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Registered User
Joined: 10/7/2004
Posts: 33
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Is it possible to construct a pcf that would show which stocks in a watchlist are moving up the most in the last say 15 minutes on a percentage basis?
thanks,
Paul
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Personal Criteria Formulas and EasyScans always use the twenty-minute delayed Daily data, but you could use the following formula on a 15-Minute Chart as a Custom Indicator and then sort by it using Realtime Indicator Sorts. You would be limited to the top 200 symbols in your Watchlist however.
Plotting Custom Indicators with Examples
Real time indicator sorting (available at the Platinum level)
100 * C / C1 - 100
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Yes, it is a Percent Change, so you would want to sort it by Actual Value. The result will be the Percentage Change from the preious 15-Minute Bar to the current 15-Minute Bar. This could be less than 15-Minutes. If you wanted to look at a 1-Minute Chart instead, you could use the following formula:
100 * C / C15 - 100
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The trainers can't give setting, interpretation or investment advice, but this would appear to be one way to do so.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 33
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Bruce with the PCF 100 * C / C1 - 100 is there a way to modify it so it ranks stock on relative strength say in a 15 minute timeframe. For example if i wanted to see the strongest stocks in a set time frame say from 10:00am to 10:15 am. From what you are saying, this pcf will only compare the last closed bar to the current real time, ie. if set on 15 minute chart this pcf will compare the close of the last 15 minute bar to the current position of price in the current 15 minute bar. What if I wanted to see this not from the last 15 minute bar to the present but in the last 15 minute time segment.
thanks
Paul
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I can't think of a way. As explained in my Wednesday, November 05, 2008 10:42:22 AM ET post, Personal Criteria Formulas and EasyScans always use twenty-minute delayed Daily data. You need to Plot it as a Custom Indicator and use Realtime Indicator Sorting if you need to use intraday data.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 33
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ok thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 33
|
Bruce can you tell me the difference between your PCF of 100 * C / C1 - 100 and
100*(c-c1)/c1. Am i correct in that the second one when used as a custom indicator and sorted real time will show the percent change for the set period, ie. if you choose 10 minutes it will show the percent change for the last 10 minutes?
thanks again,
Paul
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The only difference between 100 * C / C1 - 100 and 100 * (C - C1) / C1 is the form of the equation. They produce the same results. Both will show the Price Percent Change for the most recent Bar when using an Indicator Sort set to Actual Value on a Custom Indicator using the formula.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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