| lpz |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Thursday, October 13, 2005 |
| Saturday, December 24, 2005 7:46:06 PM |
13
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I have been trying to come up with a scan to show me the simple ma for 10h and 8l based on the price. I cannot get it to work correctly. I have an example of how the chart should look. How can I get a copy of this screen shot to you. This screen shot is of another s/w package. I am sure there must be away for this to be accomplished with TC2K
Thank you
LPZ
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I am not sure my request is really a channel. I want a 10smah for the top line and an 8smal for the bottom line
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Please tell me how to write a formula creating a price channel
Using a 10 period simple moving average of the price high and a 8 period simple moving average of the price low.
Thank you
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Thanks:
I will checkit out tonight.
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This is the information I was looking for to explain what I am trying to do.
The "Scan" is just a pane on a Trade Navigator template containing:
1- Percent R-value 14(bars used in calculations)
2- Williams Accumulation/Distribution
3- horizontal (dotted) line-value 95
4- horizontal (dotted) line-value 5
When the lines - on a six month (daily) chart - cross above the 95% line, the stock(price) will head down, usually within just a few days. When they cross below the 5% line it will head up, again within a few days. Occasionally the stock will start to move, but hover around the horizontal line it just crossed for a while, before finally moving to the other opposite horizontal line. This scan seems to work about 80(+)% of the time.
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I will have to do more research and get back to you.
thanks
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I had an instructor a couple of years ago, who used this indicator, very successfully.
The other charting s/w I was using has this indicator built into its library.
I am trying tc2000 out. I am trying to setup this s/w like the other one that I was using
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Bruce:
Hope this helps
Williams Accumulation Distribution
Construction
To calculate Williams Accumulation Distribution:
1. Calculate the True Range High and True Range Low:
True Range High is the greater of:
High [today], and
Closing price [yesterday]
True Range Low is the lesser of:
Low [today]
Closing price [yesterday]
2. Compare Closing price to yesterday's Closing price:
If Close [today] is greater than Close [yesterday]
Price Move [today] = Close [today] - True Range Low
If Close [today] is less than Close [yesterday]
Price Move [today] = Close [today] - True Range High
If Close [today] equals Close [yesterday]
Price Move [today] = zero
3. Multiply the price move by volume:
AD [today] = Price Move [today] * Volume [today]
4. Calculate the cumulative total:
Williams AD = AD [today] + Williams AD [yesterday]
NOTE:
Steven Achelis omits step 3. above in his book Technical Analysis A-Z and several other websites/software programs appear to follow this approach. For the benefit of investors accustomed to Achelis' approach, we have provided both versions. Achelis' version is described as Williams Accumulate Distribute.
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Thanks for your reply. I will do some research and get the information back to you.
LZ
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Bruce:
This formula is not working for me. I am looking for an Adv/Decline line with lines at 5% and 95%.
I think the TVS 18 may be throwing the scan off.
Is there such a scan or is there a library of scans I can search thru.
Thanks
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