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Relative Strength PCF Condition Rate this Topic:
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ChartPilot
Posted : Tuesday, March 5, 2013 6:53:46 PM
Platinum Customer Platinum Customer

Joined: 10/7/2004
Posts: 3

Tech support suggested that I post here and ask for a PCF be written for me for what I am trying to do. But I hope future versions will have this capability built in.

I plot Relative Strength of a stock vs. SP-500 (and I also have Relative strength vs. Industry and Sub-industry).

I also use a 10- and 40- period moving averages of relative strength.

 

(1) When I right click the relative strength ("RelS vs SP-500"), there is no "create condition" in the dropdown menu.  So I looked to see if I could create conditions of the moving averages of Relative Strength instead:

(2) When I right click the "Avg 10" I can create a scan condition, and add column to watch list and sort, but the column ends up empty eventhough I know the condition is satisfied for many stocks in the watchlist.   When I save the condition to the library and then add the condition as a column to the watchlist, the column is still empty.

(3) When I right click the "Avg 10" and select "show values in watchlist,"  I get a column that has just 3 dots "..." for each stock in the watchlist.

 

Bruce_L
Posted : Wednesday, March 6, 2013 8:24:36 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

I do not know of a practical automated method of writing Relative Strength PCFs in either verison of TC2000 as the Personal Criteria Formula Language does not have syntax for referencing other symbols. You may wish to review the following for a semi-automated technique for creating Relative Strength in a PCF:

Indexes in PCF's
RSMA PCFs

It should also be noted that when you click on a Relative Strength (RS) indicator, there will not be an option to Create Scan Condition as there is for most indicators. There will be an option to do this on a child indicator such as a moving average of RS, but even though the option is available, it will not work.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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