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<FONT face=Arial
size=2>Adheer:
<FONT face=Arial
size=2>
This looks very
good. Where and how do I use it with Metastock?
<FONT face=Arial
size=2>Lionel
<FONT face=Tahoma
size=2>-----Original Message-----From: Adheer Pai
[mailto:adheerp@xxxxxxxxxxx] Sent: Saturday, January 18, 2003 12:10
AMTo: metastockusers@xxxxxxxxxxxxxxxSubject:
[Metastockusers] Monthly Price Performance
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
advancetrend2traderTo
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