| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 2/14/2011
Posts: 76
|
I've been using stockcharts.com membership for a long time now and a great indicator for market health is taking nyse advance-decline chart and plotting it as cumulative and adding moving averages to that data. Anyone know how to do that? It only gives me different kinds of price bars or lines to choose from in price history edit.
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
I'm not quite getting the link between Editing the Price History Indicator and the NYSE Advance Decline Line. If you want an Advance Decline Line for the NYSE, select Add Indicator/Condition to Chart | Advance Decline Line and then left-click on the Advance Decline Line to bring up its Edit window so you can change the List to NYSE.
Working with Indicators
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 2/14/2011
Posts: 76
|
I look at the advance decline in my main chart and then I add moving averages to it. I don't use it as an indicator under other charts. nyse & nasdaq Advance-decline lines go above and below zero. So if you make the nyse advance-decline price history cumulative it adds all positive and negative values together. The numbers that they add up to don't matter as much as whether it's above it's 50 and 200 day moving average of the cumulative total.You'll see what I mean in this link...http://blogs.stockcharts.com/step_by_step/2009/12/creating-a-cumulative-indicator-ad-line.html
|
|
Registered User
Joined: 2/14/2011
Posts: 76
|
Can stockfinder 5.0 make a cumulative chart?
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
Yes, StockFinder 5 can plot Cumulative Charts. I do not know why the Advance Decline Indicator got replaced with the Advance Decline Oscillator. I am trying to get it fixed now.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 2/14/2011
Posts: 76
|
How do I plot nyse advance-decline cumulative chart as my main chart?
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
You should be able to Open an attached Chart directly into a running copy of StockFinder 5 (and save it from within StockFinder 5 if desired). You could also copy and paste the Chart into the \My Documents\StockFinder5\(Your Username)\My Charts\ folder and then load it like you would any other Chart. Attachments:
Cumulative NYSE AD Line.sfChart - 50 KB, downloaded 689 time(s).
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 2/14/2011
Posts: 76
|
So is there no edit function that turns price into cumulative? I use cumulative for nyse volume and new highs/new lows as well so it would be nice to change price bars to cumulative for any chart. Did you do this in realcode?
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
No, there isn't a simple Edit to turn Price into a cumulative Indicator. Technically, Price already is a cumulative Indicator of its Net Changes. You could create numerous other cumulative Indicators based on Price, but the most "obvious" solution of just adding Price onto the previous total would always go up and never go down since the Price of a real stock can never be negative.
Other Indicators are cumulative or not on a case-by-case basis. The Advance Decline Line should be cumulative. On Balance Volume is cumulative. MoneyStream is cumulative.
Most Oscillators (that cross through zero) could be made cumulative by simply adding the current Value of the Oscillator to the previous Value of the cumulative version of the Indicator, but this generally does not make sense for Indicators which do not cross through zero as they will either always go up or always go down.
I've attached an Indicator that should do just that. When you first add the Indicator to another Indicator, it will be Scaled with that Indicator. You would normally want to right-click on the Cumulator Indicator and select Scaling | Scale With | On Own Scale once you add it as the Scale of the Parent is not generally the desired Scale for a Cumulative conversion of an Oscillator.
You should be able to Open an attached Indicator directly into a running copy of StockFinder 5 (and save it from within StockFinder 5 if desired). You could also Save it to the \My Documents\StockFinder5\(Your Username)\My Indicators\ folder and then load it like you would any other Indicator (or Copy and Paste it there from wherever it Saves if you can't specify the destination directory when Saving).Attachments:
Cumulative.sfChild - 2 KB, downloaded 589 time(s).
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 7/25/2011
Posts: 17
|
is NYSE advance decline indicator available in tc2000? i don't see it as a choice. thanks.
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
TC2000 does not have an advance decline line available as an indicator.
But there are Market Indicators built into TC2000 which can be displayed as symbols:
Worden’s Market Indicators (T2s)
Market Stats, TICK and TRIN
So you could use either T2100 or $NYAD as these both represent a NYSE Advance Decline line.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 7/25/2011
Posts: 17
|
do any worden products have nyse adv decl line ?
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
Yes.
As the main topic already indicates prior to your first question in this topic, StockFinder has an Advance Decline Line as an indicator. It can be set to any WatchList including the NYSE.
As my answer to your first question in this topic indicates, there are two NYSE Advance Decline lines available is symbols instead of as indicators which can be used in TC2000 (they can also be used in StockFinder).
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 7/25/2011
Posts: 17
|
thank you.
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
|
Guest-1 |