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RE: Comparative Strength



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I guess your talking about the PRO version not EOD , RIGHT !

> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of HHP
> Sent: woensdag 26 april 2000 23:05
> To: metastock@xxxxxxxxxxxxx
> 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
> > > > >
> > > >
> > > > 
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