Fchart Formula

sachuc · #**111** 16th August 2008, 10:00 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 ) I understood 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 unless I know this I wont be able proceed forward in stdy of fchart formulae
Sachuc

sachuc · #**112** 4th September 2008, 03:37 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 ) I understood 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 unless I know this I wont be able proceed forward in study of fchart formulae
Thank you
Sachuc

TEJASPD · #**113** 18th September 2008, 12:00 AM

Hi Himadri ji

I want a formula which gives me stock which just started falling down (may be 2 days)coz i need to short that stocks for intraday please it will be help full if u write formuls used in fchart pro thanks....

alex_laxya · #**114** 28th September 2008, 03:24 AM

Himadri ji
what a useful thread it is.. hats off to u, saw ur vid of kolkata meet, i am also a die hard indicator lover for positional to swing trades.... was working on p.sar and inside bar b/o ( sunil discussed in asish das new thread) i will try to post my charts in nifty part2 thread based on ur indicators as along with my usual indicators , ur guidance will be highly appreciated
Alex

alex_laxya · #**115** 28th September 2008, 04:39 PM

Himadri ji
i posted the chart using your HH LL indicator, i am mixing it with parabolic sar to confirm the trend. Your help and guidance will be highly appreciated.
Basically i am using this set up for option writing. I am requesting u, can u give me formula for VIX ( volatility index MACD ? ) and udi as open interest put call ratio ( 1 will be neutral 1.7 will be over brought and 0.50 oversold )
I am using Fchart pro.. thanking u in anticipation
Alex

alex_laxya · #**116** 3rd October 2008, 04:40 AM

Finally
I got it, i manage to chart o.i.pcr though i have only 1 month data, its useful anyhow
Thanks for the detailed help

ferozb · #**117** 6th October 2008, 11:36 AM

Dear Himadri,

I have put the formula.
Where to put this formula UDI = -1.0 and LastDayOnly = true

Regards
Feroz

Quote:

Originally Posted by rhimadri

I take this priviledge to inform all members of this forum who are using Fchart that Fcharts are also widely used all over the world alongwith other softwares like Metastock, Advanced get, Amobroker etc. I felt it necessary to open a new thred for Fchart users where they can have discussions specifically on Fchart rather than posting it all over the forum. I sent a request to "Traderji" who has kindly considered my request and allowed me to open the thred for Fchart in software catagory. I have been using Fchart Pro for last six years. In this forum I would be happy to to share my experience with all Fchart users.

In compliement of the above forum I am giving below the formula for "Inside Bar" in Fchart:-

Day traders will look forward for a stock which has made inside trading bar in last trading day to find out next days decissive move. Here is a formula for Inside Bar (((H < H[1], (H = H[1], (H - H[1] < 2)), (OR (L > L[1], L = L[1], (C[1] - C) < 2))))). Put the formula in UDI. When its value is -1.0, its a inside Bar, otherwise its value is always 0. To scan inside bar put formula UDI = -1.0 and LastDayOnly = true and find out which are the stocks have formed inside bar in last trading day.

Cheers

Himadri:

mrsankar73 · #**118** 12th October 2008, 09:04 PM

Can F chart be used for long term trading

alex_laxya · #**119** 12th October 2008, 09:08 PM

Quote:

Originally Posted by mrsankar73

Can F chart be used for long term trading

for long term trading any software will do my friend, f chart is easy to use.

arunpanda22 · #**120** 14th October 2008, 05:51 AM

dear himadri
I am new to this forum and i cud see that u hav an answer to nearly all problems with formula.I hav a tricky problem which I want to make an indicator.I hav Fchart pro.

problem:
It is called as safezone indicator
If the trend is up the
for a lookback period (which should be variable for user) add all the downside penetration depths on 22 day EMA and divide by number of penetrations and then multiply by a user variable coefficient
for eg: in last 10 days say prices penetrated below 22 day Ema 4 time and depth below ema was 3,4,2,1 rs then the safezone indicator should give2.5*coefficient if coefficient is 2 then todays value is 5

If we do this indicator continuosly then it give a line .
for down trend it will just change downside penetration to upside penetration of 22 days EMA

variables are the lookback period,no. of days of EMA and the coefficient

I know its a bit of a tall order but i hope u will be able to help me

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