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Alex:
Thanks for your comments.
But as I understand, the original OddBall code "smoothes" the ROC by taking the average of the last 7 bars ? (RL=7)
If so, there should be more gradual increases or decreases in the value when right clicking over each bar.
Seems my coding attempt does not produce this feat.
Frank
On Wed, 5 Jun 2002 10:09:47 -0700 (PDT)
alex@xxxxxxxxxxxxxx (Alex Matulich) wrote:
> Frank wrote:
>
> >I'm having a bit of trouble trying to create just a simple
> >indicator so that I can left click on any bar and it will show me
> >in that little TS2000i square window the "percentage" of Advancing
> >issues such as >3% or better which should show a signal shuld have
> [snip]
> >Somehow I it appears I need to get the "percentage math" into it:
>
> Hint: look at the source code for RateOfChange. It's already a
> percentage, scaled so that 1 whole unit is 1%.
>
> >Inputs: RL(7), BZ(3), SZ(1);
> >
> >Plot1(RateOfChange(Close Data2, RL));
> >Plot2(0,"Zero");
>
> The RateOfChange output on advancing issues will be strange values
> like -56 or +98. If the previous value of Advancing Issues was low
> (say 2), and the next value is higher (say 40), the ROC will be
> huge.
>
> If you want percentage that are advancing issues, you can get that
> only by dividing advancing issues by total issues.
>
> --
> ,|___ Alex Matulich -- alex@xxxxxxxxxxxxxx
> // +__> Director of Research and Development
> // \
> // __) Unicorn Research Corporation -- http://unicorn.us.com
>
>
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