Trading the SPOOs with Patrick Slevin! Message Board

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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!

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To: Patrick Slevin who wrote (3603)	2/20/2000 11:23:00 PM
From: Atin	Read Replies (1) of 7434

The bullish percent is about as painful a calculation as it gets! You have to create a PnF chart for every chart, count the ones on buy signals, divide by the total number of charts. That's for one day . . . do that for every day in history and you have the whole chart for the different markets bullish percents! And part of me wonders if I can get the same sort of information from charting advance/declines . . . that's what I am testing right now. The "count the ones on buys" is very PnF centric . . . I'm sort of looking more for "are stocks in general going up or down" which seems to be more about advance/decline. I can chart ((QC:ADVN /QC:ACTV) *100) using QPnf -- this is just advances/active taken as a percent, but I want to actually plot a moving average of this. Or a moving average of (QC:ADVDEC /QC:ACTV). I have to add expression parsing to QPnf someday -- then I'll be able to PnF chart RSI, and MovingAverage etc. Now that would be cool :-) -Atin

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