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 Gold Customer
Joined: 12/30/2004
Posts: 16
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I see in the Help file that T2117 is calculated using the following formula: NH/(NH+NL). From looking through the forum I gathered that this is based off NYSE stocks.
This is where I'm confused. I look at Yahoo tonight (8/9) and I see for NYSE, here are the following:
NH = 154
NL = 443
Based on this info and the formula, the calculated T2117 is 154/597, or 25.795. But T2117 as listed in tonight's download is 55.72. Why the difference unless it is using some other number/formula?
I don't always have my computer with me so sometimes I'm unable to see T2117 as calculated throughout the day. But I was hoping I can just glance at the Yahoo Market Digest table and calcuated it by hand quickly. Please tell me what I'm doing wrong. Thanks.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I am sure we are using a different universe of stocks than Yahoo. We only use stocks with common status on the NYSE. I don't know what the specifics are of the Yahoo universe.
- Craig
Here to Help!
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Registered User
Joined: 1/1/2005
Posts: 2,645
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jmlee88888,
As of 08/09/07, T2117 reads 28.27, not 55.72.
I used the PCFs H=MAXH252 and L=MINL252 to obtain counts for NYSE stocks in the ALL Stocks WatchList. The result was:
100*NH/(NH+NL) = 100*73/(73+176) = 29.32
It is difficult to see why intraday NH and NL would be of interest.
Thanks,
Jim Murphy
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Gold Customer
Joined: 12/30/2004
Posts: 16
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Thanks bustermu,
I use the NH/NL figure to see if we're near oversold conditions. For instance, if the NH is still below 10 (on NYSE) by noon, the chance of a collapse is very great. But if the NH is already 40 (on NYSE) by noon EST, the chance of a collapse is almost none existant.
I was just curious why the numbers I calculated by hand did not match the intraday download I got from Worden. I see now that the end of day T2117 on 8/9 was not updated until very late so I was looking at the previous day's number of 55.72. 28.27 and my 25.8 is close enough for me.
Thanks again.
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