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Hello there,
I am trying to analyse sectors with respect to market breadth. I
created the relevnat base composites to store info such as advancing
issues, etc and stored these composites in group 50. I then proceeded
to calculate market thrust for each sector based on info in these
composites and finally rank them by comparing the market thrust of
each sector with the other sectors. However the code I have written
does not work as intended. The rank is not what I expected and the
problem seems to be that for some reason the code does not enable
comparison of the market thrust resulting in var1 = var 2 and
therefore rank remaining at 1.
I append the code below and would appreciate any help I can get on
the matter. Thank you.
Filter=GroupID()==50;
groupnumber=50;
group=CategoryGetSymbols(categoryGroup,groupnumber);
for (i=0;(sym=StrExtract(group,i)) !="";i++)
{
stringlength=StrLen(sym);
requiredstring=StrRight(sym,stringlength-3);
VarSet("advancingissues"+requiredstring,C);
VarSet("decliningissues"+requiredstring,O);
VarSet("advancingvolume"+requiredstring,H);
VarSet("declingvolume"+requiredstring,L);
ad=C;
De=O;
advol=H;
dvol=L;
Marketthrust = (ad*advol-de*dvol)/1000000;
VarSet("marketthrust"+requiredstring,Marketthrust);
slope=LinRegSlope(Marketthrust,5);
VarSet("slopeof marketthrust"+requiredstring, slope);
}
AddColumn(C,"advancing issues");
AddColumn(Marketthrust,"MT");
AddColumn(slope,"SlopeofMt");
groupnumber=50;
group=CategoryGetSymbols(categoryGroup,groupnumber);
BreakLoop = False;
for( k = 0; NOT(BreakLoop) &&( ticker = StrExtract( group, k ) ) !
= ""; k++ )
{
if(Name()==ticker)
Breakloop=True;
stringlength=StrLen(ticker);
requiredstring=StrRight(ticker,stringlength-3);
Var1=VarGet("marketthrust"+ requiredstring);
Rank=1;
for (j=0;(sym1=StrExtract(group,j)) !="";j++)
{
stringlength1=StrLen(sym1);
requiredstring1=StrRight
(sym1,stringlength1-3);
Var2=VarGet("marketthrust" +
requiredstring1);
Rank= Rank + IIf(Var1<Var2,1,0);
}
VarSet("Rank"+requiredstring,Rank);
}
AddColumn(Count,"count");
AddTextColumn(Name(), "name");
AddColumn(VarGet("Rank"+requiredstring),"Rank");
AddColumn(Var1,"var1");
AddColumn(Var2,"var2");
AddColumn(stringlength,"strg1");
AddColumn(stringlength1,"strg2");
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