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MarcM
Posted : Thursday, March 20, 2008 4:04:04 PM
Registered User
Joined: 2/27/2005
Posts: 59
When I enter C'1/1/04' into an indicator I would expect to see a horizontal line.  Instead I get a curve that doesn't match the price curve and has values that have no meaning to me.  Any idea what is going on.

The reason I'm testing this is that I entered the formulat C/C'1/1/04' and that curve was meaningless too.  So I broke out the date certain portion to see how it functioned by itself.

Bruce_L
Posted : Thursday, March 20, 2008 4:12:01 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
Custom Indicators convert a the date based historical reference into an integer based days ago parameter. That days ago parameter is then used during all calculations. I do not know of a practical automated method for fixing this days ago parameter to a specific date instead.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
MarcM
Posted : Thursday, March 20, 2008 4:17:45 PM
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Joined: 2/27/2005
Posts: 59
OK. Thanks.  Then let me ask a simple question.  How would I graph the % gain from a fixed point for a chart and have that graph change as I cycle through a series of stocks.  If I enter a fixed denominator then I get wild ranges depending on the stocks price.  The best denominator would be the stock's price at some fixed point in time.

So the quesiton is really a simple idea...namely a chart of the percentage gain.  I don't want a relative strength comparison to an idex.

Bruce_L
Posted : Thursday, March 20, 2008 4:32:22 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
I don't know of a practical automated method for doing this at all using TeleChart (it can be done using Blocks however). We can chart a Percent Change over a specific period of Time (for example a 1-Year Price Percent Change):

100 * C / C252 - 100

But I do not know of a way to do this versus a fixed point in time.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
jojo7
Posted : Friday, March 21, 2008 9:53:21 PM
Registered User
Joined: 9/30/2006
Posts: 34
2 topics to explore in telechart are :-
1) $100 Scale
2) Custom date sort.
Goto telechart help topics and click on the index tab
MarcM
Posted : Monday, March 24, 2008 4:50:48 PM
Registered User
Joined: 2/27/2005
Posts: 59
Thanks for the suggestions.  Actually $100 scaling is a fair approximation of what I'm trying to achieve.  It will have to do for now.
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