Market Thrust Oscillator

Market Thrust Oscillator
The following formulas were taken from the article, "Cumulative Market Thrust Line" by Tushar Chande, in December 1993 issue of Technical Analysis of stocks and commodities.
This indicator attempts to quantify movements in the Market Thrust Oscillator indicator by calculating the difference between two moving averages.
This system uses the relationship of a smoothed moving average of LENGTH1 (5 bars) of the Thrust Oscillator with its 5-bar exponential moving average
Taken from stocks and commodities, ext. 11:12 (506-511): the cumulative market Thrust line from Tushar S. Chande, PhD.
"Stocks" and a good contributor Tushar Chande originally introduced the concept of market shock in August 1992 as a method by which to overcome the limitations of the index back. Since then, variations on the theme have been proposed here, Chande offers a variation of the cumulative market thrust line, in which the market impact is cumulated to calculate volumetric pre-decline line to include the effect of top-down volume. "
Composite securities are created from 4 separate files. Advances, declines, Upvolume, Downvolume. The side bar article assumes the user has these four files.
Reuters Trend Data (RTD) supplies this data in two files. The tickers are X.NYSE-A (Advances, number and volume) and X.NYSE-D (declining, the number and volume). To use these two files, you must use two different formulas and custom buffer indicator in MetaStock ™ for DOS.
CompuServe reserves of these data in 4 files. The tickers are NYSEI (progress); NYSEJ (fall); NYUP (Advance volume) and NYDN (decline volume).
Dial / Data backup of this data in two files. Advances, number and volume declines and the number and volume. The tickers are NAZ_K @ * and * @ NDZ_K.
For Windows versions of MetaStock:
Research and technology development and selection of data:
# 1: C * V
# 2: 100 * ((P - (C * V)) / ((P + (c * V))))
To plot it:
• Load advances, plot formula first
• Load decline.
• Drag the plotted formula # 1 on progress in reducing the table.
• Plot the thrust indicator formula (# 2) directly on top of the plotting formula # 1 in the table decreases.
For CompuServe Data:
# 1: C
# 2: 100 * ((P - C) / ((P + C)))
Top plot as follows:
• Create a composite of progress * By Year
• Create a composite if declining * Down Year
• Load complex advances, plot formula first
• Load complex falls.
• Drag the plotted formula # 1 on progress in reducing the table.
• Plot the thrust indicator formula (# 2) directly on top of the plotting formula # 1 in the table decreases.
** To create a cumulative thrust oscillator line performing the same steps as above, except change the formula # 2:
Cum (100 * (P-S) / (P + C)) for CompuServe Data
Cum (100 * (P-(C * V)) / (P + (c * V))) for RTD and Dial Data
** To create the cumulative market thrust line, the formula is:
Cum (Q-S) CompuServe Data
Cum (P-(C * V)) for RTD and Dial Data
For DOS versions of MetaStock:
Formula:
Research and technology development and selection of data:
# 1: C * V
# 2: 100 * ((P - (C * V)) / ((P + (c * V))))
To plot it:
• Load advances, plot formula first
• Ctrl + B and preservation of the buffer.
• Load decline.
• Ctrl + B and from buffer.
• Plot the thrust indicator formula (# 2).
For CompuServe Data:
# 1: C
# 2: 100 * ((P - C) / ((P + C)))
Top plot as follows:
• Create a composite of progress * By Year
• Create a composite if declining * Down Year
• Put advances complex, plot formula first
• Ctrl + B and preservation of the buffer.
• Put decline complex.
• Ctrl + B and from buffer.
• Plot the thrust indicator formula (# 2).
Now you have thrust indicator draws exactly as discussed article.