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Re: Equity() observation



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Rick, a picture is worth a thousand words isn't it ? Very nice, thanks 
Thomasz.

It took me a relative short time to realize that i'm not very good at 
guessing market direction even with the tech the tools available. So 
my plan of attack has been to have an equal # of dollars invested on 
the short side and the long side. Often i'll be right on both 
positions but it'll be rare that i'm that i'll be wrong on both. My 
aim is to be more right than I am wrong. For me anyways it just seems 
to be a win, win situation.

Since the birth of this equity tool, what i've done is run a scan 
using various formulas in the AFL library and named a watch list with 
the same name as the formula.

I've got 2 indicators on the screen. 1 is equity the other is the Zig 
that was provided by Thomas. I go down the symbol tree one at a time 
while looking for the equity to continue going up while the Zig is 
correcting. If it seems to be working i'll add that stock to the watch 
list and on to the next symbol.

The same thing using a different indicator then another then another 
and so on. Now looking at the results of the different watch lists 
there will be some stocks that make more than 1 watch list, as they 
say (getting the ducks in a row).

Something I would like to see is that when the price bar is moved 
across the screen the value would be on the indicator similar to the 
way the O/H/L/C/V is on the price chart. I know it can be done using 
the guru commentary but thats way above my head for now, it took me a 
week to realize that AFL stands for AFL. if anyone has Zig and equity 
for use with the guru commentary i'd be most thankful. 

Thomasz, your software is under priced and over valued.

Don

--- In amibroker@xxxx, "Rick Parsons" <RickParsons@xxxx> wrote:
> Tomasz,
> 
> I haven't seen this observation mentioned before.
> 
> I find that when I run Backtest on a small group of stocks in a 
specific watchlist and the AFL contains the Equity() function and then 
I click on stocks that were NOT included in the watchlist or backtest, 
those stocks sometimes contain their own equity curve which shows up 
on the chart.
> 
> How does this happen? Is Equity() acting like an Indicator Builder 
formula and applying my backtested AFL system to any stock I click on?
> If so, boy, that is a neat, neat trick. Then I can just scan thru 
all stocks looking for great equity curves for my formula.
> 
> Don't tell me it's not so... <grin>
> 
> Thanks,
> Rick