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Hi all,
I have to agree with Dan -- TC2005 is ok for data, and perhaps some very
simple fast sorts.
I use ATR as an indicator of preference for sorting -- in AB it's built in
and I can build complex varieties of AA output based on it. In TC2005, it's
about 32+ operations of code to produce an ATR(10). Then there's ADX (not
available for scans, just sorting on their static indicator), and CCI,
forget it, etc. I too do some stuff like Dan discribes, but only in AB as
TC2005 won't support it. If any further plug for AB is needed, I'll note
that one can automate the output from the exploration or scan to a watchlist
as part of the code.
So for research, sophisticated scans and ease of use (once you learnit), AB
is a no brainer. Too bad one can't just buy TC2005 data at a discount
without the charts, etc., as it generally is good data (a few minor
exceptions of course). Still it's not that expensive -- my commissions are
an order of magnitude greater each month, sometimes two.
Peace and Justice --- Patrick
(Dan - we'll see how this post does for time, I saw your last was only about
8 min delayed)
----- Original Message -----
From: Dan Clark
To: amibroker@xxxxxxxxxxxxxxx
Sent: Monday, June 20, 2005 8:02 PM
Subject: RE: [amibroker] TC2005 & Amibroker
I have to disagree a bit with Joe.
I agree if all you want to do is perform BASIC scans and filters. Very
basic!
But the problem with TC is that you quickly run into a wall.
For example, using Linear Regression lines, I perform a scan where:
1) the stock is in a list of tradable symbol and
2) the long term trend of a symbol is up, and
3) the short term trend is down, and
4) the short term trend of Twiggs Money Flow is up (divergence), and
5) the symbol is NOT in a list of manually excluded symbols, and
6) the symbol is NOT already in a target short list
7) the symbol is NOT already in a target long list.
I tried this in TC.
Number 1 is easy.
Numbers 2, 3 and 4 (using Money Stream instead) are a 19 step manual
process!!!
Numbers 5, 6 and 7 are NOT possible!!!
TC has its benefits. But sophisticated scanning is NOT one of them.
As you probably already figured out, I use TC for data only.
Regards,
Dan.
From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf
Of Joe Landry
Sent: Monday, June 20, 2005 4:59 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: Re: [amibroker] TC2005 & Amibroker
If all you want to do is scans/filters then TC2005 will be all you need.
However if you ever want to backtest or use a custom indicator that the
Worden brothers didn't include in their
package then you're out of luck.
When I subscribed to TC2000 it was for the data, preliminary scans, and
industry groups. Now I'm using
QP3, quotes plus 3 for mutual funds and stocks for less than TC2000, but I
don't get intraday delayed quotes
on stocks. I do get realtime data from my broker but I can't run the signal
routines that will tell me if a signal will
trip before the close.
Best regards
JOE
----- Original Message -----
From: skilletlicqor
To: amibroker@xxxxxxxxxxxxxxx
Sent: Monday, June 20, 2005 6:42 PM
Subject: [amibroker] TC2005 & Amibroker
I notice there are a number of users of both TC2005 and Amibroker. I
currently use TC2005 and am on the trial month for Amibroker. I'm
very impressed with Amibroker and wonder what those of you who use
both do in TC2005 that you can't do in Amibroker. Or is TC2005 just
for the data? I haven't worked with AFL much but I assume that it is
capable of performing any scans that I can do with TC2005. Is this
not the case?
I'm on a tight budget and can probably only afford one of these
programs right now.
Thanks for replies.
Please note that this group is for discussion between users only.
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Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For other support material please check also:
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Please note that this group is for discussion between users only.
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