Fchart Formula

kumeresa · #**101** 24th July 2008, 01:06 AM

I have recently started on TA and have been reading up on the same. Your forum has been a source of significant information. Based on the same I have registered for the 7 day trial for FCharts and intend to buy the same as it is indeed attractively priced. Once I have some level of understanding i hope to depend on this forum to help out with formulaes.

Appreciate the good work.

rhimadri · #**102** 2nd August 2008, 03:20 PM

Quote:

Originally Posted by mcid28a

Sir,

I am asking this, as it is something related to Fcharts. Will anyone tell me how Fcharts calculate RSI (9 or 14). I used the formula obtained from stockcharts. But the result did not match with that I got from Fcharts. I used the same data in both. Please help me.

The data which I used and the result files (.CSV) are at;
http://www.geo cities.com/mcid28a/data.txt (remove space)
http://www.geo cities.com/mcid28a/rsi14.txt (remove space)

Thanks in advance,

Peter (mcid28a@ya hoo.com)

From the indicator setting you can change RSI period as per your requirement.
Tick mark Avg RSI and apply. It may solve your problem.

Cheers

Himadri

rhimadri · #**103** 2nd August 2008, 03:24 PM

Quote:

Originally Posted by ruchir131986

hi can anyone tell me how to make formula of parabolic sar formula if it encroaches or present in candlestick bar of today???? i m not getting proper way.... i tried with parabolic sar equals to high also with previous high.... but m not getting the result which i want...... please help me soon......

You may try with the following formula:-

SAR > CLOSE AND SAR[1] < CLOSE[1]

Please give your feedback.

Cheers

Himadri

rhimadri · #**104** 2nd August 2008, 03:27 PM

Quote:

Originally Posted by slah04

Hi Himadriji

howdy... I was wondering if you could just again quote on your intraday formula that you have previously posted in this forum, specially those working on moving averages (10,50,200). A recapitulation would really benefit us

Rgds

SNL

Any formula you have thought can discussed in details for benefit of the members.

Cheers

Himadri

rhimadri · #**105** 2nd August 2008, 03:37 PM

Quote:

Originally Posted by Andrew-Scott-Music

Himadriji,
Your posts in this forum are an inspiration for novices and professionals alike.

My question to you concerns the pair of formulae that you provided in March 2008, namely

(LOW = LOWEST_LOW[5] AND LOW = LOWEST_LOW[-5] AND LOW * -1)

and its opposite

(HIGH = HIGHEST_HIGH[5] AND HIGH = HIGHEST_HIGH[-5] AND HIGH * -1) or (low < low[c1] * .98)

which includes the stop loss you recommended.

My first reaction to these formulae after a bit of experimenting with them was that I had found the Holy Grail.
Lately, however, I am having confusing results when I watch the signals evolve on a day to day basis.
For example, in the attached chart for AQP, there is a 1 signal on the most recent day, July 18.
This would be OK except that my software originally showed a 1 signal on July 10, indicating an entry on July 11. I put the stock on my watchlist, but didn't look at it for a few days, when I discovered that the 1 signal had vanished from July 10 and re-appeared on July 18.
The same situation happened for the BHP chart, which is also attached.
Given that these formulae are uncannily accurate at finding highs and lows in retrospect, could it be that the formula calculates forward in time as well as backwards?
In other words, it finds the lowest low in the last 5 days, and also the lowest low in the next 5 days as well?
I would very much appreciate your comments.
regards,
Andrew

Dear Andrew

I have already explained that above formula is to find out trend based on 5 days swing. With such formula you can find trend with higher top or lower bottom. Even you trade with the formula wait for 3 days to hold high or low created in 5 days swing. If you have any more suggestion can discussed in detail.

Cheers

Himadri

Andrew-Scott-Music · #**106** 4th August 2008, 07:57 AM

Thank you Himadriji.
Does your answer imply that if we wish to convert the formula to an entry signal, we should amend it to read:
(LOW[3] = LOWEST_LOW[5] AND LOW = LOWEST_LOW[-5] AND LOW * -1)
?
regards,
Andrew

ruchir131986 · #**107** 9th August 2008, 10:57 PM

Quote:

Originally Posted by rhimadri

You may try with the following formula:-

SAR > CLOSE AND SAR[1] < CLOSE[1]

Please give your feedback.

Cheers

Himadri

hello rhimadriji thanks a lot for your support.... your formula is giving me the result.... but actually i was wrong to ask you.... actually i wanna know the formula which tells me about stocks which have changed their status from in short to in long OR in long to in short.... can you guide me further???? thanks a lot in advance......

rhimadri · #**108** 11th August 2008, 06:39 PM

Quote:

Originally Posted by ruchir131986

hello rhimadriji thanks a lot for your support.... your formula is giving me the result.... but actually i was wrong to ask you.... actually i wanna know the formula which tells me about stocks which have changed their status from in short to in long OR in long to in short.... can you guide me further???? thanks a lot in advance......

You may try like this:-

From in short to in long

1) inlong and previous inshort

From in long to in short

2) inshort and previous inlong

Cheers

Himadri

ruchir131986 · #**109** 11th August 2008, 10:33 PM

Quote:

Originally Posted by rhimadri

You may try like this:-

From in short to in long

1) inlong and previous inshort

From in long to in short

2) inshort and previous inlong

Cheers

Himadri

rhimadriji thanks a lot for your co operation....... its working..... but still i have some queries... hope you will help me in it....
in fchart pro there is an sar point after the last candle also... what is that one???? is it for tomorrow????? i was interested to know the formula pattern of that day sar value.... means your this formula gives result of sar which has changed direction from short to long of todays last bar..... rather than about sar value which i m telling you.... m unable to explain further.... hope you have understand my query....
thanx a lot in advance....
Ruchir....... i also want to know how to backtest a formula..... i dont anything about that...........
once again thanx a lot.....
Ruchir

sachuc · #**110** 16th August 2008, 09:20 AM

Sir/Madam
I want to know to know the basic thing about this formula from which I can learn further
The formula states if
If today's close > previous 20 day's highest high Then
20 day's lowest low ( which will form the blue line ) Iunderstood the first part that if todays close is> last 20days high tis part is ok but then it says "then 20 day's lowest low(green line)" why should there be a line of lowest price of last 20 days if there is a breakout of 20 days high what is the use of that low
I know this is very basic question but unlkess I know this I wont be able proceed forward in stdy of fchart formulae
Sachuc
Example : for 20 Day

First open user defined indicator, write the following formula in any UDI say in UDI8:-

If close > previous highest_high[20], lowest_low[20], highest_high[20]

In UDI8, Tick mark plot on main chart and force to price scale.Now go to setting and change colour of UDI8 to Blue

It will show zig zag line on main chart based on the fact if the above condition is occurred UDI8 will be lowest_low[20] otherwise highest_high[20].
Again if you want a horizontal line based on last days UDI value based on above condition, first un tick plot on main chart and force to price scale from UDI8 and write following formula in UDI9:-

UDI8[RECORDCOUNT]

Tick mark plot on main chart and force to price scale in UDI9. and change colour setting accordingly.

And for condition 2 in 20 days formula for udi will be as follows:-

If close < previous lowest_low[20], highest_high[20], lowest_low[20]

However if you need any further clarification, please write in details.

Cheers

Himadri[/quote]

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