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PureBytes Links
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Try #55197.
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----- Original Message -----
<DIV
>From:
acesheet
To: <A
href=""
title=amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx
Sent: 02 January, 2004 9:38 AM
Subject: [amibroker] Re: How to test
IBD's idea?
Gary,There's a couple of different ways of doing
it. Some more time consuming, some less. One way is to compare the returns
using ROC to a reference index (like SP500 or Value Line for US stocks).
If a stock's performance significantly beats out the index, then its a
safe bet that it has high relative strength. I've used this concept
for back testing.Another way is to use what's called the
'Cumulative Probability' of the market returns. See post # 55179. If you
have a large enough database you should be able to get these AFL scripts
to work very well in terms of comparison with IBD's RS ranks. Currently I
only have a script that uses "today's" data however, so it won't be so
hot for backtesting. This method of ranking works very well.You
could take the idea shown in post 55179 and adapt it to collect the data
over time and create several historical ROC indices for the 10 point curve
fit. Something like ~xroc1,~xroc10...~xroc90,~xroc99. It will probably
take AB a very long time to crunch the numbers, however.Hope that
gives you some ideas.-ace--- In amibroker@xxxxxxxxxxxxxxx,
"gary_tiger2001" <gary_tiger2001@xxxx> wrote:> Happy new year
to all of you.> > I wish to test the idea from IBD, like the
relative strenghth > ranking, etc. I cannot figure out how to do it in
AB. Basically, I > have a universe of stocks. Is it possible to rank
the strength of > stocks compared to my stock universe, from 1 - 99?
> > Cheers,> GarySend BUG
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