Registered User
Joined: 2/4/2007
Posts: 10
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Hi guys,
How to write the following PCF:
1. TSV18 > AVG( TSV18, 10 ) for 3 and 5 days?
2. MS > MS22 for 3 and 5 days?
I assume I cannot simply times 3 and 5 for 3 and 5 days, right? Is there any tool I can use to generate multiple days PCF like the multiple days MACD tool used for "Winning Stock Selection Volume 2"?
Thanks in advance.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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QUOTE (PeterPan) TSV18 > AVG( TSV18, 10 ) for 3
Please try the following:
TSV18 > AVG(TSV18,10) AND TSV18.1 > AVG(TSV18.1,10) AND TSV18.2 > AVG(TSV18.2,10)
QUOTE (PeterPan) and 5 days?
Please try the following:
TSV18 > AVG(TSV18,10) AND TSV18.1 > AVG(TSV18.1,10) AND TSV18.2 > AVG(TSV18.2,10) AND TSV18.3 > AVG(TSV18.3,10) AND TSV18.4 > AVG(TSV18.4,10)
QUOTE (PeterPan) MS > MS22 for 3
Please try the following:
MS > MS22 AND MS1.1 > MS22.1 AND MS1.2 > MS22.2
QUOTE (PeterPan) and 5 days?
Please try the following:
MS > MS22 AND MS1.1 > MS22.1 AND MS1.2 > MS22.2 AND MS1.3 > MS22.3 AND MS1.4 > MS22.4
QUOTE (PeterPan) Is there any tool I can use to generate multiple days PCF like the multiple days MACD tool used for "Winning Stock Selection Volume 2"?
No. I create spreadsheets to write these types of formulas. You may wish to review the following:
How to create a Personal Criteria Forumula (PCF)
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 2/4/2007
Posts: 10
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Sorry, I might not make the question clear. I actually want TSV18 for 3, 5 bars, MS for 3, 5 bars. Not TSV18 or MS to compare their values 3 or 5 days ago.
The simple TSV18 for 3, 5 bars, I guess, are TSV54 and TSV90 but I don't think its precise.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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It is not possible to write multiple day per bar formulas for Time Segmented Volume without knowing the formula for TSV.
The MoneyStream values on a multiple day per bar chart are actually samples of the daily values for the date the bar ends. So:
MS > MS22
Would be:
MS > (MS + MS1.5 + MS1.10 + MS1.15 + MS1.20 + MS1.25 + MS1.30 + MS1.35 + MS1.40 + MS1.45 + MS1.50 + MS1.55 + MS1.60 + MS1.65 + MS1.70 + MS1.75 + MS1.80 + MS1.85 + MS1.90 + MS1.95 + MS1.100 + MS1.105) / 22
The other option would be to just use the original formulas as Custom Percent True Indicators on a Weekly chart in combination with Indicator Sorting. You may wish to review the following:
Visually Backtesting Specific Symbols
Sorting price and indicators by their Actual Value
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 2/4/2007
Posts: 10
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Thanks Bruce. The MS tip is enough. I can use multiple days MS instead of using both MS and TSV, as looks to me, TSV and MS in most time act almost the same. (Correct me if I am wrong, thanks) The Visual Back Test is a good solution too.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The trainers cannot give settings, interpretation or investment advice. That said, I do not see MS and TSV as being the same. You may wish to review the following:
Basic Info on BOP, TSV and MoneyStream
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 2/4/2007
Posts: 10
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QUOTE (Bruce_L) The trainers cannot give settings, interpretation or investment advice. That said, I do not see MS and TSV as being the same. You may wish to review the following: Basic Info on BOP, TSV and MoneyStream
Well the link is the same as Online help. I still don't see any intrinsic differences among TSV, MS and BOP. They all measure money flow in or out for security. When I mean differences, I mean the difference in nature. Such as moving average vs RSI. They are different as they measure different things. I consider TSV, MS and BOP basically the same kind as CMF and OBV. Can you or anyone help me to clarify this? This is not a settings, interpretation or investment advice, I assume. 
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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We really cannot. Trainers do not know how the indicators are calculated.
This may be helpful: Don Worden on the history of BOP and MoneyStream
- Craig
Here to Help!
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Registered User
Joined: 1/1/2005
Posts: 2,645
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PeterPan,
You are correct in your observation that MS, TSV, and OBV are somewhat similar. Consider the raw data of each:
MS1.0-MS1.1
TSV1
OBV1.0-OBV1.1
1) As today's volume is increased, each increases in magnitude without bounds.
2) As today's price bar is moved up, each increases and, in the case of MS only, without bounds.
3) As the close is moved up within today's bar, each increases.
Thanks,
Jim Murphy
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Registered User
Joined: 2/4/2007
Posts: 10
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Thanks Jim. So here is the further question:
From what I've learnt, best use indicators of different nature. So if MS, TSV and BOP are similar in nature, why the Wordens seem to use mainly of them. I don't see they use other indicators except the MA and MACD (which is used only in scan, they never plot it on the chart).
I found BOP doesn't work for most of charts but if it works it's quite accurate. MS seems like a cumulative indicator to me (However Bruce's tip for 5 days MS seems to prove me wrong), so it reflects rather long term trend while TSV is the most sensitive among the three. And according to this, I guess, it might be reasonable to use both MS and TSV at the same time and also that is why Peter Wodern doesn't like BOP.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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PeterPan,
MoneyStream is a Cumulative Indicator. All calculations for the charted versions in TeleChart are done a daily basis and then sampled when using bars longer than one day instead of being calculated using the bars for that timeframe. It is actually possible to plot a MoneyStream based on bars longer than a day using a Custom Indicator.
Select Chart Template | Add Indicator | Indicator.
- Visible: Checked
- Center Zero Line: Unchecked
- Plot using price scale: Unchecked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1)
- Indicator Formula: MS
When you plot this on a Daily Chart with the built in MoneyStream indicator, the plots will line up. When you change to a longer timeframe, they will not. You may wish to review the following:
Plotting Custom Indicators with Examples
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/1/2005
Posts: 2,645
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PeterPan,
As far as MS and TSV are concerned, you seem to be making statements about filters you choose to place upon the raw data of each rather than inherent properties of the indicators. The major difference in the two is that stated in 2) of my previous post.
As for BOP, I know nothing about it.
Thanks,
Jim Murphy
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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QUOTEPeter Worden doesn't like BOP
I don't believe this is an accurate statement.
You can email Mr. Worden via support@worden.com and ask him, if you like.
Keep in mind all three use volume and price in combination but do it in a different manner.
- Craig
Here to Help!
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Registered User
Joined: 3/8/2007
Posts: 11
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Craig,
I was recommended the following:
"First, I want the stock to be up for the day (Price Percent Change today, 0.01 to Max), the stock to be trading above the 50 dma (C > AVGC50), the 50 dma to be above the 200 dma (AVGC50 > AVGC200).
Second, I want the volume to be at least 1.5x the 50 day volume average (V > 1.5 * AVGV50). On one scan I have stocks that have to avg. 100k shares a day for the past 50 days (AVG50 >= 1000). On a seperate one I have one that trades avg. 20k to 100k (more speculative, wider spreads) (AVGV50 >= 200 AND AVGV50 <= 1000)."
"C > C1 AND C > AVGC50 AND AVGC50 > AVGC200 AND V > 1.5 * AVGV50" <--- Is this is the correct formula for the suggestion?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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BHC0101,
Please stop spamming the forums with the same question over and over again. It is generally best to ask related or follow-up questions in an existing topic and start a new topic for a new question. You may wish to review the following:
Learn how to use the forums: post a new topic, reply, Search existing topics
Please confine your follow-ups on this to one of the following topics:
PCF question
PCF Question
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 2/4/2007
Posts: 10
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QUOTE (Craig_S) QUOTEPeter Worden doesn't like BOP I don't believe this is an accurate statement. You can email Mr. Worden via support@worden.com and ask him, if you like. Keep in mind all three use volume and price in combination but do it in a different manner.
Right. It is not that he doesn't like BOP. In one of his "Interpreting..." CDs, he mentioned that since TSV and MS work fine for him, he'd like to stick to what he is used to. Something like that.
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Registered User
Joined: 3/8/2007
Posts: 11
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Bruce, i just wanted support from another trainer. why do i have to get support from only you?
I noticed that Craig was more supportive and had a lot more posts than you. That is all, no spamming intended.
I would not be asking "over and over again" if my issue was solved.
Can I just get my issue solved???
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Registered User
Joined: 3/8/2007
Posts: 11
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don't even worry about it.
i'll just cancel my subscription.
Thank you for the efforts!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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BHCO101,
Craig is currently at a training class. I'm sure he'll address your issue personally when he gets a chance to look at the forums.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 2/4/2007
Posts: 10
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QUOTE (bustermu) PeterPan,
As far as MS and TSV are concerned, you seem to be making statements about filters you choose to place upon the raw data of each rather than inherent properties of the indicators. The major difference in the two is that stated in 2) of my previous post.
As for BOP, I know nothing about it.
Thanks,
Jim Murphy
Well, actually, I am trying to use the "inherent properties" of the indicators and that's why I keep asking for differences between MS and TSV.  And yes, you're right. I do use MS and TSV as filters in scan, but after that I also check them on the chart for divergence. I'm just kind of unsure if MS and TSV are similar in nature, why I use them both. Currently my explanation to myself is, like what Bruse said, MS and TSV reflect different aspects of the price and volume and so it's worth to check them both.
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