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Registered User
Joined: 8/25/2010
Posts: 117
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I would like to use a pcf that compares today's price on the daily chart to the 50 DMA as a percentage of the difference. I know I can use a custom indicator sort to do it, but I'd like to be able to use the pcf in TC2000.
Any help is appreciated.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Try:
(C/AVGC50*100)-100 (IF AVG SIMP)
(C/XAVGC50*100)-100 (IF EXP)
Thanks
diceman
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Registered User
Joined: 8/25/2010
Posts: 117
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Diceman - Thanks. That gives me a sort but I don't understand the value. For example, SLW closed at 34.23 and the 50 EMA is at 33.66. The sort value is -0.50. So, I know SLW is below the 50 EMA but what is the valuation of -0.50 telling me?
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Registered User
Joined: 1/28/2005
Posts: 6,049
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If your average is ema than you should use:
(C/XAVGC50*100)-100
not sure where your getting -.50 ?
I get 1.69 for SLW meaning 34.23 is 1.69% above 33.66. (which it is)
(if price goes below the ema it will show the negative% value)
Thanks
diceman
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Registered User
Joined: 8/25/2010
Posts: 117
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I have the correct formula in the pcf, but still come up with a value of -0.46 which doesn't make sense because the close is above the 50 EMA. I'm doing this in TC2000 so maybe there's something not right with the beta. I'm doing it on the mac platform; I will try it on the pc side. There was a similiar issue with something else last week with mac vs pc.
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Registered User
Joined: 8/25/2010
Posts: 117
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Came up with 1.69 just like you did on the pc side. It's a bug in the TC2000 beta.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Strange, I put this on the chart as an indicator and got 1.69 with SLW.
I put it in the watchlist column and got -.46 like you.
( now I wonder about my pcfs  )
Thanks
diceman
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Registered User
Joined: 10/25/2004
Posts: 35
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I found this topic on Price movement around the EMA and would like to be able to create an Indicator graph in TC2000 v 11. I created the PCF and confirmed that it is in my pcf library. However when I click on "Add Indicator, it doesn't show up. Isn't there a way to plot the difference. I want to use this as a tool in evaluating selling monthly call spreads.
Any suggestions?
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Registered User
Joined: 10/25/2004
Posts: 35
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Think I figured it out. I need to go to Add Indicatore then Custom PCF Indicator. That is what I was looking for.
Tom B
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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blackstc,
I'm happy to read you were able to figure it out on your own.
-Bruce
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TC2000 Support Articles
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