Special symbols $THHS, $THSINE, $THSAW etc.

denaliguide

what values do symbols like THHS, THSINE, THSAW, THSS, and THEW represent. I see how they are manipulated but I cannot tell what items of price, they are representing.

gord

These are special symbols which represent theoretical sine waves, saw tooth waves etc. they are not representing any particular stock price or index. They are used for learning about indicators and overlays, just pull one up add a few indicators and see how the indicators behave as they follow the repetitive cycle.

PS, I moved your question from the Activity area to the Discussion / Question area so all members could see it. The Activity area is just where new members and badges are announced, most people don't review that area and questions cannot be placed in the appropriate categories.

gord

If you overlay $WLSH in a separate panel it will still be $WALSH. If you overlay it behind the upper chart it will still be $WALSH, they will just have their own scales.

Here are a couple articles that explain the use of these symbols for learning about indicator behavior.

http://stockcharts.com/articles/chipanderson/2010/11/use-thsaw-and-thsine-to-put-any-technical-indicator-under-a-microscope.html

http://stockcharts.com/articles/chartwatchers/2011/06/in-theory.html?st=$thsine

denaliguide

so if i use a PRICE overlay on any of them say, $WLSH, it will NOT represent in anyway, the motion in $WLSH ?