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Registered User
Joined: 10/7/2004
Posts: 43
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In both Telechart and Blocks 2 there is a gadget for Price Percent Change, but I don't understand how to use it.
Can you explain ( and perhaps show with pics ) how to set it to show a price percent change of say - 8% and an increase of 10%.
Time frame isn't too important in this example, it was set for a month when I grabbed the pic.
The numbers available seem to bear no resemblence to percentages and I need help understanding it  
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Registered User
Joined: 10/7/2004
Posts: 43
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Sorry for the double post, but I screwed up the picture format and can't see any way to edit a post.
So I'll try a second time ...
In both Telechart and Blocks 2 there is a gadget for Price Percent Change, but I don't understand how to use it.
Can you explain ( and perhaps show with pics ) how to set it to show a price percent change of say - 8% and an increase of 10%. Either way is fine, but both ways is better 
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Using value it allows you to set the range for
percent change 1 month.
The way it is set in your picture. you will select
stocks from -2.33645 to the minimum.
Using rank you can select by where they
are in the list.
(for example the lower 50% of values)
You may be interested in this:
http://www.worden.com/training/default.aspx?g=posts&t=23
Thanks
diceman
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Registered User
Joined: 10/7/2004
Posts: 43
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I have viewed the video but it still doesn't really explain it very well.
In the case above, if you drag the top of the blue area down to the 10 mark it does not correlate to a -10% change in the stock price over 30 days.
It seems to me that a percent price change gadget should have a zero line in the middle and you could move the indicator above or below that line to get certain percentage drop or increase in the price percentage.
That is where my problem lies, trying to understand how to create a percent price change that will produce a list of stocks that have dropped or raised a given percentage in the last 30 days.
There is just something about this that I am not understanding correctly.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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It is based on the "real" calculated values of the indicator.
Notice the 8.170916 at the top and the -9.41 at the bottom.
(of your picture)
This is the range of the indicator.
(notice that zero is close to the center)
------------------------------------------------------------------------
If you look at the scale.
(in your picture above)
approx 90% of the stocks are 8.17 or less.
75% are 2.2 or less.
50% are -.97 or less
25% are -4.41 or less
10% are -9.41 or less
(the leftside are calculated values)
(the rightside is the percent of stocks)
Notice in the above example. You are asking for the
bottom 37% of stocks.
(notice the blue shaded area goes from half way
between 50 and 25 to the bottom)
--------------------------------------------------------
Imagine the whole bar was blue.
(you would not filter any stocks)
Imagine the blue went from -.97/50 to the top.
(you would eliminate the bottom 50% of stocks)
Imagine the blue went from -.97/50 to the bottom.
(you would eliminate the top 50% of stocks)
All my number are approximate but it should give
you an idea of what's going on.
Thanks
diceman
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Registered User
Joined: 10/7/2004
Posts: 43
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Ok, I finally got my dim low-watt brain around this ... I think.
I set up an Easy Scan using All Stocks and the Price Percent Change 1 month.
Then I set it to sort on the Price Percent Change 1 month and added a column to show the sort value to show me the price percent change.
After playing with the slider I finally got it through my thick skull how to set the thing to get the desired results. I can now get a list of stocks that went up between 5 and 25 percent or that went up from 10 percent to max or just about anything in between.
I still think the markings on the gadget could be more clear for dummies like me ... but hey they say when you learn something the hard way you are more likely to remember it 
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Glad you got it.
Realize that the slider tool is a convenience.
If we really need exact numbers PCF equations
can be constructed that can get us exactly what is
needed.
Something like:
(percent change 1 month)>5 and
(percent change 1 month)<25
(and so on)
Thanks
diceman
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