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Ace - I subscribe to the forum digest so I don't get any
attachments, and I'm wondering if you could forward the AFL code to
me directly?
The folks over in the TC2000 area have a way of calculating what
they say is IBD relative strength number and as soon as I find it
and the underlying rationale I'll post it here.
Thanks
JOE
--- In amibroker@xxxxxxxxxxxxxxx, "gary_tiger2001"
<gary_tiger2001@xxxx> wrote:
> 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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