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You are correct. You will need to use the Downloader to
build a composite security to create a comparative relative
strength indicator with a security or an index. If you have
the Metastock Pro version, use the security() function and
divide one security by the other and you can avoid the downloader.
This may or may not work in Explorer as I do not own the Pro version.
Use the "P" indicator with the downloader for EOD version or
nest the functions with the pro version.
mov((security("c:\meta\abc",C)/security("c:\meta\index",C))c,10,e) {You
will need to syntax check this
as I do not own the Pro version}.
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of David DeFina
> Sent: Thursday, December 28, 2000 3:27 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: RE: TC2000 Relative Strength Moving Average
>
>
> The relative strength indicator they use isn't RSI, but the
> actual "Relative
> Strength Comparative" indicator that compares two symbols to each other.
> Thanks though. I believe RSI is a comparison of the stock to
> it's range the
> previous "x" periods. I couldn't find the Relative Strength Comparative
> indicator as one of the available functions for system testing or expert
> building.
>
> Dave
> ddefina@xxxxxxxxxxxx
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On
> Behalf Of Frans Derksen
> Sent: Dec 28, 2000 10:55 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: TC2000 Relative Strength Moving Average
>
> Hi David,
>
> you wrote:
> >I haven't found a way yet to program relative strength into a
> system test,
> >so if anybody knows how I'd appreciate learning the secret.
>
> Wouldn't it look like this : Enter long: Cross( Mov(RSI(14),10,E
> ),Mov(RSI(14),30,E))
> Enter short:Cross( Mov(RSI(14),30,E
> ),Mov(RSI(14),10,E))
>
> Good luck with this nice idea.
> Frans
>
> At 08:26 28-12-00 -0800, you wrote:
> >Anybody tried using TC2000's new moving average based on
> relative strength
> >in Metastock?
> >
> >I developed a good indicator to identify trends in stocks, but TC2000's
> idea
> >of using a 10 and 30 day moving average of relative strength (vs. SP500,
> >NASDAQ, etc.), works as well or better than mine. Using moving averages
> >based on the stocks relative strength to a broader market average
> eliminates
> >market gyrations from the equation and allows the moving averages to be
> >sensitive only to stock performance relative to the index. I programmed
> >this into Metastock by plotting a relative strength indicator in white
> >(making it invisible on white background), and created 2 moving averages
> >based on this indicator (10 and 30 exponential). When the 10-day crosses
> >above the 30 day, this is assumed to be bullish, and you look to
> be bearish
> >when it crosses back below the 30-day line. Obviously, the two moving
> >averages can be any number, but these seem to work well.
> >
> >I tested this setup on many Nasdaq stocks by programming an
> expert with my
> >indicators (not TC2000) and comparing the trend changes to mine visually,
> >and saw that they were very similar. My system is very accurate for
> finding
> >trends, and entry points, so I'm assuming this TC2000 setup is
> as reliable.
> >I haven't found a way yet to program relative strength into a
> system test,
> >so if anybody knows how I'd appreciate learning the secret. I used the
> >SP-500 as the comparison to Nasdaq stocks because it correlates well with
> >the Nasdaq, but isn't as volatile.
> >
> >My trading system only uses the trend as one piece and several other
> >indicators for entry and exit, but I believe this indicator is
> as close to
> >perfect for determining trends as you'll find.
> >
> >Dave D.
> >
> >
>
>
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