[Metastockusers] Monthly Price Performance

["Adheer Pai" <adheerp@xxxxxxxxxxx>]

      Hello Fellow Traders,Here is an 
      indicator I built that displays the % change in the price of a stock 
      from the first day of each month. It tracks the % change in the price of 
      the stock from the closing price on the first day of that month. 
      Also attached is the chart for Circuit City 
      using the same.  
      I also have a modified version than tracks 
      performance between option-cycles (that is third Friday of a month). 
      I find it useful for near-the-money and at-the-money stocks to 
      discover candidates for covered call writing.
       
      -Adheer Pai.
       
       
      {/* 
      ************************************************************************** 
       */}{/* Formula     : Monthly Stock 
      Price Change in 
      Percentage                      */}{/* 
      Name        
      : APai_Monthly_Price_Performance          
                   
               */}{/* 
      Author      : Adheer Pai (<A 
      href=""><FONT face=Fixedsys 
      color=#008000>adheerp@xxxxxxxxxxx<FONT face=Fixedsys 
      color=#008000>)                              
      */}{/* Date        : May 19, 
      2002.          
                  
                  
                     
      */}{/* Description : Displays the percentage change in the 
      price of the            
      */}{/*           
          stock against the price on first day of each 
      month            */}{/* 
      ************************************************************************** 
       */}
       
      {/* Determine if it is the 
      first day (bar) of the 
       month.          
      */}
      {/* The first day of a 
      month is detected when the day  of 
               */}
      {/* the 
      previous bar is greater than the day of the current 
      bar.   */}
      {/* Likewise, 
      if the month of current bar is not the same as the   
      */}
      {/* month of 
      previous bar we know that it is a 
      new 
      month.          */}
      <FONT face=Fixedsys color=#0000ff 
      size=2>isNewMonth:=    If( Month() <> Ref( 
      Month() , -1 ),       1 
      ,       0 );
       
      {/* Retrieve the Closing 
      Price on the first day (bar) of a month   */}
      startValue:=ValueWhen( 1 , 
      isNewMonth = 1 , C );
       
      {/* Plot the price change 
      percentage for this bar with respect to  */}
      {/* the price on the first 
      day of the current 
      month                
      */}
      ( 100 * ( C - startValue ) ) 
      / startValue;
       
      {/* Plot the 0% 
      reference 
      line                                     */}<FONT 
      color=#0000ff>0;
       
      {/* 
      ************************************************************************** 
       */}
       
       
      
      
      
      
        From:  "trend2trader <<A 
        href="">trend2trader@xxxx>" 
        <<A 
        href="">trend2trader@xxxx> 
        Date:  
        Thu Jan 2, 2003  1:07 pm<FONT 
        size=+0>Subject:  Day count in new 
      month
  
    
      
        
          
          
            
              
                
                
                  <FONT face=arial 
                size=-2>hi 
        list,is there a possiblity to program an indicator which counts 
        the days of any new month, the goal would be to see if there is an 
        indication of the first couple or last couple of trading days if 
        these days say anything about the monthly performance?thanks 
        in 
advancetrend2trader






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