Access plot - calculation and customizing

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The way the Access plot is calculated is as follows:

The database is defined by using the master ticker list (All the stocks in the data base) or any list structure including group sector list structures. This is set in the global parameter of reports.

For each stock, all indicators as listed, are calculated and then summarized as the percentage of stocks with increasing values for these indicators. The arrows are a graphical representation of that summary. What this all means is that the Access was devised as a breadth indication of your personal data base. We look at what is happening internally with the indicators of every stock. What this tells us is the participation, or lack of participation of all the stock's you are following. Like some of the Breadth indicators for markets, this can be a powerful tool, looking for divergences at market tops and bottoms.

Market log and the Access plot don't tell you much by looking at it for one day. It is a report that you must look at daily, comparing it to the changes to 3-4 day, this helps to get a feel for current market conditions and changes.

You can optimize and change the market log during "different" market conditions Create a Narrower list of 200-700 stocks that are the major movers in the current market and watch participation within this narrower group. Divergences that show up may not be as dramatic or apparent, but will have more meaning in that these stocks have been the darlings, and if they are not participating, then something is wrong.

Broaden your approach. Keep the same database, but look for extreme changes.