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What I was trying to explain to you about the jumps was the math. If you
understand what I did with the math, then you understand the math. The other
thing that will also affect what a jump looks like isyour y-axis scaling.
Although over a 60 day display of data the curve may look smooth but if you
zoom in closer lets say 10 days display. More detail is shown.
As far as the second answer I was being vague since I was in a hurry.
As I am again now in a hurry. But since you have the P, then you know that P is
activated by selecting the indicator you are interested in. And then running
your exploration.
Well in your exploration you can do several things. ROC(P,2) and then select
your moving average.
Or drag and drop ROC onto your moving average ,then select the ROC before you
use your exploration.
A bit rushed but I hope you get the idea.
Harley
On Wed, 18 Jun 1997 21:54:43 -0500,
Lionel Issen wrote...
>Harley:
>
>Since the data is smoothed with a short term moving average, the effect of
>any jump in the S&P would be modified by the moving average. I took the
>comparative rel str of the S&P vs Nasdac and of the comparative rel str of
>Nasdac vs S&P, both are smooth curves. This sort of jump has occured on
>several different days with a few stocks, and only with the S&P-500. The
>comparative rel str of any stock vs Nasdac is always a smooth curve.
>
>I dont see how to use your second suggestion. V 5.11 does have the P
>function. Without it we wouldn't be able to have the comparative rel str
>template. The template apparently tags the location of the S&P and Nasdac
>indexes so that it is not necessary to have these indexes in each
>directory. I am pleased and impressed that Metastock does this. The flip
>side is that I cant seem to be able to use the comparative rel str curve as
>an indicator in an exploration.
>
>I do appreciate your effort. This is probably the first time that I have
>not been able to apply one of your suggestions. Perhaps I'm missing
>something.
>
>Warm personal regards
>
>Lionel
>
>At 07:43 PM 6/18/97, Harley Meyer wrote:
>>Answer to first question:
>>
>>The Jump can occur because both price maybe moving in opposite directions.
>>
>>Lets say that the S&P has data points 1,2,3,4,5,6,7,....
>>
>>Lets say that company has data points 2,4,6,8,10,12,14,....
>>
>>So the comparative relative strength is company/S&P.
>>
>>SO for the first day we have 2/1 = 2
>>2nd day 4/2 = 2
>>3rd day 6/3 = 2
>>
>>So this says that the company is moving twice as fast as the S&P.
>>
>>So how could we get a jump up. Either the S&P fell so if instead on the
>>3rd day we had 6/1 = 6 would make it jump up. Or a jump could be from the
>>company price jumping up. So on the 3rd day we could have 18/3 = 6 which
>would
>>give a jump up.
>>
>>Finally we could have the company move up a little and the S&P fall a
>little so
>>ont the third day we could have 12/2 = 6. Which could give the jump up. Of
>>course yo could have jump downs as well.
>>
>>I hope you get the idea of how the comparative relative strength works.
>>
>>
>>Question two:
>>
>>You can do this with the P indicator in 6.0. Not sure about 5.11. If you
>have a
>>P indicator then you can do what you want todo.
>>
>>Harley Meyer
>>
>>
>>On Wed, 18 Jun 1997 11:24:32 -0500,
>>Lionel Issen wrote...
>>>I need some help.
>>>
>>>First question
>>>
>>>I followed Clive Roffey's suggestion and Equis' procedure to creat a
>>>comaparative relative strength template. What I did however was to have 2
>>>windows, one with NASDAC and one with S&P 500. I added a short moving
>>>average to smoothe out the curve.
>>>
>>>The problem is that while the comparative relative strength with NASDAC is
>>>always smoothe, the one with the S&P 500 sometimes showes a jump up or down
>>>at the most recent date. I've checked the data and it seems all right.
>>>
>>>Two stocks where this occurred, a jump up of the compative rel str curve
>are:
>>>Albermarle copr ALB, and Borg Warner Securities BOR.
>>>
>>>Second Question
>>>
>>>In an exploration I'd like to use the roc of the moving average of the
>>>comparative relative strength curve, but because of the way that it is
>>>created, I cant seem to get Metastock V 5.11 to do this. I could do this
>>>making files of composite securities, but I'm getting short of space on my
>>>hard drive.
>>>
>>>Any suggestions?
>>>
>>>thanks
>>>
>>>Lionel
>>>
>>>
>>
>>Harley Meyer
>>meyer093@xxxxxxxxxx
>>
>>
>>
>>
>
>
Harley Meyer
meyer093@xxxxxxxxxx
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