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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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