iCharts Discussions

shekharkulkarni · White Belt Joined: 24 Apr 2008 Posts: 12

Hello,

Could you see the possibility of including this feature in the technical analysis pack that you already have like chande momentum osc and the qstick indicator. I have tried it using the simple excel sheets however it is a tedious task.

Regards,
Shekhar Kulkarni

SwingTrader · Posted: Tue May 27, 2008 10:24 am Post subject:

I will think about this. We can probably add it to Charts (Premium)....it might not be possible in JCharts. I will take a look at this and see how soon we can add it.

Regards.

shekharkulkarni · White Belt Joined: 24 Apr 2008 Posts: 12

Hello,

This is how it can be done.
http://trader.online.pl/MSZ/e-w-Chandes_Forecast_Oscillator_I.html

The calculations are given in the link. To see if we are correct what one can do is use excel sheet. First in Add ins add the the package Analysis ToolPak. Once that is loaded in excel we can then select a range of data and click on Tools and Data Analysis and then regression. We thus get the co-efficient and r 2 which chande is talking about. However i am also not very sure how to take further data and calculate.

Regards,
Shekhar Kulkarni

SwingTrader · Posted: Tue May 27, 2008 9:12 pm Post subject:

Thanks for the links, I will take a look at them and plan on adding this indicator soon.

Regards,

shekharkulkarni · White Belt Joined: 24 Apr 2008 Posts: 12

Thank you ST sir. Would be a good tool in the already powerful icharts arsenal.

Regards,
Shekhar Kulkarni