RE: Re: [amibroker] Bangs for your Buck, Coding problem

["gmulhall@xxxx" <gmulhall@xxxx>]

Hal,

In examining the formula, which I obtained from Chris Tate's "The Art of Trading", I think I have misinterpreted it what he means by average range(200).

I was thinging Av range was Highest hi - lowest low over the previous 200 periods.

I now think is more probably ATR(200).

So the formula would be

PossibleDollarReturn = (dollars/close) * ATR(200);

which is simply number of shares purchased * average true range of the stock.

I'll check further and advise.

Geoff

Original Message:
-----------------
From: Hal Brehe infoads@xxxx
Date: Mon, 30 Apr 2001 09:34:43 -0700
To: amibroker@xxxxxxxxxxxxxxx
Subject: Re: [amibroker] Bangs for your Buck, Coding problem


Hi Geoff, 

Thanks for your formula (below). I have coded it into COMMENTARY, and it works well. I'm rather disappointed in that it appears I'm following "lousy" stocks. Possibly that is caused by my not understanding the first term of your formula:

(dollars/close) 

Just exactly what should this be. 

Is it the price of the Close of the last day of data -- or something else?

I'd appreciate that clarification. 

Regards, 

Hal

At 11:03 AM 4/29/01 +1000, you wrote:
>Steve and all,
>  
>Here's a simple formula to enable comparison between stocks to determine which is more likely to give a better return
>  
>Possible dollar return = (dollars/close) * (hhv(close,200) - llv(close,200))
>  
>where dollars is the amout to be invested.
>  
>Now here's where I need some help with Java script. How can I get an afl analysis to write to a csv file for import to Excel
>  
>ticker, date, close, Possible dollar return
>  
>Geoff

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