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"PHSST"!!
I meant to ask...can you express in words what you THINK the QP QST
variable is measuring. When you say it mimics the IBD RS variable, what
is that? Is it simply (nothing is simple I know) Relative Strength??
In reading this thread and thinking about some of my experiences, I have
decided that creating a "predictive" PositionScore is another attempt to
find that expression that yields movement in the future like you think
or want it to be. Expecting that PositionScore will be a single number
or variable is, unfortunately, hunting for the Holy Grail. I suspect
that powerful, profitable PositionScore statements will be composed of a
variety of components.
Ken
-----Original Message-----
From: phsst [mailto:phsst@xxxxxxxxx]
Sent: Saturday, December 13, 2003 2:54 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: PositionScore Ideas
<I've been doing that all morning, Pfsst:>
Pfsst? I don't get no respect around here! <g>
--- In amibroker@xxxxxxxxxxxxxxx, "Al Venosa" <advenosa@xxxx> wrote:
> I've been doing that all morning, Pfsst: I've looked at most of the
getextradata variables available with QP2. I have no preconceived
notions about anything other than the fact that I thought most of
those data were not updated as often as daily. I was wrong about QRS,
and thank you for clearing that up for me. I verified this by
exploring on QRS. Beta doesn't seem to get updated at all!! I explored
back until 1996, and the beta for AAPL remains the same 1.843 from Jan
1996 until today. Same for other tickers. So, beta is worthless, at
least the one QP2 gives.
>
> AV
> ----- Original Message -----
> From: Phsst
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Saturday, December 13, 2003 12:49 PM
> Subject: [amibroker] Re: PositionScore Ideas
>
>
> QRS is updated daily and goes as far back as 6/1/1995 in the QP2
database.
>
> Just a suggestion... set aside whatever preconcieved notions you may
> have about this and take the time to research it and do a little due
> diligence. You might be glad you did.
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Al Venosa" <advenosa@xxxx> wrote:
> > Thanks, Phsst. I'm a QP2 user also. But all those QP2 GetExtraData
> variables are not updated daily, so I don't think they would be
useful
> for a short-term trading system like I was talking about. Using
> PositionScore over a modest time period, you'd get the same 4 stocks
> all the time, wouldn't you, or at least until they get updated.
> Perhaps QRS gets updated weekly, so maybe that wouldn't be as bad,
but
> I think I'd like something that is more reflective of the trade
system
> duration, in other words, something that I can update daily at EOD.
> >
> >
> > ----- Original Message -----
> > From: Phsst
> > To: amibroker@xxxxxxxxxxxxxxx
> > Sent: Saturday, December 13, 2003 12:26 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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