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<SPAN
class=266483721-18032003>Anthony,
<SPAN
class=266483721-18032003>
I was
reviewing your code for the RS comparison and thought perhaps It would be be an
interesting study for my Sector Rotation work. It Was, thanks! you may find this
variation of use. It provides a visual look at the trend of each
reading. For longer term study you may wish to adjust the ref
periods....
<SPAN
class=266483721-18032003>
<SPAN
class=266483721-18032003>Question: You had selected 250 as a look back period.
Was this arbitrary or have you done some tests to determine this range to be
optimal??
<SPAN
class=266483721-18032003>
file://Relative<FONT
color=#0000ff face=Arial> Comparison %
<FONT
color=#0000ff>
period = 21;<FONT
color=#008000 size=2>//Period of
relative Comparison
<FONT
color=#0000ff>
BaseMarket="~index<FONT
size=2>";<FONT color=#008000
size=2>//select Base
market
<FONT
face=Arial>
x = Foreign(BaseMarket,<FONT
size=2>"C") - Ref<FONT
size=2>(Foreign(BaseMarket,<FONT
size=2>"C"<FONT color=#0000ff
face=Arial>),-period);
x = (x / Ref(<FONT
size=2>Foreign(BaseMarket,<FONT
size=2>"C"),-period)) * <FONT
size=2>100<FONT color=#0000ff
face=Arial>;
y = C<FONT
color=#0000ff> - <FONT
size=2>Ref(<FONT
size=2>C<FONT color=#0000ff
face=Arial>,-period);
y = ( y / Ref(<FONT
size=2>C<FONT
size=2>,-period)) * 100<FONT
color=#282828 size=2>;
rs = y - x;
<FONT
size=2>Filter=1<FONT
color=#282828 size=2>;
AddColumn(RS,<FONT color=#ff00ff
size=2>"Today RS%",<FONT color=#ff00ff
size=2>1.2,<FONT color=#0000ff
size=2>IIf(RS==<FONT color=#ff00ff
size=2>0,<FONT color=#000000
size=2>colorBlue<FONT color=#282828
size=2>,IIf<FONT color=#282828
size=2>(rs>Ref<FONT color=#282828
size=2>(rs,-1<FONT color=#282828
size=2>),colorGreen<FONT
face=Arial>,<FONT color=#000000
size=2>colorRed<FONT
face=Arial>)));
AddColumn(<FONT color=#0000ff
size=2>Ref(RS,-<FONT color=#ff00ff
size=2>1),<FONT color=#ff00ff
size=2>"Yesterday RS%",<FONT
color=#ff00ff size=2>1.2,<FONT
color=#0000ff size=2>IIf(RS==<FONT
color=#ff00ff size=2>0,<FONT
color=#000000 size=2>colorBlue<FONT
color=#282828 size=2>,IIf<FONT
color=#282828 size=2>(Ref<FONT
color=#282828 size=2>(rs,-1<FONT
color=#282828 size=2>)>=Ref<FONT
color=#282828 size=2>(rs,-2<FONT
color=#282828 size=2>),<FONT color=#000000
size=2>colorGreen<FONT color=#282828
size=2>,colorRed<FONT
color=#282828 size=2>)));<FONT color=#0000ff
size=2>
AddColumn(<FONT color=#0000ff
size=2>Ref(RS,-<FONT color=#ff00ff
size=2>2),"2
days ago",<FONT color=#ff00ff
size=2>1.2,<FONT color=#0000ff
size=2>IIf(RS==<FONT color=#ff00ff
size=2>0,<FONT color=#000000
size=2>colorBlue<FONT color=#282828
size=2>,IIf<FONT color=#282828
size=2>(Ref<FONT color=#282828
size=2>(rs,-2<FONT color=#282828
size=2>)>=Ref<FONT color=#282828
size=2>(rs,-3<FONT color=#282828
size=2>),colorGreen<FONT
face=Arial>,<FONT color=#000000
size=2>colorRed<FONT
face=Arial>)));
AddColumn(<FONT color=#0000ff
size=2>Ref(rs,-<FONT color=#ff00ff
size=2>3),"3
days ago",<FONT color=#ff00ff
size=2>1.2,<FONT color=#0000ff
size=2>IIf(RS==<FONT color=#ff00ff
size=2>0,<FONT color=#000000
size=2>colorBlue<FONT color=#282828
size=2>,IIf<FONT color=#282828
size=2>(Ref<FONT color=#282828
size=2>(rs,-3<FONT color=#282828
size=2>)>=Ref<FONT color=#282828
size=2>(rs,-4<FONT color=#282828
size=2>),colorGreen<FONT
face=Arial>,<FONT color=#000000
size=2>colorRed<FONT
face=Arial>)));
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: Anthony Faragasso
[mailto:ajf1111@xxxxxxxx]Sent: Tuesday, March 18, 2003 2:40
PMTo: amibroker@xxxxxxxxxxxxxxxSubject: Re: [amibroker]
Re: RSIHello,Comparative Relative Strength can
be useful in deciding which securityto buy, by helping to pinpoint the best
performer. They can also beuseful in developing spreads, i.e., purchase of
the best performer"long", and selling the weaker issues
"short."Steve, if you load the following into AA , select the ndx100
andcomponets , n last quotation and n=1,click explore...the results
arequite different....also, the RS% value is comparing the ticker to
the INDEX, your value issimply a ROC of the Ticker
itself.Anthonysteve_almond wrote:>
Anthony,>> This works perfectly, as usual. Question is, does this
gain anything> over a simple (ROC?) ranking using something
like:>> rs=(C-Ref(C,-250))/Ref(C,-250);> Filter=1;>
AddColumn(rs,"rs",1.2);>> If I rank all the stocks in the ^NDX
using the two methods, the> results are VERY similar (but not EXACTLY the
same).>> Steve>>>>> --- In
amibroker@xxxxxxxxxxxxxxx, "Anthony Faragasso" <ajf1111@xxxx>>
wrote:> > Alan,> >> > Here is what I use:>
>> > //Relative Comparison %> > period = 250;//Period of
relative Comparison> > BaseMarket="^ndx";//select Base market>
> x = Foreign(BaseMarket,"C") - Ref(Foreign(BaseMarket,"C"),-period);>
> x = (x / Ref(Foreign(BaseMarket,"C"),-period)) * 100;> > y = C -
Ref(C,-period);> > y = ( y / Ref(C,-period)) * 100;> > rs =
y - x;> > Filter=1;> > AddColumn(RS,"RS_%",1.2);>
> Anthony> >> > -------Original Message------->
>> > From: amibroker@xxxxxxxxxxxxxxx> > Date: Friday,
March 14, 2003 12:50:55> > To: amibroker@xxxxxxxxxxxxxxx> >
Subject: [amibroker] RSI> >> > Has anybody developed a
formula that calculates and shows the RS of> a> > certain stock
compare to list of stocks (such as N100). Something> > similar to RS
in Investor Business Daily.> >> > Alan> >>
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