30 Day Price Trend vs Market - WORDEN

30 Day Price Trend vs Market

Description Compares the stock's performance to the S&P 500 index over the past month: Calculation:

(Latest Close Price of Stock / Latest Close price of S&P 500) 100* -------------------------------------------------------------------

(Close Price 4 weeks ago / Close Price of S&P 500 4 weeks ago) Uses: This block is used to plot a 30 Trend vs. Market study. Example: See 30 Day Trend vs. Market study.

5 Day Price Trend vs Market

Description Compares the stock's performance to the S&P 500 index over the past 5 days. Calculation:

(Latest close price of stock / Latest close price of S&P 500) 100* -------------------------------------------------------------------

(Close price 5 days ago / Close price of S&P 500 5 days ago) Uses: This block is used to plot a 5 Day Trend vs. Market study. Example: See the 5 Day Trend vs. Market study.

Above

Description The Above block takes in two date/number series and returns a True for each date that Input1 is above (greater than) Input 2. Uses: The Above block is used anytime you want to compare the values of one line to another. It has many uses including true markers on a chart, creating strategies that compare one line to another, and coloring lines. Example 1: The Above block can be used to plot true markers for all the days that the moving average is above the close price.

True markers on the days when the moving average is above the close.

Block diagram for the example above. Example 2: The Above block can be used to color the moving average line green when it is above the close price.

Moving average line is green on the days that it is above the close price.

Block diagram for the example above. Example 3: The Above block is often used in creating strategies. The example below places a Buy marker on the chart when the Forecast Oscillator is above its own moving average.

Forecast Oscillator is compared to its own moving average using the Above block.

A Buy marker is placed on the day that the Forecast Oscillator is above its own moving average. A Sell marker is then placed when the stock hits a new 300 day high.

Block diagram for the above Forecast Oscillator vs. Moving Average strategy.

Above or Equal

Description Block that compares two date/number series and returns True for each date where Input1 is greater than or equal to Input2. Uses: The Above or Equal block is used anytime you want to compare the values of one line to another. It has many uses including true markers on a chart, creating strategies that compare one line to another, and coloring lines. Example 1: The Above or Equal block can be used to plot true markers for all the days that the moving average is above or equal to the close price.

True markers on the days when the moving average is above or equal to the close.

Block diagram for the example above. Example 2: The Above or Equal block can be used to color the moving average line green when it is above or equal to

the close price. Moving average line is green on the days that it is above or equal to the close price. Block diagram for the example above.

Absolute Value

Description Returns the absolute value of the input. 2 or -2 will return 2. The absolute value of a number is the number's distance from zero. It is always either a postive number or zero. Uses: The Absolute Value block is used anytime you want to convert a line with positive and negative values to one with all absolute values. Example 1: The absolute Value block could be used to change an oscillator into a line of all positive numbers.

An oscillator has values that are both positive and negative.

Adding an Absolute Value block to the oscillator makes all the values positive.

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