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Any TC2000 USER could explain this to me;
"CANSLIM IBD Acc-Dis PCF
AVG(BOP,65)
In an EasyScan, use the EasyScan Range Selector to
DETERMINE the Accumulation/Distribution Rating:
A or B rating means the stock is being accumulated
. . .A rating = Range Selector Rank (%) > 80
. . .B rating = Range Selector Rank (%) > 60 AND < 80
C rating indicates a neutral setting
. . . C rating = Range Selector Rank (%) > 40 AND < 60
D or E rating means the stock is being distributed (sold)
. . .D rating = Range Selector Rank (%) > 20 AND < 40
. . .E rating = Range Selector Rank (%) < 20 "
What is "Range Selector Rank (%)" ????? How could this be
implemented in AB ? It would be nice to simulate IBD Acc-Dis so in
compination with EPS Rank and QRS or RS Rank we could simulate
IBD !!!
--- In amibroker@xxxxxxxxxxxxxxx, "mickeyamelinckx" <mickeyA@xxxx>
wrote:
> This is what I found about CMS and BOP. As I understand it BOP is
a
> substitute of Accumulation/Distribution and Cum Moneystream is a
> substitude of OBV but better.
>
> It is actually the TC2000 MONEYSTREAM that interest me the most
> because Iīm a extensive user of OBV. BOP I becomes more
interesting
> if you take large time periods.
> If anyone could help with Moneystream ??? Reading this below it
> should be OBV but with H L C and ATR are
> incorporated.
> --------------------------------
> "Worden's formulas are PROPRIETARY!
> Example:
> From the TeleChart 2000 Help Topics Index
> Money Stream
> " The main difference between OBV and CMS is that CMS has a greater
> ability to contradict price movement than OBV does. This is
achieved
> by using all of the elements within the daily price bar rather than
> just the close. The high, low, close and daily range are related
to
> volume in a unique and proprietary way."
>
> That makes sense to me! This is enough information for me to 'get
> comfortable' with the indicator and run comparisons between OBV
> and CMS. REPEAT:
> BOP is Worden's proprietary Accumulation/Distribution formula"
> --------------------------------
> " The Accumulation/Distribution is really a variation of the more
> popular On Balance Volume indicator. Both of these indicators
> attempt to confirm changes in prices by comparing the volume
> associated with prices."
>
> Where is the magic to the Accumulation/Distribution indicator!
> MoneyStream "has much the same objectives as OBV";
> BOP "tells you whether the underlying action in the trading of
> a stock is characterized by systematic buying (accumulation) or
> systematic selling (distribution)."
> ---------------------------
> > Accumulation/Distribution
> . Balance of Power (BOP) tells you whether the underlying
> action in the trading of a stock is characterized by
> systematic buying (accumulation) or systematic selling
> (distribution).
>
> > OBV (On Balance Volume)
> . Money Stream (MS) has much the same objectives as OBV.
>
> > MFI (Money Flow Index)
> . Time Segmented Volume (TSV) essentially measures the amount of
> money flowing in or out of a particular stock.
>
> Review the resources at the end of the specific PCF tutorials
> archived at
> http://www.tradeon.com/tradeon/tc2000/tc2ug.html
>
> Its a matter of personal interpretation so,
>
> How do Accumulation/Distribution and BOP compare?
> http://www.equis.com/Education/TAAZ/?page=27
> http://www.investopedia.com/terms/a/accumulationdistribution.asp
>
> How do OBV and MS compare?
> http://www.equis.com/Education/TAAZ/?page=82
> http://www.investopedia.com/terms/o/onbalancevolume.asp
>
> How do Money Flow Index and TSV compare?
> http://www.equis.com/Education/TAAZ/?page=73
> http://www.investopedia.com/terms/m/mfi.asp
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "the_chairmann"
<jhart_1972@xxxx>
> wrote:
> > Thanks Mickey! By the way, a quick poll ....does anyone find
the
> > BOP useful? When I was a TC2000 user the BOP always looked like
> an
> > interesting indicator but I never found it to be effective. For
> > example a lot of times in a strong uptrending market, the BOP
> > indicator would often times have a sell signal. I didn't
> > necessarily see the "hidden" buying or selling Worden often
> claimed
> > it signaled
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "mickeyamelinckx"
<mickeyA@xxxx>
> > wrote:
> > > And here is what I found on Balance of power although and
> changes
> > > some things on the indicator and to have variable time
periods.
> I
> > > would like to know, IF someone knows what time periods TC2000
> > uses ?
> > >
> > > //Balance Of Power - BOP
> > > period = Param("BOP period", 100, 2, 200, 1 );
> > > ThL1=IIf(H-L==0,.00001,H-L);//{Reward Based on the Open}
> > >
> > > BuRBoO=(H-O)/(ThL1);
> > > BeRBoO=(O-L)/(ThL1);//{Reward Based on the Close}
> > > BuRBoC=(C-L)/(ThL1);
> > > BeRBoC=(H-C)/(ThL1);//{Reward Based on the Open-Close}
> > > BuRBoOC=IIf(C>O,(C-O)/(ThL1),0);
> > > BeRBoOC=IIf(C>O,0,(O-C)/(ThL1));
> > >
> > > BOP=(BuRBoO+BuRBoC+BuRBoOC)/3 - (BeRBoO+BeRBoC+BeRBoOC)/3;
> > > BOP=EMA(BOP,period)*1000;
> > > Graph0=bop;
> > >
> > > Plot(BOP,"BOP",4,2);
> > > PlotGrid( 100, colorBlack );
> > > PlotGrid( 0, colorBlack );
> > > PlotGrid( -100, colorBlack );
> > >
> > > Now there is still the MONEYSTREAM indicator !!! What I have
> > found
> > > about and maybe someone else could fill in the blanks.
> > >
> > > "Cumulative moneystream moves much like OBV but it has a bit
> more
> > > power to contradict. Moneystream embodies both price and
volume,
> > > although if volume is not available, an automatic adjustment
> takes
> > > place in the formula and the indicator is calculated and
> > displayed.
> > > The pure price version has less power to contradict.
> > > Moneystream has certain similarities to Mark Chaikinīs
> indicator.
> > > However I discovered what I consider a logical error common to
> all
> > > three of those approaches. Which is all I have to say about
MS"
> > >
> > > It must be a compilation of OBV, Larry Williams A/C and
Chaikin
> > > indicator I think.
> > > Anyone who could check this indicator above with TC2000 and
let
> us
> > > know how it is. And if someone could fill in the blanks on
> > > Moneystream please let us know.
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx, "mickeyamelinckx"
> <mickeyA@xxxx>
> > > wrote:
> > > > This is the message posted about TSV but I havenīt found
> > anything
> > > on
> > > > TC moneystream or Ballence of Power ! Offcourse can you use
> > > TC2000
> > > > plugin but if you use other service like QP etc this is not
> the
> > > case.
> > > >
> > > > I know these indicators are propretary but if someone could
> > > already
> > > > explain a little how they work then maybe we could give it a
> try.
> > > > Thanks
> > > >
> > > >
> > > > Message 43066 of 43791 | Previous | Next [ Up Thread ]
> > > Message
> > > > Index Msg #
> > > >
> > > > From: "the_chairmann" <jhart_1972@xxxx>
> > > > Date: Mon Jun 23, 2003 4:17 pm
> > > > Subject: Re: Worden Formulas
> > > >
> > > >
> > > >
> > > >
> > > > So there is a high correlation between the two? - LOL Thanks
> > Ken.
> > > > I better hurry up and process this before Worden's gang find
> it
> > > > posted here and demand its removal
> > > >
> > > >
> > > > --- In amibroker@xxxxxxxxxxxxxxx, "Ken Close" <closeks@xxxx>
> > wrote:
> > > > > I have found the following formula a close approximation
to
> > TSV.
> > > It
> > > > > passes my "eyeball" test. I am not the author of the
formula
> > and
> > > > can
> > > > > not explain why it does such a fairly good job of
> > approximating
> > > > the TSV
> > > > > of TC2k. I know of no equivalent approximate formula for
> > > > MoneyStream.
> > > > >
> > > > >
> > > > > Ken
> > > > >
> > > > > T = 18; // For a TSV with 18 day period
> > > > > TMA = 9; // For MA of TSV
> > > > >
> > > > > Alpha = 2/(T+1);
> > > > >
> > > > > TSVd= ( C-Ref(C,-1)) / ( H-L )*V;
> > > > > /* The following calculates Exponential Average for TSV */
> > > > > TSV_exp = 100*(AMA(TSVd,Alpha) * T/10000000);
> > > > >
> > > > > TSV_ref= Sum((( C-Ref(C,-1)) / ( H-L ))*V, T ); //for
> reference
> > > > >
> > > > > /* The following is simple TSV */
> > > > > TSV = MA(TSVd,T) * T/10000000;
> > > > >
> > > > > TSV_MA = MA(TSV_exp,TMA);
> > > > >
> > > > > //Plot(TSV,"TSV",4,4 + 2);
> > > > > //Plot(TSV,"TSV"+ WriteVal(T,1.0),5,4);
> > > > > Plot(TSV_MA,"MA",4,4);
> > > > > Plot(TSV_Exp,"TSV(exp)",colorYellow,4);
> > > > > Plot(0,"",7,1);
> > > > >
> > > > > -----Original Message-----
> > > > > From: the_chairmann [mailto:jhart_1972@x...]
> > > > > Sent: Monday, June 23, 2003 9:04 AM
> > > > > To: amibroker@xxxxxxxxxxxxxxx
> > > > > Subject: [amibroker] Worden Formulas
> > > > >
> > > > > Does anyone know the formulas to Worden's Time Segmented
> > Volume
> > > > and
> > > > > Moneystream? I've always found them to be pretty
interesting
> > but
> > > > > now that I've switched away from TC2000 I no longer have
> > access
> > > to
> > > > > them.
> > > > >
> > > > >
> > > >
> > > >
> > > >
> > > >
> > > > --- In amibroker@xxxxxxxxxxxxxxx, "Jayson" <jcasavant@xxxx>
> > wrote:
> > > > > Ron,
> > > > > I cannot recall who sent me this (Ken??)but here is an
> > > > approximation of
> > > > > TSV......
> > > > >
> > > > >
> > > > > /* Modified TSV calculation from Mohan
> > > > > on 11/26/02 */
> > > > >
> > > > > T = 18; // For a TSV with 28 day period
> > > > > TMA = 10; // For MA of TSV
> > > > > TSVd= ( C-Ref(C,-1)) / ( H-L )*V;
> > > > > /* The following is simple TSV */
> > > > > TSV = MA(TSVd,T) * T/10000000;
> > > > > TSV_MA = MA(TSV,TMA);
> > > > >
> > > > > Plot(TSV,"TSV",IIf(tsv>0,5,4), 2);
> > > > > //Plot(TSV,"TSV"+ WriteVal(T,1.0),5,4);
> > > > > Plot(TSV_MA,"MA",6,4);
> > > > > //Plot(0,"",7,1);
> > > > >
> > > > >
> > > > >
> > > > >
> > > > > Regards,
> > > > > Jayson
> > > > > -----Original Message-----
> > > > > From: mrdavis9 [mailto:mrdavis9@x...]
> > > > > Sent: Sunday, July 06, 2003 12:38 PM
> > > > > To: amibroker@xxxxxxxxxxxxxxx
> > > > > Subject: [amibroker] TC2000 MoneyStream Bop TSV
> > > > >
> > > > >
> > > > > Jayson, thanks for your advice yesterday. I don't have
> > > TC2000.
> > > > I want to
> > > > > do some testing with whatever Amibroker simulations of
TSV,
> > > BOP,
> > > > and
> > > > > Moneystream that may have been developed. I saw a post
> within
> > > the
> > > > past two
> > > > > weeks regarding one of them, but I am unable to locate
where
> I
> > > > saved it in
> > > > > my favorites folders. I'd appreciate someone posting
them,
> or
> > > > offering
> > > > > suggestions about how I might find them. Ron D
> > > > >
> > > > > ----- Original Message -----
> > > > > From: Jayson
> > > > > To: amibroker@xxxxxxxxxxxxxxx
> > > > > Sent: Sunday, July 06, 2003 11:03 AM
> > > > > Subject: RE: [amibroker] TC2000 MoneyStream Bop TSV
> > > > >
> > > > >
> > > > > Mikey,
> > > > > If you use TC2000 then this indicator is available via
the
> > > plug-
> > > > in using
> > > > > getextradata......
> > > > >
> > > > > Regards,
> > > > > Jayson
> > > > > -----Original Message-----
> > > > > From: mickeyamelinckx [mailto:mickeyA@x...]
> > > > > Sent: Sunday, July 06, 2003 10:05 AM
> > > > > To: amibroker@xxxxxxxxxxxxxxx
> > > > > Subject: [amibroker] TC2000 MoneyStream Bop TSV
> > > > >
> > > > >
> > > > > Anyone have been able to simulate TC2000 Moneystream,
> > Ballance
> > > of
> > > > > Power or Time segmented volume already for AB ??
> > > > > Because the possibility is here in AB making indicators
of
> > > full
> > > > db
> > > > > of stocks.
> > > > >
> > > > >
> > > > >
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