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gsn
Posted : Sunday, January 30, 2011 10:10:56 AM
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Joined: 11/13/2004
Posts: 121
 This is based on Larry Williams' Momentum Index, which is the 10-day net difference between advancing and declining stocks. I was wondering if someone could help me create such an index with the number of days and the index component stocks both configurable by the user.  Any help greatly appreciated.
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Bruce_L
Posted : Tuesday, February 1, 2011 11:54:49 AM


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Joined: 10/7/2004
Posts: 65,138
 I could be misunderstanding your request, but if you want to subtract all of the symbols in a WatchList which have had a 1-Day negative Net Change from all of the symbols inn the same WatchList which have had a 1-Day positive Net Change over a total Period of 10-Days, you could just add a 10-Period Rate of Change (Net) of Indicator to the Advance Decline Line Indicator that is already in the Web Library.
-Bruce
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gsn
Posted : Tuesday, February 1, 2011 12:11:48 PM
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Joined: 11/13/2004
Posts: 121
 Thanks, Bruce, will try that.
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Bruce_L
Posted : Tuesday, February 1, 2011 12:13:22 PM


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Posts: 65,138
 You're welcome.
-Bruce
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