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[EquisMetaStock Group] Re: using the Explorer: find stocks that are putforming their index



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Greg,

Very true but I believe the example that I used showed the relative 
strength of the close to an indicator. The explanation is as follows:

Displays securities where an MACD of the comparative relative 
strength (i.e. between a security and an index) crosses above its 
signal line.  This was discussed in an article by Gilbert Raff in the 
November 1994 issue of "Technical Analysis of Stocks & Commodities."  
To run this exploration, load a chart of the desired index with the 
same ending date and periodicity (e.g. daily, weekly etc.) as 
specified using the Options button (below).  Click your mouse on the 
price bars of the index to select it. Then run the exploration on the 
desired stocks.  Column A displays the close of each security, Column 
B the close of the index you selected, Column C the Relative Strength 
between the security and index, Column D the value of the MACD of the 
Relative Strength and Column E the value of the MACD signal line.  
The filter does not rely on any of the column formulas so feel free 
to change the columns to any of your favorite indicators.

The other method is a chart display in which you could use the RS 
Comparative which is what I believe you are referring to.

P


--- In equismetastock@xxxx, "gregcarroll1" <gcarroll@xxxx> wrote:
> From my understanding Relative Strength Comparative does NOT appear 
> as a formula available for explorations. As such, it cannot be used 
> to solve Mike's problem.
> 
> 
> --- In equismetastock@xxxx, pumrysh <no_reply@xxxx> wrote:
> > Mike,
> > 
> > Check Equis - MACD of Comparative Rel Strength which is already 
in 
> > the explorer. 
> > 
> > The strength of the explorer is very underrated. You'd be 
suprised 
> at 
> > what it allows you to do.
> > 
> > Preston
> > 
> > --- In equismetastock@xxxx, Mike Loveday <mike.loveday@xxxx> 
wrote:
> > > 
> > >   Hi folks,
> > > 
> > >   ...Just wondering if it is possible to do "comparitive" 
> searches 
> > in
> > > Metastock.
> > > 
> > >   ie; can i run a search over a bunch of stocks associated to 
an 
> > index, to
> > > find those that are outperforming the index.
> > > 
> > >   The problem i see with this, is that I'm kind of asking the 
> > formula to not
> > > only look at an individual stock's data (which is what all the 
> > formulas do),
> > > but also compare it to that of another stock / index.
> > > 
> > >   any thoughts on this?
> > > 
> > > 
> > >   thanks,  Mike
> > > 
> > > 
> > > 
> > > 
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