- ago
Some of us work a lot with price indicators (and time indicatior). Now the different parts of price-indocators are wildly separated and some are completely encrypeted like change in percent in number of bars is now “ROC” rate of change. Indianer Jones will find all the parts of the puzzle, for us normalos it would be a great help to summarize all the parts in a little table.
Price is x($) lower
Price is x (%) lower
Price is same or lower as
Price decreased a number of bars = ROC
Etc
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- ago
#1
Agreed with you to some extent. But at the same time this design makes it super flexible and universal. Every new indicator gets installed automatically and instantly available in Blocks. It's generally expected that system traders know the tools of the trade, especially such universal as ROC or Momentum.

So, everything is an "indicator" in this new paradigm: be it Price, general Indicator, Fundamental item (Event) or even some market sentiment series from Quandl or U.S. Treasury yields etc.
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- ago
#2
I understand the new logic, but its a great difference for 6.9 users. A small paper with the new "where to find price and date" would be enough, its not a question for redesign ;-)
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- ago
#3
Thank you for the suggestion. Started a cheat sheet:

https://wl6.wealth-lab.com/Forum/Posts/Rules-WL6-gt-Building-Blocks-WL7-40617/
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- ago
#4
Thank you very much.


Almost perfect ;-)

As mentioned, the "price increased/decreased in x bars for x percent" with "ROC" is missing
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- ago
#5
Thanks.

QUOTE:
As mentioned, the "price increased/decreased in x bars for x percent" with "ROC" is missing

Are you sure? Is it different from what the list has for...

* Price is higher (lower) by % than it was a number of bars ago =
1. Either "Indicator % Above/Below Indicator", choose Price for both Indicators
2. or "Indicator Compare to Value", choose N-period ROC and Value
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- ago
#6
Yes, I am sure - I overread it ;-)
Thanks a lot.
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