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Dan,
For what I would consider the best option for Sector and Industry analysis, you might want to check out www.highgrowthstock.com. This software has their own sector and industry classification which I think is better than IBD or you can create your own structure on an equal, price or cap weighted basis. Best of all you can import the data into AB and test it as can create historical data streams of your custom groups. Both AB & HGS use QP data so it is almost seemless.
Regards,
Duke Jones, CMT
-------Original Message-------
> From: "Dan Clark" <dan_public@xxxxxxxxxxx>
> Subject: RE: [amibroker] TC2005 & Amibroker
> Sent: 21 Jun 2005 14:39:55
>
> Joe,
>
> Actually, to be quite specific…
>
> A major advantage of TC2005 is its Sectorsand Industries. Worden maintains both the Sector/Industry groupings andsymbols for each Sector and Industry. I believe this to be one of theirstrongest benefits.
>
> After I imported the TC Industries andSectors, I set up each Industry with the TC symbol for that industry (Symbols à Categories à Industries). Since each Stock symbol is mapped to an industry, the Industry symbol canbe used for relative strength analysis in Charts and Scans. The AFL forRelative Strength to Industry is:
>
> RelStrengthSymbolToIndustry = RelStrength(GetBaseIndex());
>
> Regarding Sectors, I chart all of the TCSectors in 6 panes on two charts as a set of lines. It makes it easier toanalyze them.
>
> Like Patrick, I'd like to see Wordenpublish only the data, expose more of their attributes in their API (currentlyonly Money Stream and BOP), and provide full access to intraday data in theirAPI.
>
> Unfortunately, Worden tends to be a bit "idiosyncratic". Instead of focusing on their strengths, they spent massive amounts of time andenergy with a stand-alone tool call Worden Studio which doesn't integratewith TC and is very poor compared to competitive products (like StockCharts). When I took them to task on the issue, they condescendingly pointed out that Ijust didn't know how to use the tool. (Not once, but severaltimes.) So, I wrote them off as non-communicative and not a seriousvendor of charting tools.
>
> In some respects, a similar company isIBD. AFAIK, IBD is the only other company that has strong Sectorand Industry groupings with some charting and scanning at the Industry and Stocklevel. And, their analysis is pretty good. That'sthe good news…
>
> The bad news is that IBD is a serious hassleto deal with. They are very expensive, their charting tools and scanning arevery poor and they do not expose their data through an API. Theonly way to export some of the data is using a manual export process. They're still working in the dark ages of stock analysis - lots ofmarketing with modest content, packaged in a proprietary interface.
>
> Hopefully, Worden and IBD will get theiract together and start meeting customers' needs instead of using a "marketingby navel gazing" strategy. Like many companies, theyhave some good product features to offer, but leave lots money on the tablebecause of their inability to package and market them effectively.
>
> Regards,
>
> Dan.
>
> -------------------------
>
> FROM: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] ON BEHALF OF Joe Landry
> SENT: Tuesday, June 21, 2005 5:41AM
> TO: amibroker@xxxxxxxxxxxxxxx
> SUBJECT: Re: [amibroker] TC2005& Amibroker
>
> Patrick and Dan - I stand corrected andappreciate the very thorough analysis and discourse on your
>
> parrt - an excellent use of theforum.
>
> Correctly I should have said -TC2000for simple and quick scans, reliable data feed but weak mutual funddata and market breadth.
>
> QP3 has both and a great depth ofwhat I'm calling market internals or breadth data for all US markets.,advance/declines, high/lows, up /down volumes.
>
> For other indices like R2000, Ihave to develop and run daily as composites.
>
> However I should ask, how do you geta comparable organization of industry groups in AB if you
>
> don't have TC2000 as your data feed?
>
> On the plus side for AB don't forget thebacktesting and optimization with native AB optimization
>
> or with the optimizer called IO byFred Tonetti.
>
> Best regards
>
> JOE
>
> ----- Original Message -----
>
> FROM: TA 4 Charts
>
> TO: amibroker@xxxxxxxxxxxxxxx
>
> SENT: Monday, June 20,2005 10:49 PM
>
> SUBJECT: Re: [amibroker]TC2005 & Amibroker
>
> 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 outputbased on it. In TC2005, it's
> about 32+ operations of code to produce anATR(10). Then there's ADX (not
> available for scans, just sorting on their staticindicator), and CCI,
> forget it, etc. I too do some stuff like Dandiscribes, but only in AB as
> TC2005 won't support it. If any further plugfor AB is needed, I'll note
> that one can automate the output from theexploration or scan to a watchlist
> as part of the code.
>
> So for research, sophisticated scans and ease ofuse (once you learnit), AB
> is a no brainer. Too bad one can't just buyTC2005 data at a discount
> without the charts, etc., as it generally is gooddata (a few minor
> exceptions of course). Still it's not thatexpensive -- 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, Isaw 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 BASICscans and filters. Very
> basic!
>
> But the problem with TC is that you quickly runinto a wall.
>
> For example, using Linear Regression lines, Iperform 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 manuallyexcluded symbols, and
> 6) the symbol is NOT already in a target shortlist
> 7) the symbol is NOT already in a target longlist.
>
> 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 sophisticatedscanning is NOT one of them.
>
> As you probably already figured out, I use TC fordata 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 acustom 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, preliminaryscans, and
> industry groups. Now I'm using
> QP3, quotes plus 3 for mutual funds and stocks forless than TC2000, but I
> don't get intraday delayed quotes
> on stocks. I do get realtime data from mybroker 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 bothTC2005 and Amibroker. I
> currently use TC2005 and am on the trial month forAmibroker. I'm
> very impressed with Amibroker and wonder whatthose of you who use
> both do in TC2005 that you can't do inAmibroker. Or is TC2005 just
> for the data? I haven't worked with AFL much but Iassume that it is
> capable of performing any scans that I can do withTC2005. Is this
> not the case?
> I'm on a tight budget and can probably only affordone of these
> programs right now.
>
> Thanks for replies.
>
> Please note that this group is for discussionbetween users only.
>
> To get support from AmiBroker please send ane-mail directly to
> SUPPORT {at} amibroker.com
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
> Please note that this group is for discussionbetween users only.
>
> To get support from AmiBroker please send ane-mail directly to
> SUPPORT {at} amibroker.com
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
> Please note that this group is for discussionbetween users only.
>
> To get support from AmiBroker please send ane-mail directly to
> SUPPORT {at} amibroker.com
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
> Yahoo! Groups Links
>
> To visit your group on the web, go to:
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>
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>
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>
> Please notethat this group is for discussion between users only.
>
> To get support from AmiBroker please send ane-mail directly to
> SUPPORT {at} amibroker.com
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
> Please notethat this group is for discussion between users only.
>
> To get support from AmiBroker please send ane-mail directly to
> SUPPORT {at} amibroker.com
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
> 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:
> http://www.amibroker.com/support.html
>
> -------------------------
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>
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-------Original Message-------
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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