered User
Joined: 1/28/2005
Posts: 6,049
 mcsims

If I am understanding you.
Try this:


(XAVGC10/XAVGC30*100)-100


Thanks
diceman
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mcsims
Posted : Sunday, October 22, 2006 10:39:58 PM
Registered User
Joined: 8/25/2006
Posts: 15
 diceman...

thanks for the post...the understanding I have of the percentage price oscillator(PPO)is (10-period EMA minus 30-period EMA) divided by the 30-period EMA...subtracting the longer moving average from the shorter moving average and then dividing the result by the longer moving average.

I am not very good at writing these scans or explaing them... so I dont know if what you have there is the same or not when it comes to the PPO.

I want my PPO scan to capture all the results greater than 5% and less than 9%. I want to exclude stocks that do not meet these conditions
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diceman
Posted : Sunday, October 22, 2006 10:43:58 PM
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Joined: 1/28/2005
Posts: 6,049
 Try this then:

(XAVGC10-XAVGC30)/XAVGC30*100


Thanks
diceman
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diceman
Posted : Sunday, October 22, 2006 11:00:31 PM
Registered User
Joined: 1/28/2005
Posts: 6,049
 I just realized these are 2 ways to do the same
thing. (both have the same answer)
(this is the percent diff between the 2 mavs)

If this is the correct calculation. you
could do something like(in a % true):

((XAVGC10/XAVGC30*100)-100)>5AND((XAVGC10/XAVGC30*100)-100)<9

Thanks
diceman
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mcsims
Posted : Monday, October 23, 2006 12:24:25 AM
Registered User
Joined: 8/25/2006
Posts: 15
 diceman

You are correct...I ran a scan in tc then exported it to MS and they say the same thing...

Thanks allot for your time...

Now I have to post another question

Mike
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Savrad
Posted : Monday, April 30, 2012 11:59:05 AM
Gold Customer Gold Customer

Joined: 1/24/2005
Posts: 97

Diceman I tried that formula and got this error message:  http://screencast.com/t/7fDLlZmDkhLI 

Am I missing part of it?

Paul
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StockGuy
Posted : Monday, April 30, 2012 12:30:45 PM

Administration

Joined: 9/30/2004
Posts: 9,187

You need to plot a Custom % True indicator since it is a Boolean formula.
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Savrad
Posted : Tuesday, May 1, 2012 10:13:24 PM
Gold Customer Gold Customer

Joined: 1/24/2005
Posts: 97

Thanks-I'll try that!
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