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Yes, I think I will make use of the watchlists to cover the third
level that AB does not support; however I think I will use the
watchlists to hold only the nine symbols representing each of the nine
sectors defined by Hemscott. This way there is less to manage in the
watchlists.
Hemscott has Sector --> Industry --> Group
AmiBroker only supports Sector --> Industry
I will map the Hemscott Industries to Sectors in AB and the Hemscott
Groups to Industries in AB. This will take some work to set up but I
think it will work. For, the Hemscott sectors, I will hold these nine
symbols in Watchlists.
I have included links to three screenshots that correspond to the
Basic Materials sector. As you can see, all three levels provide
volume data. For me, this alone is worth going to the trouble of
restructuring my AB database. I can take care of associating the
Sector symbol that is in my Watchlist with the correct Industry/Group
in my AFL formulas.
http://www.webcando.com/demos/!HM1_Basic_Materials_Sector.jpg
http://www.webcando.com/demos/!HM11_Chemicals_Industry.jpg
http://www.webcando.com/demos/!HM111_Synthetics_Group.jpg
Thanks for your feedback.
Best regards,
Tom
--- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@xxx> wrote:
>
> > Pity I can't see what you are getting from QP.
> > Are you getting all layers ?
>
> As I understand it you can see Sector --> Industry --> Sub-Industry,
> + vols for each, at QP but AB leaves the SubIndustry classification
> behind.
>
> IMO export to MS is not so nice ... very distracting to trading to be
> manually moving stuff around on a daily basis..... also QP do some
> work to delete old symbols,or whatever, so best to leave it to them.
>
> I would use QP plugin and just manually enter WL's to AB for the sub-
> Industry groupings ... you would then only need to maintain your WL's
> yourself.
>
> Thanks for letting me know that H has volumes for all levels ... a
> handy piece of info that I didn't have.
>
> brian_z
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@> wrote:
> >
> > > I am looking to use the Hemscott structure because it provides
> > > volume for each of the sector and industry index symbols as well
> as
> > > the sub-industry index symbols. Volume is critical to my analysis
> > >in AB.
> >
> > Pity I can't see what you are getting from QP.
> >
> > Are you getting all layers ?
> >
> > > I can export the structure from the QuotesPlus charting
> programming
> > > and save it in Metastock format. I think I can then import the
> > > Metastock format into AB.
> >
> > AFAIK you can read the Metastock format seamlessly, using the MS
> > plugin, but it doesn't recognise the structure ... you can only
> > structure AB via the methods discussed in the help manual/UKB i.e.
> > manually setting categories etc.
> >
> > > A significant difference is the Hemscott structure is three layers
> > > deep Sector --> Industry --> Sub-Industry --> stock
> > > AB databse does not support three levels of definition.
> > > I will have to think of a way around this, but I'm sure I can
> come
> > >up
> > > with something that will work for me.
> >
> >
> > There is no nice way, that I know of, to manage mutiple sector
> > industry layers in AB.
> > Some of us are scratching our heads about that one.
> >
> > All of the classification systems use multi-layers ... S&P have had
> > them since 1999.
> >
> > The only way I can think of is to use the categories that are there
> > in a non-traditional way .... categorise the third level (sub-
> > industry) of the structure by using Watchlists..... at least there
> > are plenty of WL's available .... the newer WL structure does allow
> > for a significant break at WL > no 64 .... if I went down that path
> I
> > would think about putting them there and keeping the first 64 WL/s
> > for other uses.
> >
> > The ODBC plugin is another round about possibility ... perhaps AB
> > support can advice if it is capable of tagging a stock with 3 or
> more
> > category identifiers (database fields) that you could then
> > reference ... it might slow you down on large stock lists though.
> >
> > brian_z
> >
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "trb0428" <tombrowne34@> wrote:
> > >
> > > I am looking to use the Hemscott structure because it provides
> > > volume for each of the sector and industry index symbols as well
> as
> > > the sub-industry index symbols. Volume is critical to my analysis
> > in AB.
> > >
> > > I can export the structure from the QuotesPlus charting
> programming
> > > and save it in Metastock format. I think I can then import the
> > > Metastock format into AB.
> > >
> > > A significant difference is the Hemscott structure is three layers
> > > deep Sector --> Industry --> Sub-Industry --> stock
> > > AB databse does not support three levels of definition.
> > > I will have to think of a way around this, but I'm sure I can
> come
> > up
> > > with something that will work for me.
> > >
> > > Your information in the KB is very useful. Thank you for
> providing
> > it.
> > >
> > > best regards,
> > > Tom
> > >
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@>
> wrote:
> > > >
> > > > I know a little bit about Hemscotts strucure.
> > > >
> > > > I don't use QP so I can't help you directly..... of you want to
> > copy
> > > > the structure directly you need to know if it is saved locally
> > i.e.
> > > > in AB Workspace etc.
> > > >
> > > > You then have a few choices:
> > > >
> > > > - save copy of database & delete what you don't want
> > > > - copy/paste key files to duplicate database structure without
> > data
> > > > - export symbol lists manually then reimport to a new database
> > > >
> > > >
> > > > BUT!
> > > >
> > > > You can start from scratch and make your own H structure
> database
> > (it
> > > > is incredible fun, trust me).
> > > >
> > > > It would help if you could be specific about what you want to
> do.
> > > >
> > > > To help you decide:
> > > >
> > > > - Hemscott is a UK company
> > > > - it doesn't make a lot of sense to use H if you are not going
> to
> > use
> > > > QP
> > > > - Hemscott have their own structure (similar to ICB)
> > > > - it is more fine grained than S&P (most of the sector trading
> in
> > the
> > > > US goes on in the S&P ETF's)
> > > > - H has gained some favour in the US (don't know why they have
> > > > forgiven the Pommies, for the Boston Tea Party stuff, so
> easily).
> > > > - H is used at YahooUSA
> > > >
> > > > http://biz.yahoo.com/ic/ind_index.html
> > > >
> > > > hunt around there and you can get 5day intraday charts for
> > industries
> > > > and component lists (html only).
> > > >
> > > > - AFAIK there is no way to trade a Hemscott sector/industry
> > (actually
> > > > there is very little difference in performance between an H
> > sector
> > > > and an ICB sector anyway ... same old companies).
> > > >
> > > > - you can get links to the H structure and H site from the UKB
> > > > (scroll down to DatabaseManagement>>Hemscott
> > > >
> > > > (I posted files at the UKB to help people use for set up the
> > > > Hstructure ... can't seem to download the XL file but ask
> Tomasz
> > > > about it if you want it).
> > > >
> > > > - You can subscribe to H site and get filtered lists for the UK
> > but
> > > > not the US
> > > >
> > > > http://www.hemscott.com/companies/company-search.do
> > > >
> > > >
> > > > I prefer use Dow ICB classification (I follow international
> > markets a
> > > > little) because while it comes second in the USA it is a more
> > > > universally used classification:
> > > >
> > > > - It is very similar to Hemscott.
> > > > - It is used mainly in Europe/UK.
> > > > - The DownIdexes site recently improved features and you can
> get
> > > > quite good file lists in CSV format from there.
> > > > - You can trade ICB sectors via futures and ETF's.
> > > > - Used by YahooUK.
> > > > - Used by STOXX.
> > > >
> > > > http://uk.biz.yahoo.com/sectors/
> > > >
> > > > http://uk.finance.yahoo.com/m9.php
> > > >
> > > > http://uk.finance.yahoo.com/m7.php
> > > >
> > > >
> > > >
> > > >
> > > > --- In amibroker@xxxxxxxxxxxxxxx, "trb0428" <tombrowne34@>
> wrote:
> > > > >
> > > > > QuotesPlus has recently added Hemscott structured data to
> their
> > data
> > > > > download.
> > > > >
> > > > > Their industry monitor index structure is automatically
> > imported and
> > > > > setup
> > > > > within the AB database providing sector/industry groupings
> > > > organized in
> > > > > a folder
> > > > > structure.
> > > > >
> > > > > Now, with the Hemscott structure available from QuotesPlus,
> is
> > > > their a
> > > > > way
> > > > > to set up the AB database to directly import this Hemscott
> > > > structure?
> > > > >
> > > > > Is anyone using this?
> > > > >
> > > > > Here is the Hemscott structure:
> > > > > http://www.webcando.com/demos/hemscott_structure.jpg
> > > > >
> > > > > Thanks,
> > > > > Tom
> > > > >
> > > >
> > >
> >
>
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