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<DIV><FONT color=#000000><STRONG>(last selected) Plot(ted Indicator) divided by
(the Base Security, better known as the Price indicator's) Close that it is
dropped on</STRONG></FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV><FONT color=#000000>-usefull f.e for use as an alternative for
the Relative Strength indicator (or Correlation or Performance
indicators)</FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV><FONT color=#000000>-used f.e. to plot a custom
Relative Strength comparising indicator, eg you can use the P to hold
the </FONT><FONT color=#000000>close value for the S&P and
the</FONT></DIV>
<DIV><FONT color=#000000> standard Price indicator's Close will then
represent the Base Security of your choise(see also <FONT
color=#000000>MSKv7.01-Man.p.</FONT>499-500)</DIV></FONT>
<DIV><FONT color=#000000></FONT><FONT color=#000000></FONT><FONT
color=#000000></FONT><FONT color=#000000></FONT><FONT color=#000000></FONT><FONT
color=#000000></FONT><FONT color=#000000></FONT><FONT
color=#000000></FONT> </DIV>
<DIV><FONT color=#000000>-MSK is the only program also refering to P as being a
"Data Array Identifier", where other programs will refer</FONT></DIV>
<DIV><FONT color=#000000> to P as being the Plot
indicator </FONT><FONT color=#000000>(see <FONT
color=#000000>MSKv7.01-Man.p.232-233), 'representing the last selected
plot'.</FONT></FONT></DIV>
<DIV><FONT color=#000000><FONT color=#000000></FONT></FONT> </DIV>
<DIV><FONT color=#000000><FONT color=#000000>-In the several Formula Editor's
can be choosen as a Function, and will then be pasted as
INDICATOR</FONT></FONT></DIV>
<DIV><FONT color=#000000><FONT color=#000000> (instead
of P)</FONT></FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV><FONT color=#000000><FONT face="Times New Roman" size=5>Comparative
Relative Strength in MetaStock™ for Windows </FONT></FONT></DIV>
<DIV><FONT color=#000000><A
href="http://www.equis.com/customer/support/formulas/cf00010.html";>http://www.equis.com/customer/support/formulas/cf00010.html</A></FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV><FONT color=#000000><FONT face="Times New Roman"><FONT size=5>Comparative
Relative Strength Exploration</FONT> </FONT></FONT></DIV>
<DIV><FONT color=#000000><FONT color=#000000><A
href="http://www.equis.com/customer/support/formulas/cf00051.html";>http://www.equis.com/customer/support/formulas/cf00051.html</A></DIV></FONT></FONT>
<DIV><FONT color=#000000></FONT><FONT color=#000000></FONT><FONT
color=#000000></FONT><FONT color=#000000></FONT><FONT color=#000000></FONT><FONT
color=#000000></FONT><FONT color=#000000></FONT><FONT
color=#000000></FONT><BR><FONT color=#000000><FONT face="Times New Roman"
size=5>MetaStock Custom Formula Collection</FONT></FONT></DIV>
<DIV><FONT color=#000000><FONT color=#000000><FONT color=#000000><A
href="http://www.equis.com/customer/support/formulas/";>http://www.equis.com/customer/support/formulas/</A></FONT></FONT></FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV>Regards,<BR>Ton Maas<BR><A
href="mailto:ms-irb@xxxxxxxxxxxxxxxx";>ms-irb@xxxxxxxxxxxxxxxx</A><BR>Dismiss the
".nospam" bit (including the dot) when replying.<BR>Homepage <A
href="http://home.planet.nl/~anthmaas";>http://home.planet.nl/~anthmaas</A></DIV>
<DIV> </DIV>
<DIV><FONT color=#000000><FONT face=Arial size=2>
<P><FONT size=5>Comparative Relative Strength in MetaStock™ for Windows </FONT>
<P><FONT size=1>rev. 01/06/97<BR></FONT>
<P>Comparative Relative Strength charts can be useful in deciding which security
to buy, by helping to pinpoint the best performer. They can also be useful in
developing spreads, i.e., purchase of the best performer "long", and selling the
weaker issues "short." Comparative Relative Strength can be applied in MetaStock
for Windows as follows:<BR><BR><B>Creation of a Template for Comparative
Relative Strength<BR></B>
<P>(For this illustration, we assume an equity/stock is compared to the S&P
500, both of which must first have been collected from your vendor. Both data
files should be in the same periodicity.) <BR>
<OL>
<LI>Load the S&P 500.
<LI>Load the equity, or whatever you wish to find the relative strength for.
<LI>Drag the S&P 500 plot into a new inner window of the equity. (You may
need to click Stack first.)
<LI>Close the S&P 500 chart.
<LI>Create a custom indicator: Div(close, p)
<LI>Drag the custom indicator into the inner window containing the S&P 500
plot, moving it over the plot until the plot changes to a pink or lavender
color, then release your mouse button. (This is called dragging and dropping
an indicator on an indicator. The new indicator will plot in the same window
as the S&P 500 plot.) You have two options here:
<UL>
<LI>You can change the color of the S&P 500 plot to be the same as the
chart background color, so that it is effectively invisible. (Double-click
the S&P 500 plot to get to its "properties", then choose the color you
need from the Colors list.)<BR>
<LI>You can give both plots different colors so you can tell which is
which.<BR></LI></UL>
<LI>Save this chart as a Template. (File|Save As, set "Save File As Type" to
Template, and give it a name, such as CMPRELST.MWT.) <BR></LI></OL>
<P>Any time you want to see Comparative Relative Strength of an equity against
the S&P 500, apply this template to the equity's chart. Note: if you should
move the data file against which you are comparing, such as the S&P 500,
this template will no longer work, and would have to be
recreated.<BR><BR><BR><B>To Run an Exploration Using Comparative Relative
Strength<BR></B>
<OL>
<LI>Load the S&P 500 (or whatever you want to compare against).
<LI>Create a custom indicator of the Close.
<LI>Drag and drop this indicator on the S&P 500 (or whatever...). (Note:
the S&P 500 plot must change to pink/lavender color before you drop it.)
The indicator will plot.
<LI>Select the indicator plot (by single-clicking with the left mouse button
on the line).
<LI>Do an Exploration with DIV(Close,p) in column A, and specify which
directory to explore.
<LI>The results are displayed in the Exploration report.<BR></LI></OL>
<P>(P is a special variable that points at the last indicator plotted or
selected.)</P>
<P></FONT></FONT>----- Original Message ----- </P></DIV>
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<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
Dan Cash
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> woensdag 2 augustus 2000 5:39</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: Indicator/Close not working
anymore on 2 comp securities</DIV>
<DIV><BR></DIV>I do not understand this response. What am I
missing? What is P/C?
<P>Dan
<P>"A.J. Maas" wrote:
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<FONT color=#000000>P/C</FONT> <BR>Regards, <BR>Ton Maas <BR><A
href="mailto:ms-irb@xxxxxxxxxxxxxxxx";>ms-irb@xxxxxxxxxxxxxxxx</A>
<BR>Dismiss the ".nospam" bit (including the dot) when replying.
<BR>Homepage <A
href="http://home.planet.nl/~anthmaas";>http://home.planet.nl/~anthmaas</A>
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<DIV style="FONT: 10pt arial">----- Original Message -----</DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=Michel.Amelinckx@xxxxxxxxxx
href="mailto:Michel.Amelinckx@xxxxxxxxxx";>Michel Amelinckx</A></DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>Metastock User List
(E-mail)</A></DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> dinsdag 1 augustus 2000
18:32</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Indicator/Close not working
anymore on 2 comp securities</DIV> <SPAN class=092512516-01082000>Is
it possible that the formula Indicator/Close is not working anymore ON TWO
COMPOSITE SECURITIES. I just tried to redo the TRIN ARMS index with
the formula just described and for this I made two composite securities;
one NASDAQ ADV Vol / DEC Vol, two NASDAQ ADV / DEC.</SPAN><SPAN
class=092512516-01082000>I opened both comp. charts and dragged one onto
the other and then dragged the TRIN ARMS index on top. But this
doesn't seem to work anymore in 7.01 I know it worked in 6,5.</SPAN><SPAN
class=092512516-01082000></SPAN><SPAN class=092512516-01082000>Anyone
tried to do similar thing I would like to hear about.</SPAN><SPAN
class=092512516-01082000></SPAN>Greetings Mickey</BLOCKQUOTE></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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