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Registered User
Joined: 2/27/2005
Posts: 8
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I would like to find short term (2-3 bottoms and tops/month)recurring cycles in a cumulative personal indicator and also a scan. A 3 day ROC of a 3 day ROC of a short MACD (say 8/5/3) works whereas a stochastic or Wilder RSI doesnt seem to work. The end result of the indicator would ideally produce 1 nice short wave where a stock had a 4 or 6 month pattern in that particular 7-10 day span. I could do a visual sort of that or scan with a separate easy scan for the best matches. Thanks , Slyman
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Is the ROC of ROC of MACD (RRM) the indicator or are you looking for help on creating something else?
You can plot your RRM on the chart. Do you know how to do this?
I am not exactly clear what you are asking for... could you help me out a bit?
- Craig
Here to Help!
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Registered User
Joined: 2/27/2005
Posts: 8
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Look at the stock ANSI. Since at least last summer buying it on the 23 rd of the month was a good bet. Adding the values of ROC/ROC/MCD at that time of month for several months would have produced a relatively low sum. When you got to the 23rd and were summing for 21,42,63, etc days ago it would seem possible to show this on a personal indicator. You could then do a visual sort for low indicator value.It might be possible to sum the difference between a 2or3 day mov. avg and 5 or 6 dma. I would think this method could also be used in a Easy Scan. Slyman
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Registered User
Joined: 2/27/2005
Posts: 8
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Is ROC something that can be added to pcf's?
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Registered User
Joined: 10/7/2004
Posts: 799
Location: Duluth, GA
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ROC can be added very easily to PCF's. ROC= Rate Of Change, and in TC it is simply the subtracted DIFFERENCE between the value today and the value on some prior day.
For example, the ROC(Close,3) = C-C3, ROC(TSV,3) = TSV - TSV.3, etc
A MACD is simply the difference of two Exponential Moving Averages:
12,26 MACD = XAvgC12-XAvgC26
So, the ROC(MACD,3) = MACD today - MACD 3daysago =
XAvgC12-XAvgC26 - (XAvgC12.3-XAvgC26.3)
If you want the ROC of the ROC of MACD, it works the same way, but gets sort of messy-looking. For example,
ROC( ROC(MACD,3), 5 ) =
XAvgC12-XAvgC26 - (XAvgC12.3-XAvgC26.3) -
( XAvgC12.5-XAvgC26.5 - (XAvgC12.8-XAvgC26.8) )
I hope this helps!
Jim Dean
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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The formula for ROC in TeleChart is:
M-Mx
M = Recent data
Mx = Data x days ago
So a Price ROC is:
C-C3
I am still working on your request... sorry it is taking so long.
- Craig
Here to Help!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Getting close.... here is the formula for the value of your 2nd ROC of ROC of MACD (if your MACD is not exponential, remove the Xs):
Xavg(XAvgC8,3)-Xavg(XAvgC5,3) - (xavg(XAvgC8.3,3)-xavg(XAvgC5.3,3)) - ((xavg(XAvgC8.3,3)-xavg(XAvgC5.3,3)) - (xavg(XAvgC8.6,3)-xavg(XAvgC5.6,3)))
I should have your custom indicator very soon....
- Craig
Here to Help!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Plot this as your custom indictator:
(Xavg(XAvgC8,3)-Xavg(XAvgC5,3) - (xavg(XAvgC8.3,3)-xavg(XAvgC5.3,3)) - ((xavg(XAvgC8.3,3)-xavg(XAvgC5.3,3)) - (xavg(XAvgC8.6,3)-xavg(XAvgC5.6,3))))+(Xavg(XAvgC8.21,3)-Xavg(XAvgC5.21,3) - (xavg(XAvgC8.24,3)-xavg(XAvgC5.24,3)) - ((xavg(XAvgC8.24,3)-xavg(XAvgC5.24,3)) - (xavg(XAvgC8.24,3)-xavg(XAvgC5.24,3))))+(Xavg(XAvgC8.42,3)-Xavg(XAvgC5.42,3) - (xavg(XAvgC8.45,3)-xavg(XAvgC5.45,3)) - ((xavg(XAvgC8.45,3)-xavg(XAvgC5.45,3)) - (xavg(XAvgC8.48,3)-xavg(XAvgC5.48,3))))+(Xavg(XAvgC8.63,3)-Xavg(XAvgC5.63,3) - (xavg(XAvgC8.66,3)-xavg(XAvgC5.66,3)) - ((xavg(XAvgC8.66,3)-xavg(XAvgC5.66,3)) - (xavg(XAvgC8.69,3)-xavg(XAvgC5.69,3))))
This will sum the value of the ROC/ROC/MACD today with the value 21,42 and 63 days ago and plot it.
Did I understand things correctly?
*whipes brow*
- Craig
Here to Help!
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