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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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