| sanjayp95 |
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| Saturday, January 29, 2005 |
| Friday, February 1, 2008 4:33:03 PM |
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jmecom,
Your welcome. Glad it worked.
Question how are you using this information for potential candidates ?
Best regards
Sanjay
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Hi jmecom,
For volume breaking the upper bollinger band I use the following set up.
As you have mentioned in the lower window I have the volume bars and then on the volume bars I apply (ovelay) the bollinger band with a setting 20 period with a width of 20 ( 2 std).
To find candidates that break the upper band I scan using the following PCF :
V > (AVGV20 + 2 * SQR((20 * (V * V + V1 * V1 + V2 * V2 + V3 * V3 + V4 * V4 + V5 * V5 + V6 * V6 + V7 * V7 + V8 * V8 + V9 * V9 + V10 * V10 + V11 * V11 + V12 * V12 + V13 * V13 + V14 * V14 + V15 * V15 + V16 * V16 + V17 * V17 + V18 * V18 + V19 * V19) - (AVGV20 * 20) * (AVGV20 * 20)) / (20 * 20)))
You can adapt the formula above for more striking volume surges by apply a mulipier e.g:
V > (1.2*(AVGV20 + 2 * SQR((20 * (V * V + V1 * V1 + V2 * V2 + V3 * V3 + V4 * V4 + V5 * V5 + V6 * V6 + V7 * V7 + V8 * V8 + V9 * V9 + V10 * V10 + V11 * V11 + V12 * V12 + V13 * V13 + V14 * V14 + V15 * V15 + V16 * V16 + V17 * V17 + V18 * V18 + V19 * V19) - (AVGV20 * 20) * (AVGV20 * 20)) / (20 * 20))))
Next, I further screen the stocks selected by the PCF, by applying a minimum captialization ($500M)and volume over the last 90 day (500k).
I then put these candidates in a watch list and then use the sort function in descending order on the volume bars, and identify any potential candidates with a strong break out above the upper band with any additional strategy I maybe observing i.e a particular chart formation, support and resistance area etc....
Hope this helps.
Best regards
Sanjay
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Bruce,
That works for me! Actually I had the same thoughts in anticipation of your feedback that the line could not be plotted to show a clear distinction betwen the two ratios.
If a solution presents itself in the near future I would greatly appreciate a heads up.
Finally I would like to say a " big up " to you Bruce. Your responses have been beyond first class!, and I look forward to tapping in to your knowledge base for future guidances.
Best regards
Sanjay
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Jim ( Bustermu),
Thanks for the further clarification.
Best regards
Sanjay
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QUOTE (Bruce_L)
I'm not sure I realized how dominated by price this particular example would be, but minimizing this effect is the topic my Sunday, April 03, 2005 1:45:18 PM post explores.
Hi Bruce,
Thanks for the clarification so far, but not sure how one proceed from here based on what you mentioned above. Any more thoughts on how to overcome the dominance by price for stock more than a few dollars ?
Best regards
Sanjay
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Hi Bruce & Jim Murphy,
Thanks the fog has almost cleared from my head.
Bruce,
In the second part of your feedback you mentioned add "C+" and select " plot using price scale". When doing this both lines are literally idential plots. Am I doing something wrong. FYA here are the formulas that I am using with your feedback incorporated.
Indicator 1 ( with plot using price scale checked):
C +SQR((LOG(C/C1)^2 +LOG(C1/C2)^2 +LOG(C2/C3)^2 +LOG(C3/C4)^2 +LOG(C4/C5)^2 +LOG(C5/C6)^2 +LOG(C6/C7)^2 +LOG(C7/C8)^2 +LOG(C8/C9)^2 +LOG(C9/C10)^2-(LOG(C/C10)^2)/10)/10)
Indicator 2 ( with plot using price scale checked):
C +SQR((LOG(C/C1)^2 +LOG(C1/C2)^2 +LOG(C2/C3)^2 +LOG(C3/C4)^2 +LOG(C4/C5)^2 +LOG(C5/C6)^2 +LOG(C6/C7)^2 +LOG(C7/C8)^2 +LOG(C8/C9)^2 +LOG(C9/C10)^2 +LOG(C10/C11)^2 +LOG(C11/C12)^2 +LOG(C12/C13)^2 +LOG(C13/C14)^2 +LOG(C14/C15)^2 +LOG(C15/C16)^2 +LOG(C16/C17)^2 +LOG(C17/C18)^2 +LOG(C18/C19)^2 +LOG(C19/C20)^2 +LOG(C20/C21)^2 +LOG(C21/C22)^2 +LOG(C22/C23)^2 +LOG(C23/C24)^2 +LOG(C24/C25)^2 +LOG(C25/C26)^2 +LOG(C26/C27)^2 +LOG(C27/C28)^2 +LOG(C28/C29)^2 +LOG(C29/C30)^2 +LOG(C30/C31)^2 +LOG(C31/C32)^2 +LOG(C32/C33)^2 +LOG(C33/C34)^2 +LOG(C34/C35)^2 +LOG(C35/C36)^2 +LOG(C36/C37)^2 +LOG(C37/C38)^2 +LOG(C38/C39)^2 +LOG(C39/C40)^2 +LOG(C40/C41)^2 +LOG(C41/C42)^2 +LOG(C42/C43)^2 +LOG(C43/C44)^2 +LOG(C44/C45)^2 +LOG(C45/C46)^2 +LOG(C46/C47)^2 +LOG(C47/C48)^2 +LOG(C48/C49)^2 +LOG(C49/C50)^2 +LOG(C50/C51)^2 +LOG(C51/C52)^2 +LOG(C52/C53)^2 +LOG(C53/C54)^2 +LOG(C54/C55)^2 +LOG(C55/C56)^2 +LOG(C56/C57)^2 +LOG(C57/C58)^2 +LOG(C58/C59)^2 +LOG(C59/C60)^2 +LOG(C60/C61)^2 +LOG(C61/C62)^2 +LOG(C62/C63)^2 +LOG(C63/C64)^2 +LOG(C64/C65)^2 +LOG(C65/C66)^2 +LOG(C66/C67)^2 +LOG(C67/C68)^2 +LOG(C68/C69)^2 +LOG(C69/C70)^2 +LOG(C70/C71)^2 +LOG(C71/C72)^2 +LOG(C72/C73)^2 +LOG(C73/C74)^2 +LOG(C74/C75)^2 +LOG(C75/C76)^2 +LOG(C76/C77)^2 +LOG(C77/C78)^2 +LOG(C78/C79)^2 +LOG(C79/C80)^2 +LOG(C80/C81)^2 +LOG(C81/C82)^2 +LOG(C82/C83)^2 +LOG(C83/C84)^2 +LOG(C84/C85)^2 +LOG(C85/C86)^2 +LOG(C86/C87)^2 +LOG(C87/C88)^2 +LOG(C88/C89)^2 +LOG(C89/C90)^2 +LOG(C90/C91)^2 +LOG(C91/C92)^2 +LOG(C92/C93)^2 +LOG(C93/C94)^2 +LOG(C94/C95)^2 +LOG(C95/C96)^2 +LOG(C96/C97)^2 +LOG(C97/C98)^2 +LOG(C98/C99)^2 +LOG(C99/C100)^2-(LOG(C/C100)^2)/100)/100)*0.5
Thanks
Rgds
Sanjay
PS thanks for the difference formulas, getting closer to my end objecive for the strategy in mind !
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Hi Bruce / Bustermu,
Thanks for the updates, but please forgive my inexperience, and
Bruce,
Could you kindly further ( preferably with some illustrations) as you have mentioned on
1) "(...... difference for example)."
2) "Since it is possible to fix the scale to Price, it is possible to create multiple lines with valid crossovers by adding a Custom Indicator value to Price. But, the Custom Indicator values would have to be fairly small compared to Price for the indicators to be visible on the screen and the plotted indicator line would probably be dominated by Price itself."
Bustermu,
Could you kindly further ( preferably with some illustrations) as you have mentioned on
Probably the easiest way is to check "Plot using price scale" and replace the PCF by:
a*PCF+b
where a and b are numbers. The a and b can be chosen so that the Indicator occupies any portion of the screen you please. Use the same a and b for any collection of Custom Indicators and they will all be plotted to the same scale.
Apologies for going on about this, but in a nutshell what I am looking for is where the indicator window show the 6 HV or 10 HV crossing the 50% 100 HV, and an PCF to highlight those candidates above or below.
Once again thank you in advance for your support an patience with my inexperience.
BRgds
Sanjay
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Hi Bruce,
Thank you for the quick repsonse. However, with the formula that you have provideb for the 10/100 and the 6/100 earlier, these only plot single indicator lines. What I am specifically looking for is where two lines are plotted showing where the 6 HV or 10 HV is above or below the 50% 100HV. On that note am I correct in assuming that say for the 10/50%100 HV I would have to plot two indicators as follows:
10HV:
SQR((LOG(C/C1)^2 +LOG(C1/C2)^2 +LOG(C2/C3)^2 +LOG(C3/C4)^2 +LOG(C4/C5)^2 +LOG(C5/C6)^2 +LOG(C6/C7)^2 +LOG(C7/C8)^2 +LOG(C8/C9)^2 +LOG(C9/C10)^2-(LOG(C/C10)^2)/10)/10)
50% 100 HV :
SQR((LOG(C/C1)^2 +LOG(C1/C2)^2 +LOG(C2/C3)^2 +LOG(C3/C4)^2 +LOG(C4/C5)^2 +LOG(C5/C6)^2 +LOG(C6/C7)^2 +LOG(C7/C8)^2 +LOG(C8/C9)^2 +LOG(C9/C10)^2 +LOG(C10/C11)^2 +LOG(C11/C12)^2 +LOG(C12/C13)^2 +LOG(C13/C14)^2 +LOG(C14/C15)^2 +LOG(C15/C16)^2 +LOG(C16/C17)^2 +LOG(C17/C18)^2 +LOG(C18/C19)^2 +LOG(C19/C20)^2 +LOG(C20/C21)^2 +LOG(C21/C22)^2 +LOG(C22/C23)^2 +LOG(C23/C24)^2 +LOG(C24/C25)^2 +LOG(C25/C26)^2 +LOG(C26/C27)^2 +LOG(C27/C28)^2 +LOG(C28/C29)^2 +LOG(C29/C30)^2 +LOG(C30/C31)^2 +LOG(C31/C32)^2 +LOG(C32/C33)^2 +LOG(C33/C34)^2 +LOG(C34/C35)^2 +LOG(C35/C36)^2 +LOG(C36/C37)^2 +LOG(C37/C38)^2 +LOG(C38/C39)^2 +LOG(C39/C40)^2 +LOG(C40/C41)^2 +LOG(C41/C42)^2 +LOG(C42/C43)^2 +LOG(C43/C44)^2 +LOG(C44/C45)^2 +LOG(C45/C46)^2 +LOG(C46/C47)^2 +LOG(C47/C48)^2 +LOG(C48/C49)^2 +LOG(C49/C50)^2 +LOG(C50/C51)^2 +LOG(C51/C52)^2 +LOG(C52/C53)^2 +LOG(C53/C54)^2 +LOG(C54/C55)^2 +LOG(C55/C56)^2 +LOG(C56/C57)^2 +LOG(C57/C58)^2 +LOG(C58/C59)^2 +LOG(C59/C60)^2 +LOG(C60/C61)^2 +LOG(C61/C62)^2 +LOG(C62/C63)^2 +LOG(C63/C64)^2 +LOG(C64/C65)^2 +LOG(C65/C66)^2 +LOG(C66/C67)^2 +LOG(C67/C68)^2 +LOG(C68/C69)^2 +LOG(C69/C70)^2 +LOG(C70/C71)^2 +LOG(C71/C72)^2 +LOG(C72/C73)^2 +LOG(C73/C74)^2 +LOG(C74/C75)^2 +LOG(C75/C76)^2 +LOG(C76/C77)^2 +LOG(C77/C78)^2 +LOG(C78/C79)^2 +LOG(C79/C80)^2 +LOG(C80/C81)^2 +LOG(C81/C82)^2 +LOG(C82/C83)^2 +LOG(C83/C84)^2 +LOG(C84/C85)^2 +LOG(C85/C86)^2 +LOG(C86/C87)^2 +LOG(C87/C88)^2 +LOG(C88/C89)^2 +LOG(C89/C90)^2 +LOG(C90/C91)^2 +LOG(C91/C92)^2 +LOG(C92/C93)^2 +LOG(C93/C94)^2 +LOG(C94/C95)^2 +LOG(C95/C96)^2 +LOG(C96/C97)^2 +LOG(C97/C98)^2 +LOG(C98/C99)^2 +LOG(C99/C100)^2-(LOG(C/C100)^2)/100)/100)*0.5
Best regards
Sanjay
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Thanks very much Doug.
Rgds
Sanjay
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Hi Bruce,
Firstly may I say that the support that the worden trainers are providing are first class.
Following on from the posting that was made on the 24th March on the Historical Volatility, I would be greatful if you could kindly assist me with the following.
I am looking for the formula to :
1) plot as indicators where the 6 day HV is above or below the 50% 100 day HV and the 10 day HV is above or below the 50% 100 day HV.
2) As a PCF to scan the market to highlight those stocks where the 6 day HV is above or below the 50% 100 day HV and where the 10 day HV is above or below the 50% 100 day HV.
Thank you in advance for you help.
Best regards
Sanjay (from the UK)
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