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Regards,
Jayson
-----Original Message-----
From: Jayson [mailto:jcasavant@xxxxxxxxxxx]
Sent: Wednesday, September 24, 2003 12:43 PM
To: Yuki Taga
Subject: RE: [amibroker] Sector and industry analysis
And a visual representation of the Sectors RSI with the stocks RSI. Again
look for divergences where the sector says one thing and stock fails to
agree....
Regards,
Jayson
symbol="~i"+SectorID(1);
sy=Wilders(RSIa((Foreign(symbol,"C")/Foreign(symbol,"V")),14),2);
Plot(sy,"",ParamColor("Sector Color",5),1);
pds=Param("RSI Periods",14,5,20);
Plot(RSI(pds),"",8);
stock=LinRegSlope(RSI(pds),pds);
istock=LinRegSlope(sy,pds);
GraphXSpace=10;
Plot(Trix(9)-MA(Trix(9),9),"Trix",IIf(Trix(9)-MA(Trix(9),9)>0,colorLightGrey
,colorRed),2|styleOwnScale);
Title=WriteIf(stock>0 AND istock<0,"Stock and Index Divergence (Stock
Rising)","")+ WriteIf(istock>0 AND stock<0,"Stock and Index Divergence
(Index Rising)","")+ "\n RSI of "+ symbol+ " Sector"+ EncodeColor(5)+ "\n
Sector" +WriteVal(sy)+EncodeColor(8)+"\n Stock RSI"
+WriteVal(RSI(pds))+EncodeColor(colorWhite)+" Rel strength Comp "+
WriteVal( LinRegSlope(RelStrength(symbol),10));
-----Original Message-----
From: Yuki Taga [mailto:yukitaga@xxxxxxxxxxxxx]
Sent: Wednesday, September 24, 2003 4:48 AM
To: Jayson
Subject: Re: [amibroker] Sector and industry analysis
Hi Jayson,
Tutorial . . . please!!!! Tutorial!!!
Yuki
Wednesday, September 24, 2003, 1:59:48 PM, you wrote:
J> A lot of my work revolves around sector rotation. My methods may
J> not be exactly what is found on the larger sites who compare all
J> stocks in a given sector. Instead I filter my Universe of stocks
J> to around 700 based on min price, volume and institutional
J> ownership. I then create sector indexes with addtocomposite. From
J> there I compare the relative strength of each sector against the
J> universe and measure it using linregslope to watch for strength or
J> weakness on a daily basis. FWIW here are my findings (short term,
J> 7 days) as of the close of business today. The graphic shows the
J> current position of each sector as well as its history for the
J> last 9 days. The trend of each sector can be very telling. Notice
J> that while Internet has been out performing the Universe for 17
J> days that it is showing signs of weakness the last 3. This type of
J> behavior is a red flag for me that would encourage me to tighten
J> stops in long positions and perhaps look for bearish patterns for
J> Shorting opportunities.
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