|
PureBytes Links
Trading Reference Links
|
Hi Richard,
It works that way!
If you specify an empty string as an argument
RelStrength("");
AmiBroker will use base stock defined in Categories/Markets
Best regards,
Tomasz Janeczko
===============
AmiBroker - the comprehensive share manager.
http://www.amibroker.com
----- Original Message -----
From: "Cloonan" <cloonan@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Saturday, March 17, 2001 9:31 AM
Subject: Re: [amibroker] RELSTRENGTH
> Tomasz,
>
> To follow on from Geoff's original request.
>
> My understanding is that at the present it is only possible to use
> RelStrength() against a single index as in your example below which compares
> it to the Australian All Ordinaries (XAO). What could be useful would be to
> allow a comparison against say each stock's industry index.
>
> It seems to me that we just need some variables which carry the relevant
> industry & sector index names that we can reference. This capability seems
> to be an implied in the Categories window where indexes can be set for
> markets, groups and industries.
>
> Have I missed the point on these assignments?
>
> regards
> Richard
>
>
> ----- Original Message -----
> From: "Tomasz Janeczko" <tj@xxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Saturday, March 17, 2001 6:40 PM
> Subject: Re: [amibroker] RELSTRENGTH
>
>
> Hi Geoff,
>
> 1. Yes you can, but please remember about two things:
> a) RelStrength() function needs an index ticker to compare to, for example
> "XAO" (ASE all ordinaries index)
> b) RelStrength() values are not normalized, so they are different for each
> stock. This means that you can only get
> resonable results if you check for rising/falling RelStrength or if
> you detect a new high or new low.
> Absolute levels (such as 1) do not work.
>
> 2. Use graph1 = RelStrength( "XAO" ); to generate relative strength of
> currently selected stock compared to the index.
>
> 3. Comparative Relative Strength is calculated by simply DIVIDING the
> closing price of currently selected stock by the closing
> price of BASE stock (usually an index):
>
> RELSTRENGTH = CLOSE / CLOSE_OF_BASE_STOCK;
>
>
> Best regards,
> Tomasz Janeczko
> ===============
> AmiBroker - the comprehensive share manager.
> http://www.amibroker.com
>
> ----- Original Message -----
> From: Geoff Mulhall
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Friday, March 16, 2001 10:48 AM
> Subject: [amibroker] RELSTRENGTH
>
>
> G'day Tomasz,
>
> Can you assist with the following please ?
>
> 1. Can I use RELSTRENGTH in an Auto Analysis over a selected industry
> (using a filter to choose the industry) to return all those stocks with say
> ma(relative strength(), 30) > 1 say ? (Assuming I have set up the base
> indices correctly of course).
>
> 2. If not, can I plot the relative strength in a separate chart window
>
> graph1 = RELSTRENGTH(); - doesn't work because there is no argument for
> the ticker.
>
> 3. Would you have a reference you could point me at on RELSTRENGTH. (I'm
> wanting to use it to create a watch list as per Weinsteins 'Secrets of
> Profiting in Bull & Bear Markets') so I want to understand how RELSTRENGTH
> is calculated in AmiBroker.
>
> Thanks again,
>
> Geoff
>
>
> RELSTRENGTH SYNTAX relstrength( "tickername" )
> RETURNS ARRAY
> FUNCTION Calculates relative strength of currently selected
> security compared to "tickername" security
> EXAMPLE relstrength( "^DJI" )
>
>
> Yahoo! Groups Sponsor
>
> Click Here to Find Software Faster
>
>
> Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
>
>
>
>
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
|