Baja Ed
11 posts
msg #41474
- Ignore Baja Ed |
2/22/2006 1:04:00 AM
Can someone explain the following "Initials"
moval 22 - 60 - wk
wrval 22 - 60 - wk
and what is behind "Bull Power" & "Bear Power"
I searched the index here at SF and see none of the above indicators.
Many thanks for any clarification.
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nikoschopen
2,824 posts
msg #41477
- Ignore nikoschopen |
2/22/2006 1:18:12 AM
You prolly need to either become "mighty" or turn into yet another TRO ureself to understand those mystical codes. LOL
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yepher
359 posts
msg #41489
- Ignore yepher |
2/22/2006 9:44:22 AM
I have a feeling you are talking about the recent TASC article about Balance of Power. I don't have the magazine handy but I seem to recall the variables he used may have been called:
moval
wrval
I will look tonight for that issue. Maybe someone else has it handy and can confirm or deny this.
-- Yepher
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Baja Ed
11 posts
msg #41584
- Ignore Baja Ed
modified |
2/25/2006 6:49:53 PM
Let me re-phrase my question... what do the symbols stand for?
Its like telling time I don't need to know how a watch works to see what time it is.
I did find out about Bear & Bull Power at Trade Station Easy Language.
Thanks Yepher & Niko for your replies.
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TheRumpledOne
6,411 posts
msg #41586
- Ignore TheRumpledOne
modified |
2/26/2006 8:01:14 AM
WRVAL: williams %r (10) normalized value
ADVAL: accumulation / distribution normalized value
RSVAL: rsi(2) normalized value
MOVAL: momentum(12) normalized value
Since williams %r, accumulation / distribution, rsi(2) and momentum(12) have different scales, in order to plot them in the same chart you have to NORMALIZE their values. I use a scale of 0 - 100.
Normalization allows one to compare "apples" to "oranges":
RSI normally plots on a scale of 0 - 100.
Accumulation / distribution and momentum plot on a scale of -whatever to +whatever.
Williams %r plots on a scale of -100 to 0.
So by going through the process of NORMALIZATION, one can easily compare these indicators.
So when WRVAL, ADVAL, RSVAL AND MOVAL are all near 0 or near 100 you know the stock has bottomed/topped out.
22 refers to a 22 day test ( 22 days is a month's worth of trading days).
60 refers to a 60 day test ( 60 days is 3 month's worth of trading days - yes, I know 66 would probably be better).
WK refers to weekly indicators.
HTH.
MAY ALL YOUR FILLS BE COMPLETE.
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Baja Ed
11 posts
msg #41647
- Ignore Baja Ed |
2/28/2006 9:26:28 PM
Thanks TRO for the clarification, now I have better comfort level with the filters that you wrote that use these symbols.
I owe ya a couple of cold ones.
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