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Registered User
Joined: 10/15/2007
Posts: 30
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How can I find the #s of NYSE new 52 week highs and new 52 week lows? ( Also the same information for S& P 500)
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You could create a Personal Criteria Formula for a New 252-Trading Day High:
H > MAXH251.1
And another PCF for a New 252-Trading Day Low:
L < MINL251.1
And then use each of them in their own EasyScans as EasyScan Conditions. You'll want four EasyScans, two which use All Stocks as the WatchList to Scan with Exchange: NYSE and either the New High or New Low PCF as EasyScan Conditions and two more which use the Standard and Poors 500 Stocks as the WatchList to Scan.
How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria
PCF Formula Descriptions
Definitions of all built in scanning and sorting criteria
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: 10/15/2007
Posts: 30
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Thank you for the information regarding 52 week new high and new low .
I am reading " when to sell" by Justin Mamis and Robert Mamis. They plot the H-L differential and smooth it out abnormal action by 10 day Moving Average. How can I do it in telechart?
Thanks always
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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There are a variety of possibilities:
Plotting Custom Indicators with Examples
Select Chart Template | Add Indicator | Indicator.
-Visible: Checked
-Center Zero Line: Unchecked
-Plot using price scale: Unchecked
-Smoothing Average: 1
-Smoothing Type: Doesn't matter (because the Smoothing Average is 1)
-Indicator Formula: H - L
You could then add a 10-Period Moving Average to the Custom Indicator as a Child Indicator. You could also use the Smoothing Average to add the 10-Period Moving Average internally:
Select Chart Template | Add Indicator | Indicator.
-Visible: Checked
-Center Zero Line: Unchecked
-Plot using price scale: Unchecked
-Smoothing Average: 10
-Smoothing Type: Up to you (Simple or Exponential)
-Indicator Formula: H - L
Or you could include the 10-Period Moving Average as part of the Indicator Formula. A Simple Moving Average would look like:
Select Chart Template | Add Indicator | Indicator.
-Visible: Checked
-Center Zero Line: Unchecked
-Plot using price scale: Unchecked
-Smoothing Average: 1
-Smoothing Type: Doesn't matter (because the Smoothing Average is 1)
-Indicator Formula: AVGH10 - AVGL10
While an Exponential Moving Average would look like:
Select Chart Template | Add Indicator | Indicator.
-Visible: Checked
-Center Zero Line: Unchecked
-Plot using price scale: Unchecked
-Smoothing Average: 1
-Smoothing Type: Doesn't matter (because the Smoothing Average is 1)
-Indicator Formula: XAVGH10 - XAVGL10
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/15/2007
Posts: 30
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Thanks for everything.
How can I do the following in telechart or if it is not possible in telechart, how about in stockfinder?
If I want to add the number of new highs for the latest ten trading days; add, similarly, the number of new lows; and subtract the lows from the highs.The next day, drop the first day's figures and add in the eleventh day . Finally I want to plot it on a graph.
Thanks
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Registered User
Joined: 10/15/2007
Posts: 30
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Sorry, I am missing the bolded part below.
How can I do the following in telechart or if it is not possible in telechart, how about in stockfinder?
If I want to add the number of new highs for the latest ten trading days; add, similarly, the number of new lows; and subtract the lows from the highs. The difference, divided by ten, provides the current reading.The next day, drop the first day's figures and add in the eleventh day . Finally I want to plot it on a graph.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I cannot think of a way to Plot this using TeleChart.
In StockFinder, you could create a Condition for New High:
Writing Conditions in RealCode
'|*****************************************************************|
'|*** StockFinder RealCode Condition - Version 5.0 www.worden.com
'|*** Copy and paste this header and code into StockFinder *********
'|*** Condition:New High
'|******************************************************************
'# Period = UserInput.Integer = 252
If Price.High > Price.MaxHigh(Period - 1, 1) Then Pass
And a Condition for New Low:
'|*****************************************************************|
'|*** StockFinder RealCode Condition - Version 5.0 www.worden.com
'|*** Copy and paste this header and code into StockFinder *********
'|*** Condition:New Low
'|******************************************************************
'# Period = UserInput.Integer = 252
If Price.Low < Price.MinLow(Period - 1, 1) Then Pass
And then right-click on each of these Conditions and select Create Market Indicator | (choose WatchList) | Next | Count Passing | Next | (adjust as desired) | Finish.
Market Indicators from Conditions
Then add a 10-Period Simple Moving Average to both Market Indicators. Dragging and Dropping the Moving Average of the New High Market Indicator onto the Moving Average of the New Low Market Indicator and selecting Plot Comparison | Difference should create the desired Indicator in StockFinder.
Comparison Plots
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 12/10/2009
Posts: 35
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Is there a way to plot the relative strength indicator with a zero line scale?
Whereas if the stock displayed is performing stronger than the S&P 500, it will be above the zero line, if weaker, it will be below the zero line. The zero line representing equivelent performance to the S&P.
If so, I would like this indicator displayed in its own separate indicator window, like your RS indicator can be displayed in the middle or bottom window.
Thanks
Greg S
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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gregs2,
In StockFinder, you can add a Rate of Change (Percent) of Indicator to Relative Strength. The resulting percentage over the ROC period is comparable between symbols.
In TeleChart 2007, you could add a Rate of Change Indicator to Relative Strength as well. It would be a Net Change instead of a Percent Change however. While the position of the ROC versus zero would be indicative of howe the symbol compared to the comparison symbol over the ROC period, the resulting value would not be comparable between symbols.
TC2000 version 12 does not have a Rate of Change Indicator which is always applied to price and cannot be applied as a Child Indicator. I cannot think of a technique to do what you want in TC2000 version 12 currently.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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