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hi kris, bundy
never take anything for granted.. :-))
You have requested /listarchive.html),.
This page does not exist on our server (Error #404).
best regards
enzo
--- In amibroker@xxxxxxxxxxxxxxx, "john gibb" <jgibb1@xxxx> wrote:
> Hi Kris,
>
> If you look up RelStrength in the CHM
> archives(http://www.amibroker.com/listarchive.html), I think you
will find
> your answer; one excerpt, from Tomasz:
>
> <clip>
> 1. Yes you can, but please remember about two things:
> a) RelStrength() function needs an index ticker to compare to,
for example
> "XAO" (ASE all ordinaries index)
> b) RelStrength() values are not normalized, so they are
different for each
> stock. This means that you can only get resonable results if you
check for
> rising/falling RelStrength or if you detect a new high or new low.
Absolute
> levels (such as 1) do not work.
>
> 2. Use graph1 = RelStrength( "XAO" ); to generate relative
strength of
> currently selected stock compared to the index.
>
> 3. Comparative Relative Strength is calculated by simply DIVIDING
the
> closing price of currently selected stock by the closing price of
BASE stock
> (usually an index):
>
> RELSTRENGTH = CLOSE / CLOSE_OF_BASE_STOCK;
> <clip>
>
> HTH,
>
> -john
> ----- Original Message -----
> From: "kris45mar" <kris45mar@xxxx>
> To: <amibroker@xxxxxxxxxxxxxxx>
> Sent: Saturday, September 04, 2004 9:35 AM
> Subject: [amibroker] Relative Strength Comparitive and ROC (newbie)
>
>
> Hi All
>
>
> Help me out here guys.
>
>
>
> I am trying real hard to understand what we are doing here.
>
> I want to create searches based on Relative Strength comparison,
to look for
> strong sectors and then strong stocks in those sectors.
>
>
>
> There are a number of codes out there in the forum but I am trying
to get a
> grip on exactly what is that the inbuilt Relstrength function does.
>
>
>
> I want to know the Relative Strength comparison of a stock eg BHP
versus an
> index eg XAO, over a time period of 250 days.
>
>
>
> Rate of change of BHP :
>
> In English : the percentage change of the price of BHP from
a time 250
> days ago.
> Mathematically = 100 * (today's close - close of 250 days
ago)/ close
> of 250 days ago.
>
> In Amibroker: ROC(BHP) = 100 * ((C – Ref(C, -250)) / Ref(C, -
250));
>
>
>
> Rate of change of XAO :
>
> In English: the percentage change of the value of XAO from a
time 250
> days ago.
>
> Mathematically = 100 * (today's value – value of 250 days
ago) / value
> of 250 days ago.
>
> In Amibroker : ROC(XAO) =
>
>
>
> Now that I have the Rate of Change of each, is the Relative
Strength
> Comparison the difference between these two:
>
>
>
> Relstrength = ROC(BHP) – ROC (XAO)
>
>
>
> or the one divided by the other:
>
>
>
> Relstrength = ROC(BHP) / ROC(XAO) ?
>
>
>
> I am asking this because I have found this formula on the internet
to use in
> the Automatic Analyser as an Exploration:
>
>
>
> //relative strength comparison run against XAO or relevant sector.
>
>
>
> rsc = ROC(EMA(RelStrength("XAO"), 150), 25);
>
>
>
> Filter = rsc > 0;
>
>
>
> AddColumn(rsc, "RSC");
>
>
>
> In english I think this formula says the 25 period rate of change
of the 150
> period exponential moving average of the relative strength
comparison. Is
> this correct or there some redundancy in this formula?
>
>
>
> To understand this I need to know exactly what it is that
Amibroker's
> Relstrength function is calculating: any help in plain "Newbie
english"
> would really be greatly appreciated.
>
>
>
> regards
>
>
>
> chrisb
>
>
>
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>
>
>
> Check AmiBroker web page at:
> http://www.amibroker.com/
>
> Check group FAQ at:
> http://groups.yahoo.com/group/amibroker/files/groupfaq.html
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