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This post is my attempt to contribute
something that may help the new users of Amibroker, This is the only
way that I can think of to say thanks for the numerous instances of
assistance that I have received from this Amibroker user group . I
mention new users, because there is no way that anything I have
to say would be of interest to the geniuses, and near geniuses that contribute
to this group. I have always liked RSI, but since I started
trying to use Amibroker, I have actually fallen in love with RSI, and volume. I
also like flat bases when they form in volatile
stocks
I have been evaluating various
indicators in Amibroker help, and in the Amibroker
Library. I have visually tested indicators that analyze RSI
and volume. I have concluded that <FONT
face=Arial color=#000000 size=3> the various forms of volume and RSI
indicators which also include 9 or 10 day EMA's are good
indicators (possibly among the best) to use for the purposes of
deciding when to exit a position, and when to stay with a position. I
encourage the new users to study the crossovers in the attached chart of
ABY. This was a randomly selected symbol. I especially encourage
the experienced users of Amibroker to critique these observations of
mine, and explain any shortcomings in my conclusions. The
rest of this post is a question to the experienced users of Amibroker. I
would really appreciate instructions on what I need to do in order to run
this exploration (PASTED BELOW) on Yahoo EOD data. Yahoo EOD is the
only data that I currently use in Amibroker. This Exploration
assumes that you have TC 2000 data, and I do not have it.
Ron D.
//############ Relative Strength ##########
Filter = 1;
RS10 = ROC(<FONT
color=#0000ff size=1>RelStrength(<FONT color=#ff00ff
size=1>"GSPC",<FONT color=#ff00ff
size=1>1),10<FONT
size=1>,False); //10 day
RS
RS21 = ROC(<FONT
color=#0000ff size=1>RelStrength(<FONT color=#ff00ff
size=1>"GSPC",<FONT color=#ff00ff
size=1>1),21<FONT
size=1>,False); //1 month
RS
RS63 = ROC(<FONT
color=#0000ff size=1>RelStrength(<FONT color=#ff00ff
size=1>"GSPC",<FONT color=#ff00ff
size=1>1),63<FONT
size=1>,False); //3 month
RS
RS126 = ROC<FONT
size=1>(RelStrength<FONT
size=1>("GSPC"<FONT
size=1>,1),<FONT
color=#ff00ff size=1>126,False); <FONT
color=#008000 size=1>//6 month RS<FONT
color=#0000ff size=1>
AddColumn(RS10," 10 Day
RS",1.2<FONT
size=1>);
AddColumn(RS20," 1
Month RS",1.2<FONT
size=1>);
AddColumn(RS60," 3
Month RS",1.2<FONT
size=1>);
AddColumn(RS120," 6
Month RS",1.2<FONT
size=1>);
//########## NOTES ##########<FONT
color=#008000 size=1>
// USAGE
//Run in Exploration<FONT color=#008000
size=1>
//Apply to > various
//All Stocks for Media General
Industries
//Range > last day of database
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Attachment:
RSI type indicators.JPG
Attachment:
Description: "Description: JPEG image"
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