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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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