Thanks Steve for the support and resistance on the gold futures,
your and Matt's great newletters nightly, and fantastic TA and
charts throughout the day. I just recently got Tradestation,
what are the symbols for the $BPGDM and gold and silver futures
there? Also added some services and exchanges in the last
couple days, had the free forex charts, but added the ICE/NYBOT
free service so it shows the dollar as @DX in real time, which is
great to see and chart inverse to the EUR/USD. Don't think
oil (@CL) or copper futures, or the 3 market's futures are offered
through the free ICE/NYBOT service, unless you know other futures
symbols through that exchange with TS. Thanks again for any
help with this, still getting to know the differences in market and
other symbols at TS.
Posted by foolwise on 21st of May 2010 at 01:52 pm
TS does not have Bullish Percent symbols to the best of my
knowledge. But if you know the symbols you can create an indicator
to calculate that for you. For example, take the 32 stocks that
make up the $BPGDM and count the number of them with a bullish X on
a P&F chart and then divide that number by the total number of
stocks in that group. 32 in this example. You can do this with any
index or sector. Hope that helps.
Actually to be clear it's not enough that the chart has an X --
it has to be on a buy signal which could be the case even if the
last entry was a O. To be on a buy the most recent column of Xs
must be higher than the previous column of Xs and if the current
column is of Os then it cannot be lower than the last column of Os
(because that would indicate a sell signal).
thanks for explaining that, foolwise. I just asked
Steve before I saw your answer. Well then, thanks to Matt,
Steve and stockcharts that info is made available to us through
them. I misunderstood Matt and Steve's last couple
weekend newsletters explaining the mechanical GDX system, thought
they were automating it through TS, and wondered if there was a
symbol there to do it with. Must be a manual mechanical
system, entered into by hand when it reverses through the 8 MA.
Is that right, Matt and Steve?
Gold Futures, $BPGDM symbols at TS?
Gold Futures
Posted by sonia on 21st of May 2010 at 01:18 pm
Thanks Steve for the support and resistance on the gold futures, your and Matt's great newletters nightly, and fantastic TA and charts throughout the day. I just recently got Tradestation, what are the symbols for the $BPGDM and gold and silver futures there? Also added some services and exchanges in the last couple days, had the free forex charts, but added the ICE/NYBOT free service so it shows the dollar as @DX in real time, which is great to see and chart inverse to the EUR/USD. Don't think oil (@CL) or copper futures, or the 3 market's futures are offered through the free ICE/NYBOT service, unless you know other futures symbols through that exchange with TS. Thanks again for any help with this, still getting to know the differences in market and other symbols at TS.
$BPGDM
Posted by foolwise on 21st of May 2010 at 01:52 pm
TS does not have Bullish Percent symbols to the best of my knowledge. But if you know the symbols you can create an indicator to calculate that for you. For example, take the 32 stocks that make up the $BPGDM and count the number of them with a bullish X on a P&F chart and then divide that number by the total number of stocks in that group. 32 in this example. You can do this with any index or sector. Hope that helps.
Actually to be clear it's
Posted by bkout3 on 21st of May 2010 at 02:41 pm
Actually to be clear it's not enough that the chart has an X -- it has to be on a buy signal which could be the case even if the last entry was a O. To be on a buy the most recent column of Xs must be higher than the previous column of Xs and if the current column is of Os then it cannot be lower than the last column of Os (because that would indicate a sell signal).
thanks foolwise
Posted by sonia on 21st of May 2010 at 02:18 pm
thanks for explaining that, foolwise. I just asked Steve before I saw your answer. Well then, thanks to Matt, Steve and stockcharts that info is made available to us through them. I misunderstood Matt and Steve's last couple weekend newsletters explaining the mechanical GDX system, thought they were automating it through TS, and wondered if there was a symbol there to do it with. Must be a manual mechanical system, entered into by hand when it reverses through the 8 MA. Is that right, Matt and Steve?
That's correct Sonia - we
Posted by steve on 21st of May 2010 at 02:24 pm
That's correct Sonia - we sent out the signal via SMS and one needed to place the order manually. It's not an automated system.