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I use QRS which is similar to Relative Strength as described by William
O'Neil and others. My understanding is that QRS compares stocks to an index
and weights recent performance more heavily that earlier performance. I am
not sure what that index is or whether it matters as long as the index is
broad based. It is not similar to RSI as described by Wells Wilder.
Dan
>From: "Michel Amelinckx" <Michel.Amelinckx@xxxxxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: <metastock@xxxxxxxxxxxxx>
>Subject: RE: Comparative Strength
>Date: Wed, 26 Apr 2000 15:07:12 +0200
>
>Can you explain to me how to do this in QuotesPlus. We are talking about
>Comparative relative strenght not Relative Strenght.
>Or do you mean QRS which is not really the same as Comparative relative
>strenght, because it doesn't compare two stocks with each other.
>
>Greetings
>
>Mickey
>
> > -----Original Message-----
> > From: owner-metastock@xxxxxxxxxxxxx
> > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Dan Harels
> > Sent: woensdag 26 april 2000 7:34
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: Comparative Strength
> >
> >
> >
> > My data vendor, Quotes Plus, has a screening program as part
> > of its service.
> > You can screen on some technicals and some fundementals,
> > however, its
> > screening capabilities are very limited compared to
> > Metastock. It does
> > allow straight forward screening on Relative Strength. I
> > have never spent
> > the time to figure out how to screen for relative strength
> > using Metastock.
> > While it may be more flexible, it also strikes me as being
> > more cumbersome.
> > The values of Relative Strenght provided by Quotes Plus have
> > met my needs.
> >
> > Dan
> >
> > >From: "Martin Haesler" <mhaesler@xxxxxxxxxxxxxx>
> > >Reply-To: metastock@xxxxxxxxxxxxx
> > >To: <metastock@xxxxxxxxxxxxx>
> > >Subject: Re: Comparative Strength
> > >Date: Wed, 26 Apr 2000 12:23:54 +0930
> > >
> > >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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> > >
> >
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