Point and Figure can math be done within the chart?

rufflechip
rufflechip ✭
in Other Charting Tools
Hi:

Is it possible to PnF plot a symbol divided by another symbol using stockcharts?
For example: GE / SPY

If that's possible are other math functions also possible such as addition? Can we divide a symbol by multiple symbols and PnF plot that?
For example: AAPL / (NVDA + INTC + AMZN + etc.)

Thanks

Comments

  • lmkwin
    lmkwin ✭✭
    "For example: GE / SPY"

    This is a relative strength or ratio symbol.
    On StockCharts.com you use Symbol colon Symbol or GE:SPY for the example. You can use that ratio symbol for most any type of chart. PnF is no different.

    You can even make a chartlist of ratio symbols that you enter. And in the Performance View of a chartlist you can enter a

    As to the math function in the example, no you can't do that unless you created a User Defined Index. A User Defined Index is basically a spreadsheet that you create within StockCharts that you fill in the values that you would like to use. So you would need to create the daily values of NVDA+INTC+AMZN+etc. and fill that in for a while. AFTER you have enough data assembled you could then use that UDI in some manner. It is not something that I would recommend to do, but it can be done....theoretically.

    https://help.stockcharts.com/data-and-ticker-symbols/ticker-symbols/user-defined-indexes

    You CAN do some Math on StockCharts, like subtracting the Bullish Percents or the % SPX over 50d from the % over 200d. Or taking 60% of the 5 month ROC adding that to 40% of the 12 month ROC to arrive at a weighted value.
  • lmkwin
    lmkwin ✭✭
    oops. Must have gotten distracted by a drone.

    "And in the Performance View of a chartlist you can enter a" .... comparison symbol to be applied against the chartlist to show relative performance against that comparison symbol for the different periods.

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