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Greg,
I'll be happy to do a comparison on just about anything that might be
comparable to IDB's RS Rank.
I assume that (Total Return 13-Week) means (Pct Price gain in
13-Weeks), and so on?
Worth noting here, that IDB's RS Rank is a score between 1 and 100
that ranks each particular stock against the whole mkt for the past year.
But for positionscore pusposes, we are not limited to a score of 1 -
100, so I can do the raw comparison of results from your formula to QRS.
I'll post back later under this same Subject.
Regards
Phsst
--- In amibroker@xxxxxxxxxxxxxxx, "Greg" <gregbean@xxxx> wrote:
> Hi Phsst.
>
> Here is a formula that I have been told closely follows that of IBD.
Could you please do the comparison you offered ?
>
> RSW = .4*(Total Return 13-Week)+.3*(Total Return 26-Week)+.3*(Total
Return 1-Year)
>
> Thanks,
> Greg
> ----- Original Message -----
> From: Phsst
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Saturday, December 13, 2003 1:26 PM
> Subject: [amibroker] Re: PositionScore Ideas
>
>
> Al,
>
> My favorite is the QP2 QRS value (GetExtraData("QRS"). The QP2 QRS
> value is supposed to be a 'knockoff' of the IBD RS ranking score.
>
> I almost always get a significant boost using this ranking figure as
> as the positionscore.
>
> If you do not have QP2, but have any ideas about how to do your own RS
> Rank calculation, I'd be happy to run some comparisons for you (or
> anyone else) to measure your calculated RS Rank against QP2's QRS
rank.
>
> Cheers,
>
> Phsst
> --- In amibroker@xxxxxxxxxxxxxxx, "Al Venosa" <advenosa@xxxx> wrote:
> > Hi, all:
> >
> > I've been experimenting with variuos short term trading systems
> lately (average trade durations of about 2.5 days), and I was looking
> for ideas on how best to rank a watchlist to get the best candidates
> for portfolio trading a basket of 4 stocks. I was wondering if anyone
> would care to share any ideas on how you use the PositionScore
> function to rank your candidate list (using regular mode, not
> rotational mode). I've tried combinations of turnover and volatility,
> but I'd like to try other ideas. I'm not asking anyone to give away
> any secrets, and, yes, I am aware of TJ's example in the help file
> (PositionScore = 100 -RSI());), but I was just looking for more ideas.
> I'm not even sure if this question is too vague or not. If it is, I'm
> sure you'll tell me. TIA.
> >
> > Al Venosa
> > advenosa@xxxx
> >
> >
> > ---
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