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Here's some code fragments from my collection. I've used the RSQP
momentum equation as a ranking number generator, and have used it on
family(watchlist) averages. It's a weighted rate of change equation.
The use of the .001 in the denominators make it seem esoteric but
that is to avoid dividing by zero and I should have replaced it with
the NZ function I have a technique where you can use the OPTIMIZE
(read curve fit since it has 4 coefficients) for any equity but
I think you should use coefficients that are based on the families
performance. Haven't used any of the other IBD like criteria. Which
one of those European mathematicians said if you give me one
coefficient I have a point, 2 a straight line and with 5
coefficients I can draw any shape? (;>! Hope I didn't mangle this
one too badly.
By the way a search in the AB archives for notes from Chuck about
the Columbine methods and documents available will make an
interesting reading for you in this momentum equation area. You
probably get a lot more from Columbine for 100K per year than a list
of 1500 stocks ranked by momentum but this was good background for
me.
Best regards
Joe Landry
--IBD RS Screens.afl
/// SCANS FROM TC 2000 forumlas
// IBD Positive Gainers
Filter = (Volume/(MA(V,50)+1)-1)*100>39 AND C-Ref(C,-1)>.5 AND MA
(V,50)> 70000 AND C>5;
VolFac = (Volume/(MA(V,50)+1)-1)*100;
// Quotes Plus Relative Strength (IBD like)
RSQP = (.04*Close/(.001+Ref(C,-62))+ .02*Ref(C,-63)/(.001+Ref(C,-
125))+ .02*Ref(C,-126)/(.001+Ref(C,-188)) + .02*Ref(C,-189)/(.001+Ref
(C,-251)))*100;
// Hi Flyers - no frills version
HighFlyers = ((Close -Ref(C,-250))/(Ref(C,-250)+.001) + (Close - Ref
(C,-63))/(Ref(C,-63)+.001)+ (Close - Ref(C,-21))/(Ref(C,-21)+.001))
*100;
AddColumn(C,"Close");
AddColumn(VolFac,"% Vol Delta");
AddColumn(RSQP,"RelStr");
AddColumn(HighFlyers,"High Fly");
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