| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 12/30/2004
Posts: 84
|
Hi...I read the threads on Headley's acceleration bands and created the custom indicator for TC 2000. Three point jump shot...nothing but net...perfect!
My question is how would an easyscan or format be created that would identify any stocks that closed for the first time AT or ABOVE the top acceleration band within a certain timeframe (30, 60, and 90 days)? Could a format be created for each suggested timeframe?
Below is what I used (from your archives) to create the upper acceleration band:
PHABtop20,2:
-Visible: Checked
-Plot using price scale: Checked
-Smoothing Average: 20
-Smoothing Type: Simple
-Indicator Formula: H*(1+4*(H-L)/(H+L))
Your help would be greatly appreciated!
|
|
Registered User
Joined: 12/30/2004
Posts: 84
|
Just to clarify my request... any stock that closed TODAY for the first time AT or ABOVE the top acceleration band within a certain timeframe...thanks
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
Tanstaafl provides a Personal Criteria Formula for PHABtop20,2 in his Saturday, May 28, 2005 9:45:07 AM from the following forum topic:
Acceleration Bands
Your requested formula would seem to require repeating variations of this formula along with a comparison to the closing price 30, 60 or 90 times (once for each day). The results are too long to be practical unless somebody comes up with a way to optimize it.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
I would be tempted to just visual difference sort between the plotted indicator and price. Look at the stocks that have a very small visual difference and then, with my eyes and the spacebar, isolate out those that meet the conditions.
You should not have to look through many stocks to isolate what you are looking for here.
Comparing indicators using Visual Difference sorts
- Craig
Here to Help!
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
Finding symbols where Price is at or above the band for today using a Personal Criteria Formula is fairly easy and probably quicker than a Visual Difference Sort (at least for large Watchlists):
C >= 0.05*(H0*(1+4*(H0-L0)/(H0+L0))+ H1*(1+4*(H1-L1)/(H1+L1))+ H2*(1+4*(H2-L2)/(H2+L2))+ H3*(1+4*(H3-L3)/(H3+L3))+ H4*(1+4*(H4-L4)/(H4+L4))+ H5*(1+4*(H5-L5)/(H5+L5))+ H6*(1+4*(H6-L6)/(H6+L6))+ H7*(1+4*(H7-L7)/(H7+L7))+ H8*(1+4*(H8-L8)/(H8+L8))+ H9*(1+4*(H9-L9)/(H9+L9))+ H10*(1+4*(H10-L10)/(H10+L10))+ H11*(1+4*(H11-L11)/(H11+L11))+ H12*(1+4*(H12-L12)/(H12+L12))+ H13*(1+4*(H13-L13)/(H13+L13))+ H14*(1+4*(H14-L14)/(H14+L14))+ H15*(1+4*(H15-L15)/(H15+L15))+ H16*(1+4*(H16-L16)/(H16+L16))+ H17*(1+4*(H17-L17)/(H17+L17))+ H18*(1+4*(H18-L18)/(H18+L18))+ H19*(1+4*(H19-L19)/(H19+L19)))
The problem in writing the formula for this being the first time Price is at or above the band in the last 30, 60 or 90 days is that the you have to make sure it is below the band the previous 29, 59 or 89 days as well.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
What I like about the sort is I can find ones that are just barely above...
- Craig
Here to Help!
|
|
Registered User
Joined: 12/30/2004
Posts: 84
|
I appreciate how you both built on each other's ideas to come up with a practical solution to my dilemma. Sounds like a plan and I'll give it a go! I find the acceleration bands an intriguing concept as I read about them. Kudos...
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
Glad to hear it!
(tell the truth, you liked mine better, right?)
I think your best bet is to use Bruce's PCF and scan for those above THEN use my sort solution on those results to rank them by how far above they are.
- Craig
Here to Help!
|
|
Registered User
Joined: 4/27/2006
Posts: 10
|
For the Higher Band formula on accelation bands, how
would one use the lower band, and finds closes below
the lower band?
Thanks,
Don Duhon
Finding symbols where Price is at or above the band for today using a Personal Criteria Formula is fairly easy and probably quicker than a Visual Difference Sort (at least for large Watchlists):
C >= 0.05*(H0*(1+4*(H0-L0)/(H0+L0))+ H1*(1+4*(H1-L1)/(H1+L1))+ H2*(1+4*(H2-L2)/(H2+L2))+ H3*(1+4*(H3-L3)/(H3+L3))+ H4*(1+4*(H4-L4)/(H4+L4))+ H5*(1+4*(H5-L5)/(H5+L5))+ H6*(1+4*(H6-L6)/(H6+L6))+ H7*(1+4*(H7-L7)/(H7+L7))+ H8*(1+4*(H8-L8)/(H8+L8))+ H9*(1+4*(H9-L9)/(H9+L9))+ H10*(1+4*(H10-L10)/(H10+L10))+ H11*(1+4*(H11-L11)/(H11+L11))+ H12*(1+4*(H12-L12)/(H12+L12))+ H13*(1+4*(H13-L13)/(H13+L13))+ H14*(1+4*(H14-L14)/(H14+L14))+ H15*(1+4*(H15-L15)/(H15+L15))+ H16*(1+4*(H16-L16)/(H16+L16))+ H17*(1+4*(H17-L17)/(H17+L17))+ H18*(1+4*(H18-L18)/(H18+L18))+ H19*(1+4*(H19-L19)/(H19+L19)))
The problem in writing the formula for this being the first time Price is at or above the band in the last 30, 60 or 90 days is that the you have to make sure it is below the band the previous 29, 59 or 89 days as well.
--------------------------------------------------------------------------------
-Bruce
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
Change the >= in the beginning to <=
Change every Hx* to Lx* so
(H0*(1+4*(H0-L0)/(H0+L0))
becomes
(L0*(1+4*(H0-L0)/(H0+L0))
- Craig
Here to Help!
|
|
Registered User
Joined: 4/27/2006
Posts: 10
|
Thanks for reply.
I changed the Hx to Lx to show prices below acceleration band but can't figure out why it doesn't work properly.
Can you see any error I made?
C <= 0.05*(L0*(1+4*(H0-L0)/(H0+L0))+ L1*(1+4*(H1-L1)/(H1+L1))+ L2*(1+4*(H2-L2)/(H2+L2))+ L3*(1+4*(H3-L3)/(H3+L3))+ L4*(1+4*(H4-L4)/(H4+L4))+ L5*(1+4*(H5-L5)/(H5+L5))+ L6*(1+4*(H6-L6)/(H6+L6))+ L7*(1+4*(H7-L7)/(H7+L7))+ L8*(1+4*(H8-L8)/(H8+L8))+ L9*(1+4*(H9-L9)/(H9+L9))+ L10*(1+4*(H10-L10)/(H10+L10))+ L11*(1+4*(H11-L11)/(H11+L11))+ L12*(1+4*(H12-L12)/(H12+L12))+ L13*(1+4*(H13-L13)/(H13+L13))+ L14*(1+4*(H14-L14)/(H14+L14))+ L15*(1+4*(H15-L15)/(H15+L15))+ L16*(1+4*(H16-L16)/(H16+L16))+ L17*(1+4*(H17-L17)/(H17+L17))+ L18*(1+4*(H18-L18)/(H18+L18))+ L19*(1+4*(H19-L19)/(H19+L19)))
Don
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
My appologies, I forgot...
All 1+4 needs to become 1-4
- Craig
Here to Help!
|
|
Registered User
Joined: 4/27/2006
Posts: 10
|
Craig,
That - sign was magic. It works!
Many thanks.
Don Duhon
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
Great!
- Craig
Here to Help!
|
|
|
Guest-1 |