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PureBytes Links
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Thanks Ace, Harvey & Jason,
I will study the code...
Cheers,
Gary
--- In amibroker@xxxxxxxxxxxxxxx, "acesheet" <acesheet@xxxx> wrote:
> 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,
> > Gary
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