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Here's an add-in to make up for what Equis left out. Suggest confirming
first that the ver. 7 referred to is EOD.
http://www.debry.com/MetaStock/ERSA_and_MSST.htm
HHP
======================
Ron Stockstill wrote:
>
> Martin,
>
> That is correct; I complained to Equis 3 months ago about this decision to
> omit the Security() function from the EOD version. I was told by Equis support
> that this was a marketing decision to help justify the higher price of MS Pro.
> Indeed, EOD traders are being treated as second-class citizens as the
> developer's
> kit apparently can only access data from the base security and can not be
> extended
> to write a custom version of the Security() function. Perhaps someone who has
> the
> kit can verify that the above statement; this is what Equis support sent me in
> a note. The Security() function is very useful to the EOD trader; so the
> distinguishing
> factor between the PRO and EOD versions will not be just real-time support and
> we
> can expect this trend to be continued in future releases. This is why I wrote
> in an earlier
> note that add-in modules be available for purchase from Equis so we do not have
> to waste our money on capabilities we do not need or want.
>
> Thanks,
>
> Ron Stockstill
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Martin Haesler
> Sent: Thursday, April 27, 2000 5:08 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Comparative Strength
>
> Relative Strength Comparative is there (on different pages) and seems to be
> an indicator only,
> not a function you can call and build into indicators and explorations.
>
> The Security Data function is nowhere to be found and as I said if you try
> to use it you get the diagnostic that
> tells you it is in the professional version only.
>
> Regards ... Martin
>
> ----- Original Message -----
> From: "HHP" <hhp@xxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Thursday, April 27, 2000 5:35 PM
> Subject: Re: Comparative Strength
>
> > Martin,
> >
> > Now that is really surprising. Relative Strength comparative was in
> > ver.6.5 EOD, so that at least should be in ver.7 EOD. I'm sure you've
> > already checked the index at the back of the manual? Can't imagine why
> > Equis would put the Security Data Function in the Pro version and not in
> > EOD.
> >
> > HHP
> > ==========================
> >
> > Martin Haesler wrote:
> > >
> > > HHP
> > >
> > > Thank you very much for your response.
> > >
> > > I thought I was going bonkers when I found that page 241 in my manual
> > > (metastock ver. 7) mentions nothing about the Security Data Function.
> > > Similarly pages 191 and 514 do not discuss Relative Strength
> Comparitive.
> > >
> > > Figured I had been sent an old book even though it show ver. 7 on the
> first
> > > page.
> > >
> > > However, decided to attempt to use the Security function and when saving
> it
> > > received the diagnostic that this function is available in the Metastock
> > > Professional version only. I am of course using the MS ver7 end of day
> > > program.
> > >
> > > So the convention of describing essentially two different programs by
> the
> > > same name and version has struck again.
> > >
> > > At least now I know ... and thank you again for your assistance.
> > >
> > > Regards ... Martin
> > >
> > > ----- Original Message -----
> > > From: "HHP" <hhp@xxxxxxxx>
> > > To: <metastock@xxxxxxxxxxxxx>
> > > Sent: Thursday, April 27, 2000 6:34 AM
> > > Subject: Re: Comparative Strength
> > >
> > > > Martin,
> > > >
> > > > In the MStk ver.7 manual, Security Data Function p.241; Relative
> > > > Strength Comparative p.191 & p.514. The Security Data Function is new
> > > > with ver.7. Relative Strength Comparative is continued from ver.6.5.
> > > >
> > > > Here's the current version of my home-grown Comp Strength-ROC
> indicator
> > > > ('Comp' referring to both comparative and composite). In place of
> {Data
> > > > Path} enter the Drive:\Folder\File address of your index such as the
> > > > S&P500.
> > > >
> > > > Ndx:= Security("{Data Path}",C);
> > > > CS10:= ROC(C,10,%) - ROC(Ndx,10,%);
> > > > CS20:= ROC(C,20,%) - ROC(Ndx,20,%);
> > > > CS30:= ROC(C,30,%) - ROC(Ndx,30,%);
> > > > CS:= LinearReg((CS10 + CS20 + CS30)/3, 3);
> > > > CS; 0;
> > > >
> > > > If you run this in the Explorer with a Col. for CS you can rank your
> > > > database on a percentage scale from those heading north to those
> heading
> > > > south. Around the middle (0) you can find some basing candidates if
> you
> > > > like bottom-fishing.
> > > >
> > > > This is all for an EOD local database. Has anyone using
> Data-on-Demand
> > > > tried anything similar?
> > > >
> > > > HHP
> > > > =========================
> > > >
> > > > Martin Haesler wrote:
> > > > >
> > > > > HHP
> > > > >
> > > > > I have been unable to find the Security Data Function you refer to
> ???
> > > Could
> > > > > you enlighten me please as to what this function is called.
> > > > >
> > > > > I also note the Relative Strength Comparative can be used as an
> > > indicator
> > > > > but is not available in the indicator builder nor in the
> explorations.
> > > > >
> > > > > Am I missing something ?? Any assistance much appreciated.
> > > > >
> > > > > Regards ... Martin
> > > > >
> > > > > ----- Original Message -----
> > > > > From: "HHP" <hhp@xxxxxxxx>
> > > > > To: <metastock@xxxxxxxxxxxxx>
> > > > > Sent: Tuesday, April 25, 2000 7:29 AM
> > > > > Subject: Comparative Strength
> > > > >
> > > > > > How do people compute comparative strength in MetaStock so as to
> be
> > > able
> > > > > > to sort the issues by comparative strength?
> > > > > >
> > > > > > My method is to calculate an Issue Ratio by dividing today's close
> by
> > > > > > the 20-day previous close; obtain an Index Ratio the same way;
> then
> > > > > > divide the Issue Ratio by the Index Ratio. (MStk ver.7's Security
> > > Data
> > > > > > Function makes this easy).
> > > > > >
> > > > > > Does anyone find other time periods better - shorter, longer,
> > > > > > composite? Has anyone a better calculation? A way to give
> preference
> > > > > > to a smooth comparative strength curve might be an advantage.
> > > > > >
> > > > > > HHP
> > > > > > ==========================
> > > > > >
> > > > > > Dan Harels wrote:
> > > > > > >
> > > > > > > Nicholas,
> > > > > > >
> > > > > > > Although Metastock can screen 3000 securities, I haven't found
> much
> > > > > point in
> > > > > > > it. I have found it more productive to use Metastock's powerful
> > > > > screening
> > > > > > > capabilities on a much smaller population. I am what is
> frequently
> > > > > > > classified as a momentum investor because I focus my attention
> > > strongest
> > > > > 10
> > > > > > > percent of the market and essentially ignore the other 90
> percent.
> > > > > > >
> > > > > > > To find the strongest 10 percent, I perform an initial screen of
> all
> > > of
> > > > > the
> > > > > > > securities in Quote Plus database using relative strength. I
> look
> > > for
> > > > > the
> > > > > > > securities that have out performed 90 percent of the market on
> the
> > > > > premise
> > > > > > > that stocks that have outperformed will continue to outperform.
> I
> > > also
> > > > > add
> > > > > > > a screen that eliminates anything that trades less than an
> average
> > > of
> > > > > > > 100,000 shares per day. I use 100,000 because it keeps my
> database
> > > > > small,
> > > > > > > the spread between bid and ask doesn't eat you alive and you
> don't
> > > have
> > > > > > > charts that are full of gaps due to lack of activity.
> > > > > > >
> > > > > > > Back in late October when I thought that the market was nearing
> a
> > > > > bottom, I
> > > > > > > ran that scan on Quotes plus and came up with a population of
> about
> > > 120
> > > > > > > stocks. I used that population through November and did not
> update
> > > it
> > > > > again
> > > > > > > until mid-December. Many of the stocks in that population went
> up
> > > > > several
> > > > > > > hundreds of percent between the first of November and the first
> of
> > > > > January.
> > > > > > > The period between the first of Novemeber and the first of
> January
> > > was
> > > > > > > extrordinary and I did not have the skills needed to make
> several
> > > > > hundreds
> > > > > > > of percent on my capital, however, the opportunities were there
> in a
> > > > > small
> > > > > > > cross-section of the market.
> > > > > > >
> > > > > > > If you are looking for stocks that are going to outperform the
> > > market,
> > > > > you
> > > > > > > would do well to focus your attention on the stocks whose price
> > > > > performance
> > > > > > > has been better than the rest of the market. On average, their
> price
> > > > > > > performance is likely to continue to be better than the rest of
> the
> > > > > market.
> > > > > > > I use relative strength as my first cut and volume as a
> secondary
> > > > > criterion.
> > > > > > >
> > > > > > > Hope this helps,
> > > > > > >
> > > > > > > Dan
> > > > > > >
> > > > > > > >From: "Nicholas Kormanik" <nkormanik@xxxxxxxxxx>
> > > > > > > >Reply-To: metastock@xxxxxxxxxxxxx
> > > > > > > >To: <metastock@xxxxxxxxxxxxx>
> > > > > > > >Subject: RE: Volume Moving Average Study
> > > > > > > >Date: Sun, 23 Apr 2000 20:58:11 -0600
> > > > > > > >
> > > > > > > >Ian writes, "I mainly use two other folders which have about
> 200
> > > > > securities
> > > > > > > >in each."
> > > > > > > >
> > > > > > > >Did those approximately 400 stocks in 'topstocks' and
> 'watchlist'
> > > have
> > > > > to
> > > > > > > >clear a volume hurdle?
> > > > > > > >
> > > > > > > >What makes them all that different from the other 3,000
> securities?
> > > > > > > >
> > > > > > > >Thanks,
> > > > > > > >Nicholas
> > > > > > > >
> > > > > > >
> > > > > > >
> > > ________________________________________________________________________
> > > > > > > Get Your Private, Free E-mail from MSN Hotmail at
> > > http://www.hotmail.com
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