|
PureBytes Links
Trading Reference Links
|
Tomasz,
Thanks - I had the feeling I was missing something. (now I have something
new to play with)
regards
Richard
----- Original Message -----
From: "Tomasz Janeczko" <tj@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Sunday, March 18, 2001 6:54 AM
Subject: Re: [amibroker] RELSTRENGTH
> 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/
> >
> >
>
>
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
|