How to plot this as dots for below conditions:

1. Green - ADX > 20 & DI+ > DI-

2. Yellow - ADX < 20

3. Red- ADX < 20 & DI+ < DI-

You would need to create three Custom PCF Indicators using the Dots Plot Style in the same pane and scale as each other in TC2000 v17.

Green:

IIF(ADX14.14 > 20 AND DIPLUS14 > DIMINUS14, ADX14.14, 1 / 0)

Yellow:

IIF(ADX14.14 < 20, ADX14.14, 1 / 0)

Red:

IIF(ADX14.14 > 20 AND DIPLUS14 < DIMINUS14, ADX14.14, 1 / 0)

Thanks for quick turnaround but getting below error:

Error in formula

Argument missing near >

Sorry, figured out, was using TC12, what do we need to change to make it work for TC12?

Are you using TC2000 v17? There isn't a way to do this in earlier versions of TC2000.

If you are using TC2000 v17, please try copying and pasting the formula into a text editor (such as Notepad and not a word processor like Word) and then copying and pasting from the text editor into the Formula window of the Custom PCF Indicator.

great it worked but how do we plot them in single horizontal line?

It appears to follow ADX, it would be nice to plot them as a horizontal line with colored dots

Ok, figured it out.

Thanks for your help :-)

I am happy to read you were able to figure it out on your own.

When I tried Bruce's formulae,I found the resulting dots to be a bit wavy )and, unlike Uncle, who spends his time at Starbucks,I spend my time at the wine bar, so things look wavy enough at any time.

An alternate formulae (Custom PCF Indicator) are:

10X Long

1/ABS(ADX14.14>20 and DIMinus14<DIPlus14)

10X Short

1/ABS(ADX14.14>20 and DIMinus14>DIPlus14)

10X Neutral

1/ABS(ADX14.14<=20 or DIPlus14 = DIMinus14)

"Scaling on Center" results in a line in the panel.

A Conviction Dot can be done as
l*.999/ABS(V>1.4*AvgV20 and ADX14.14>20)

Modifying the variables as one sees fit (Here, I used 40% and over the past 20 bars.)

Vol Buzz is a neat, standard TC2000 way to see if the there is a volume pop today, during trading hours.

CountTrue(V>AvgV20*1.4,26)

as a watchlist column, with TimeFrame set to 30, will give a count of Volume Pops over the past two days (assuming after hours), how many Conviction dots there in 30 min periods.

Cheers

Using 10x long short and volume  conviction formulas from bcochrane you could make a histogram with red and green and ignor yellow for trending stocks.

FWIW, i have a small panel with just the dots, and I put Conviction dots on the main price chart. I do have the "standard" ADX, DI plots as a panel,but I pin it so its there if I want it, but otherwise doesn't take up screen space

I can TCmail my chart if you are interested

bcochrane

thanks for sharing

I'm interested to see how it looks like on your screen

thanks !

Just tried this today and produces interesting results

I ran it against High Cap 1000, C> $5 and AvgV20>100,000 and C>AvgV50

Condition 1:  10X Long Weekly

Column PCF: ADX14.14>20 and DIPlus14>DIMinus14 AND Not (ADX14.14.1>20 and DIPlus14.1>DIMinus14.1) and C>MaxC5.1

                Looks for Daily 10X condition to fire and for Today&rsquo;s C to be a new 5 day high

                This Column PCF could also be a Condition in the Scan

Column: I put Vol Buzz in a column, should show if there is Conviction today

It looks for stocks in a long or medium term uptrend as measured by 10X Weekly, small pull back and off and running again

Today&rsquo;s candidates with Vol Buzz over 40%

ALL

BIP

CCK

TFX

Haven&rsquo;t tested it, so use with caution

Why is it called 10X long?

I have its counterpart for stocks to Short :-)

Sorry, Diceman, I was a little slow off the mark on your question.

10X is the name given by John Carter to a set of indicators, supposedly because they can lead to 10 baggers when trading options.

Probably so he can sell them in the 10X Indicator Package. :)

Thanks

Yup

Use this in addition to other techniques and the probability of directional trade increases...