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Registered User
Joined: 3/24/2005
Posts: 4
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In the Worden Report for 3/7/08 Sir 9-Day Periods describes a system using simple selection criteria, but the stated criteria is nonsense (at least on my screen). Step 1 includes:
"... stocks which meet the following simple criteria: CC3. That's it...."
CC3 has no meaning in Telechart, and it causes an error message.
In describing the system logic in step 3, the author suggests using a percent true indicator to verify probability thusly:
" ...if using percent true, just put in C>C1 and C1 "
Again, makes no sense (even though there's no error message in using the statement).
I'm pretty sure there's some missing text in this Worden Report, maybe because of a format translation, or maybe because of my software and machine. But I can't see the correct PCF functions the author is trying to convey.
Can someone post the correct functions so I can see them? Or is everyone seeing the same erroneous text?
-- Precession7
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Registered User
Joined: 1/28/2005
Posts: 6,049
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More ideas can be found here:
Thanks
diceman
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Registered User
Joined: 3/24/2005
Posts: 4
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Well by golly I sure thought someone else would have asked the question before I got around to it. And they already had, by about 2 hours, but it didn't turn up in my text searches. So I posted the question. Next time I'll try updating first!
********* Anyone reading this, just go update Telechart to see Sir 9-Day Periods PCF's ********
Thanks Diceman -- mystery solved!
-- precession7
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Registered User
Joined: 5/12/2007
Posts: 5
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For the beginners... how does one set the chart up to be in a 9 day timeframe? Thanks!
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Move your mouse over the "daily" in the top
chart. Click and select "9 day".
(each open high low close will represent
9 days of data)
------------------------------------------------------------
You may be interested in this:
Thanks
diceman
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 Gold Customer
Joined: 2/9/2005
Posts: 3
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Is there a reason that the chart has to be set to the 9 day interval? I'm missing that point. It seems as if even a daily chart would work.
mm
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Thats just the way he chose to do it.
If you read the links you will see that it can be daily.
Thanks
diceman
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Registered User
Joined: 10/7/2004
Posts: 3
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The author suggests using a percent true indicator to verify probability
" ...if using percent true, just put in C>C1 and C1 ....."
Can someone post the correct functions for the above criteria?
Thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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cn500,
Update: Allende (Sir 9-Day) outlines his intent in his Sunday, March 09, 2008 9:58:24 AM ET post in Trying to understand syntax of today's Worden Report.
I am not going to guess at how Sir 9-Day Periods would complete the formula. The formula isn't actually used except to verify his statement that, "The probability is very high, that after the initial two 9 day periods which are down, there will not be two more 9 day periods which are down."
One way to write a formula for use in a Custom Indicator for the most recent 4-Bars being down would be:
Last 4-Periods Down:
C < C1 AND C1 < C2 AND C2 < C3 AND C3 < C4
One way to write a formula for us in a Custom Indicator for the most recent 4-Bars not being down would be:
NOT(C < C1 AND C1 < C2 AND C2 < C3 AND C3 < C4)
You may wish to review the following:
PCF Formula Descriptions
Visually Backtesting Specific Symbols
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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