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PureBytes Links
Trading Reference Links
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Werner - here's a momentum scoring routine based (probably) on the
Columbine white paper stored in the files area. Also it's a
factor
that's similar to one used by QP3 and IBD.
//////////////////////////////////////////////////////////////////////////////////////////////////
function QRS(Q1Weight, Q2Weight,
Q3Weight, Q4Weight, ExploreFlag)
{
//Define Constants
ShowExplore = 1;
QRSRAW = ( (C / Ref(C,-62)) *
Q1Weight) +
( ( Ref(C,-63) /
Ref(C,-125)) * Q2Weight ) +
( ( Ref(C,-126) /
Ref(C,-188)) * Q3Weight) +
( ( Ref(C,-189) /
Ref(C,-251)) * Q4Weight );
Result = QRSRaw;
//========================= Explore Code
============================
if (ExploreFlag
== ShowExplore)
{
Filter = 1;
AddColumn(C,
"C",5.2);
AddColumn(Result,"Position Score:
QRS",5.2);
}
//------------------------------------ End
of Explore Code ------------------------------------
return
Result;
}
//////////////////////////////////////////////////////////////////////////////////////////////////////////////////
Also TJ has an example in the help area for scoring based on RSI
as an indicator
of being a beaten down stock. Search for PositionScore and
you'll see the example
below.
EnableRotationalTrading();
SetOption("WorstRankHeld",5);
PositionSize = -25; //
invest 25% of equity in single security
PositionScore = 50 - RSI(); //
PositionScore has
the same meaning as rScore in PT
//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
Hope this helps
JOE ----- Original Message -----
Sent: Wednesday, January 04, 2006 9:15
AM
Subject: [amibroker] Positionscore
Hi there,
I have a question
concerning POSITIONSCORE.
I am selecting 10 stocks according to some
BUY rules from a watchlist
and prefer higher priced
stocks:
SetOption ("MaxOpenPositions", 10);
Positionscore =
C;
I noticed that the HIGHEST stock in the list is not giving
good
results on average.
I would like to trade 10 stocks, BUT skip
the highest priced stock.
POSITIONSCORE will always select the 10 highest
priced stocks,
INCLUDING the highest. How can I tell AB to EXCLUDE the
highest priced
stock ??
It means, always trading 10 stocks
(POSITIONSCORE will select those),
but excluding the highest priced
stock.
Thanks,
Werner
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