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Adding a moving average to existing indicator |
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maximo 
BullCharts Guru 
Joined: 02 Sep 2006 Location: Australia Posts: 232 |
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 Topic: Adding a moving average to existing indicatorPosted: 28 Mar 2010 at 2:59pm |
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You have to make one yourself, a legend/picture of them. Otherwise you could refer to the list of Sector codes for each line.
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jalna
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Joined: 31 Mar 2007 Posts: 95 |
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Posted: 17 Mar 2010 at 8:47pm |
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maximo !!!! Are you still out there.
I would love to know how to get the names of the sectors to appear on the charts |
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maximo
BullCharts Guru
Joined: 02 Sep 2006 Location: Australia Posts: 232 |
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Posted: 30 Nov 2009 at 3:29pm |
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Hi Marco,
You can gauge this by the resulting list by checking how many stocks in the list are above 0. The number of stocks above 0 will tell you how many are out performing the index. That's using the RSI or ROC comparison. I think BullCharts scan results has a counter in the scan results so you don't even have to count them :) Edited by maximo - 30 Nov 2009 at 3:32pm |
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Marco
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Joined: 29 Mar 2008 Location: Australia Posts: 6 |
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Posted: 30 Nov 2009 at 9:00am |
Excellent. I missed that thread!! I'll take a look. However, whereas that thread is to pick out particular stocks that are out/under performing, I am looking for an overall "participation" indicator. That is, if the XAO is making fresh highs, is there an increasing number of its constituent stocks making 20 day highs, or is there less market participation than what we would like to see. |
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maximo
BullCharts Guru
Joined: 02 Sep 2006 Location: Australia Posts: 232 |
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Posted: 29 Nov 2009 at 2:18pm |
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It's a good topic covered earlier this year. When you do the scan for a comparison of stocks versus an Index, the stocks are sorted in order from highest high to lowest low for the period of your choosing. The stocks at the top of the list forming higher highs, stocks at the bottom forming lower lows. http://www.bullcharts.com.au/forum/forum_posts.asp?TID=561 Edited by maximo - 29 Nov 2009 at 4:41pm |
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Marco
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Joined: 29 Mar 2008 Location: Australia Posts: 6 |
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Posted: 27 Nov 2009 at 3:32pm |
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Maximo, I've always been interested in the way Traderfeed tries to gauge market participation by comparing stocks making fresh 20 day highs versus those making new lows during the week ( which I take to mean fresh 20 day lows).
See here: http://traderfeed.blogspot.com/2009/11/large-cap-strength-small-cap-weakness.html Do you think there would be merit for the Bullcharts community to have such an indicator that we could then compare to index's movement?. I guess its another take on A/D. Not sure how difficult this would be to code up?? Given you'd want a reasonable basket of stocks, the XKO might be one we could use. |
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jhubbard
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Joined: 17 Sep 2009 Location: Sydney Posts: 10 |
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Posted: 01 Oct 2009 at 9:30am |
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Thanks Maximo - I hadn't thought of that. I will give it a try.
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maximo
BullCharts Guru
Joined: 02 Sep 2006 Location: Australia Posts: 232 |
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Posted: 26 Sep 2009 at 6:26pm |
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You could try a TradeSim scan in bullcharts. It's capable of sorting by an indicator value in the TradeSim Scan [advanced tab].
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jhubbard
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Joined: 17 Sep 2009 Location: Sydney Posts: 10 |
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Posted: 24 Sep 2009 at 5:23pm |
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Hi Maximo,
That's kind of the answer I was hoping you would come up with. Except for the bit where you seem to be saying that there no inbuilt sort (or ranking) routine in bullscript!! I was hoping this wasn't going to be the case. Hmmm... this is going to get messy. Regarding the bit on sector stocks - I'm not sure that I would need to code for the list of stocks that belong to each sector. I was thinking I could create an indicator that returned the rank of the sector that was passed to it (using security.sectorindex). Then I could simply create a filter checks that the value returned by the indicator is <= 3. Or alternatively the indicator could just return true if the sector was in the top x sectors. Jeremy. |
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maximo
BullCharts Guru
Joined: 02 Sep 2006 Location: Australia Posts: 232 |
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Posted: 24 Sep 2009 at 4:07pm |
I think this is generally the case with stocks where you can only ever take a percentage of the trades found with a system, though it's possible with FX and Indices as they're limited in number.
To filter by sector performance may require a sort routine, where the code determines the top 3 or 5 sectors by using around 90 comparisons. ie. 10 sectors x 9 comparisons. You'd also need to code for the list of stocks in each sector. That's a lot of work.. The custom indicator(s) with sort code can then be applied as an entry trigger for Tradesim.
Max Edited by maximo - 24 Sep 2009 at 4:27pm |
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