 Platinum Customer
Joined: 10/7/2004
Posts: 10
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I can easily set up a "cumulative' indicator in the program, but have not been able to find any info on both how to use them or, more importantly, how to incorporate them in scans. Can anyone shed some light on this for me? Thanks in advance!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The trainers can't give setting, interpretation or investment advice. I have no suggestions as to how or why you want to use a particular Custom Cumulative Indicator.
The Smoothing Average is the period of a Moving Average applied to the results of the calculations used in calculating the Custom Cumulative Indicator. If this is 1, the results are the same as if no Moving Average has been applied.
The Average Type (Simple or Exponential) is the type of Moving Average used for the Smoothing Average (if this is Smoothing Average is 1, the Average Type does not matter.
The Up Condition must be a Boolean (True or False) formula. If the Up Condition is True, the Value To Add/Subtract will be added to the Custom Cumulative Indicator.
The Down Condition must be a Boolean (True or False) formula. If the Down Condition is True, the Value To Add/Subtract will be subtracted from the Custom Cumulative Indicator.
The Value To Add/Subtract must be a formula that calculates a value (not True or False). This result is added and/or subtracted from the Custom Cumulative Indicator based on if the Up Condition and/or Down Condition are True.
As a general rule, the actual value of a cumulative indicator is meaningless. You are generally more interested in the value of the cumulative indicator relative to a previous value, its range over time or to a Child Indicator of some sort (such as a Moving Average). The Dealing with OBV & MS in PCF's - how to interp their "values" topic goes into this in more detail.
It is not possible to use the value of a Custom Cumulative Indicator in a Personal Criteria Formula or EasyScan. It is possible to use Indicator Sorting on the Custom Indicator however.
Comparing indicators using Visual Difference sorts
Sort by Visual Value to find new highs and lows in price and indicators
Sort using envelopes, regression channels and Bollinger bands
Sorting price and indicators by their Actual Value
Real time indicator sorting (available at the Platinum level)
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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