Registered User
Joined: 2/19/2006
Posts: 89
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One of the best features I like on TC is the ability to obtain a percentage of time when an event occurs using the percent True Indicator. I am trying to use the same principle of when a stock in the S&P 500 closes in the upper 50% range of the daily range and how many times it has done so in the last 5 days.
I use 100 * ((C - L) / (H - L))>.50 as the percent true indcator with a smoothing average of 5
When I sort the indicator by actual value and then view them in descending order it has symbol DJ 3rd on the list with a sort value of 100% but looking at the chart I can clearly see that on 7/12 and 7/13(with in the last 5 days) the stock closed well under 50% of the daily range. Is there something I am doing wrong or not understanding?
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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The 100* means you need this....
100 * ((C - L) / (H - L))>50
No decimal. You could also do this:
(C - L) / (H - L)>0.50
- Craig
Here to Help!
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