| steadyprofit |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Tuesday, March 15, 2005 |
| Tuesday, February 2, 2010 5:59:09 PM |
10
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I mostly use Stochastics and MACD on weekly charts, is it possible to rewrite these for weekly scanning?
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Is it now possible in the latest version to scan for stocks based upon "weekly" indicator results versus "daily"?
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Think I figured it out. To change the 3 day Stochastic 10,5,1 to Stochastic 10,15,1 I took the pcf and included fifteen values between the parenthesis and then divided by 15. Makes for a pretty long pcf, but the results appear favorable. If you could confirm this is correct, I can do the grunt work to rework the forumlas you provided earler. Thanks for your patience.
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Point of correction in my original post of 3/15/05. Should have read Stochastic 10,15,1 and NOT 10,5,1. Sorry for my confusion. My post of 4/2/06 correctly identifies the Stochastic I utilize. What change do I need to make? I hadn't caught my error until after I had sent my last post.
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Still having a problem getting the results I'm looking for regarding Stochastic: Period 10, SK 15, SD1 (simple). I ran the 3 day scan you graciously provided, and it selected several stocks that according to the indicator should not have been included. Look at TEX for example. The three day stochastic has been in a down trend for 6 periods, and yet the 3-days per bar pcf selected it as meeting the criteria. Any suggestions? I didn't try the 2, 4, and weekly. I assumed they had the same problem as the 3 day.
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Thanks Bruce, this will give me something to play with this weekend. Can't wait! Gives me a little understanding how the software thinks on the multi-day applications. Very helpful.
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Since I may scan only once every three days, I have in the past written a daily stochastic that tells me if the value "turned up" for the current day, yesterday, or the day before. This was done so I don't have to scan everyday to catch the one day the value "upticked" from the previous day. Ideally that is what I would like to accomplish with the 3 day. I'm looking for the upturn in the fishing hook. All that said, having the upturn for just a single bar would be great, or if that's not possible or just too time consuming, having the current value today greater than yesterday would be light years ahead of what I am doing currently. Because my initial scan is looking for the 3 day to hook up, for the 2 day and daily I only want them to have a greater value today than yesterday.
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To further clarify: I typically only scan (space bar) on the weekend or midweek, so the 3 day stochastic may be up from 1-3 bars. I just want the 2 day and daily to be up a minimum of one bar.
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One bar.
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I utilize Stochastic 10,5,1 (simple)on a daily, two and three day basis. I'm interested in an upturn and not a crossover. Can a pcf be written for these multi day applications?
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