|
PureBytes Links
Trading Reference Links
|
I usually don't post messages here. I am currently trying out AmiBroker 4.4, satisifed with the features and planning to buy AmiBroker 4.50.
I am little surprised seeing this Ranking Study thread and confused. What is the use of finding top 5 RSI stocks? RSI as a indicator helps us to find out whether the stock is in overbought or oversold condition. If we are buying top 5 overbought stocks then the risk is very high because all those stocks may be well beyond their proper base and due for correction. Could somebody please clarify the idea behind this scan?
PushparajDIMITRIS TSOKAKIS <TSOKAKIS@xxxxxxxxx> wrote:
Eric,here is another approach for the top5 RSI of a database:function naming( listnum,ORdNo ){list = GetCategorySymbols( categoryGroup, listnum );for( i = 0; ( sym = StrExtract( list, i ) ) != ""; i++ ){if(i==ORdno){n1=sym;}}return n1 ; } function select( listnum ){list = GetCategorySymbols( categoryGroup, listnum );Rank = 0; for( i = 0; ( sym = StrExtract( list, i ) ) != ""; i++ ){SetForeign(SYM,True,True);E1=RSI(); f=LastValue(E1);Rank[BarCount-1-i] = f[i];}return Rank ; }No=254;// replace 254 with your GroupNoR= Select(No);H0=Select(No);G=0;Plot(H0,"",2,2);G0=0;L1=LastValue(Cum(1));N=101;// the population of group254TOP=5;Counter=0;Title="Top"+WriteVal(top,1.0)+"
RSI()"+"\n";for(K=1;K<=TOP;K++){H1=LastValue(HHV(H0,n));BAR1=LastValue((ValueWhen(H0==H1,Cum(1)-1)));H0[BAR1]=-100000;Counter=Counter+1;G0[L1-CountER]=-H1;shape=33+2*((Counter-1)%10);PlotShapes((Cum(1)==bar1+1)*shape,Counter,0,Graph0,5);Title=Title+WriteVal(Counter,1.0)+")"+WriteVal(H1)+ " ["+WriteVal(L1-bar1-1,1.0)+"-"+naming(254,L1-bar1-1)+"]"+ "\n";}Plot((Cum(1)>L1-N)*R,"",(H0==-100000)*6+4,2);Plot(0,"",1,1);I hope it is useful.Dimitris TsokakisGraphXSpace=3;> > --- In amibroker@xxxxxxxxxxxxxxx, "ericleake" <eleake@xxxx> wrote:> > > Making my first attempt at a very simple Relative Strength scan. > > > Using the ROC function, I'm able to create a RS number. I'm also > > > able to code a simple moving average qualifier for a buy signal, > > as > > > well as an exit. > > > > > > What
approach should I use then to rank the securities by their > > new > > > RS number, and buy say the top 5? Would the new Percentile > > function > > > be the way to handle this? Here is what I have so far:> > > > > > Filter = GroupID() == 0;> > > > > > RS = ROC(Close, 120);> > > Avg = EMA(Close, 28);> > > > > > Exit = Close < Avg;> > > > > > > > > > > > NumColumns = 3;> > > Column0Name = "RS Index";> > > Column0 = RS;> > > > > > Any help would be appreciated!> > > > > > -Eric.Send BUG REPORTS to bugs@xxxxxxxxxxxxxSend SUGGESTIONS to suggest@xxxxxxxxxxxxx-----------------------------------------Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx (Web page: http://groups.yahoo.com/group/amiquote/messages/)--------------------------------------------Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Do you Yahoo!?
Free Pop-Up Blocker - Get it now
Yahoo! Groups Sponsor
ADVERTISEMENT
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|