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Phsst,
Yes I think it is (Total Return 13-Week) means
(Pct Price gain in13-Weeks). The terms are from ValueLine, I
think.
http://www.valueline.com/
IBD definition of Relative Strength:
Relative Price
Strength (RS) Rating or Relative StrengthThis IBD SmartSelect®
Corporate Rating measures each stock's price performance over the latest twelve
months compared to all other stocks. The rating scale ranges from 1 (lowest) to
99 (highest). Stocks rating below 70 indicate weaker or more laggard relative
price performance.
<A
href="">http://www.investors.com/
Greg
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Phsst
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, December 13, 2003 4:52
PM
Subject: [amibroker] Re: PositionScore
Ideas
Greg,I'll be happy to do a comparison on just about
anything that might becomparable to IDB's RS Rank.I assume that
(Total Return 13-Week) means (Pct Price gain in13-Weeks), and so
on?Worth noting here, that IDB's RS Rank is a score between 1 and
100that 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.RegardsPhsst--- 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*(TotalReturn 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 QRSrank.> >
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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