[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

RE: Comparative Strength



PureBytes Links

Trading Reference Links


you see, what I told you.  But I think they are betting on the wrong horse.
If I would buy an RT program I would buy the best OT which is I believe is
much flexible than MS Pro.  Same thing if your looking for an EOD program,
the best AT THE MOMENT is MS (TASC Magazine).  But if Equis continues like
this, this will quickly change and Supercharts will take over and then MS
EOD will be just like Equis treads us now. On second place or even worse !

Mickey

> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Ron Stockstill
> Sent: donderdag 27 april 2000 19:43
> To: metastock@xxxxxxxxxxxxx
> Subject: RE: Comparative Strength
>
>
> 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
>
>
>