Registered User
Joined: 10/7/2004
Posts: 5
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IN MY WATCH LIST I INCLUDE TWO TRUE AND FALSE COLUMNS: TSV16>0 AND MS>0. ON THE CHARTS,I INCLUDE THE INDICATORS TSV16 WITH MOVING AVERAGE 3 AND MS. IN VIEWING THE WATCH LIST, I NOTE THAT FOR CERTAIN STOCKS, TSV16>0 AND/OR MS>0 SHOW FALSE; WHEREAS THE INDICATORS ON THE CHARTS SHOW THEM TO BE TRUE. IN TESTING THE PCF, THE NUMBERS(E.G. 14.52>0 FOR MS)SHOW THE RESULT TO BE TRUE AS DO THE INDICATORS. WHY THE DISCREPANCIES AND WHICH RESULTS ARE RELIABLE?
I HAVE TALK TO TECHNICAL SUPPORT AND YOUR CHAT SUPPORT, BUT THEY DON'T HAVE AN ANSWER AND ADVISED ME TO ASK TRAINING FOR AN ANSWER. ONE PERSON SUGGESTED THAT I E-MAIL MR WORDEN HIMSELF, SINCE HE WAS THE ONE WHO DEVELOPED MONEY STREAM. IS THAT MY LAST RESORT?
I WOULD APPRECIATE YOUR HELP WITH THIS RECURRING ISSUE.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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You cannot use MS>0 as a valid PCF. The MoneyStream is a cumulative indictator so its ACTUAL value is meaningless. One stock can have a MS of -453 and another one with a MS of -1,343 might have a stronger MoneyStream. Please check out this thread to see what I mean:
Using EasyScan to find stocks that meet your own criteria
What are you trying to find with your MS PCF? Have you watched the MoneyStream video by Peter Worden to learn how to read the indicator?
Books & Videos
TSV16>0 is valid and should only be TRUE if the TSV16 is above 0.
Be sure your plotted TSV is plotted SIMPLE (or we need to change the PCF to exponential). Also, be sure you are looking at daily charts.
Are you updating your PCFs everytime you update your data?
- Craig
Here to Help!
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