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Hey Casimir,
thanks for this great info-.
I work with MS 8,01
As a newcomer I have some question:
What is the meaning of the
"security"-function and what does it exactly do?
Is the "close" in this formula ADX the close of the
Index?
In ROC is the close of the tested security against
the Index?
Sorry, but bid by bid I am going to understand this
software. It is not easy.
Many thanks in advance.
regards
wambui
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Roy
Larsen
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Thursday, October 02, 2003 10:28
PM
Subject: Re: [EquisMetaStock Group]
RS
CasimirThank you for your code. Just one point
about the "Security" functionmissing from earlier EOD versions. The "P"
variable will work fine ifsubstituted for the "ASX" variable in your
exploration. What's required isthat the reference security (index) be
opened and "marked". When that isdone the exploration should work with any
version from MS 6.52 onwards.The "P" variable (it may also be called
as "INDICATOR") can only referencethe CLOSE on the selected chart, which
is all that's required in this case.Roy> I think Relative
Strength (Comparative) is one of the most valuable> indicators - after
all why attempt swimming against the tide!> Being UK based I use the
FTSE All Share Index (ASX) as a benchmark but you> can substitute it
with you own choice of index.> Note that you need MS 8.01 as earlier
versions incredibly did not have the> "Security"
function.>> This is an extract of one exploration I regularly
use:>> {Col A Relative Strength - 5 day %}> PDS:=
5;> ASX:= Security("C:\METASTOCK\UK\FT Indices\ASX",CLOSE);>
ROC(CLOSE/ASX,PDS,%)>> {Col B Relative Strength - 10 day
%}> PDS:= 10;> ASX:= Security("C:\METASTOCK\UK\FT
Indices\ASX",CLOSE);> ROC(CLOSE/ASX,PDS,%)>> {Col C
Relative Strength - 15 day %}> PDS:= 15;> ASX:=
Security("C:\METASTOCK\UK\FT Indices\ASX",CLOSE);>
ROC(CLOSE/ASX,PDS,%)>> Just change "PDS" to periods that suit
your own style of trading.>> etc etc>> This is an
extract of another exploration:>> {Col A Relative Strength Line
- Actual}> ASX:= Security("C:\METASTOCK\UK\FT
Indices\ASX",CLOSE);> Ref((CLOSE/ASX),-0)>> {Col B
Relative Strength Line - Actual}> ASX:= Security("C:\METASTOCK\UK\FT
Indices\ASX",CLOSE);> Ref((CLOSE/ASX),-1)>> {Col C
Relative Strength Line - Actual}> ASX:= Security("C:\METASTOCK\UK\FT
Indices\ASX",CLOSE);> Ref((CLOSE/ASX),-2)>> etc
etc>> In the filter section I would have something like
colA>colB and colB>colCto> identify which way RS is
going.> Remember that the numbers in the RS Line don't mean much - what
you needto> know is the direction of the RS line.> Also
remember that you have "good" RS even when your security is falling ->
it's just falling by less than your benchmark!>> I also use RS
in an expert. For example in "Bullish" you could have:>>
PDS:=60;> ASX:= Security("C:\METASTOCK\UK\FT
Indices\ASX",CLOSE);> If(ROC(CLOSE/ASX,PDS,%)>0,1,0)>>
and in "Bearish">> PDS:=60;> ASX:=
Security("C:\METASTOCK\UK\FT Indices\ASX",CLOSE);>
If(ROC(CLOSE/ASX,PDS,%)<0,1,0)>> and in the commentary
...>> RS 5d % :
writeVal(ROC(CLOSE/Security("C:\METASTOCK\UK\FT> Indices\ASX",Close),
05,%),8.2) %> WriteVal(Ref(ROC(CLOSE/Security("C:\METASTOCK\UK\FT
Indices\ASX",Close),> 05,%),-3),8.2) %
WriteIf(ROC(CLOSE/Security("C:\METASTOCK\UK\FT> Indices\ASX",Close),
05,%)>Ref(ROC(CLOSE/Security("C:\METASTOCK\UK\FT>
Indices\ASX",Close), 05,%),-3),"rising ","falling")>> RS 10d % :
writeVal(ROC(CLOSE/Security("C:\METASTOCK\UK\FT> Indices\ASX",Close),
10,%),8.2) %> WriteVal(Ref(ROC(CLOSE/Security("C:\METASTOCK\UK\FT
Indices\ASX",Close),> 10,%),-3),8.2) %
WriteIf(ROC(CLOSE/Security("C:\METASTOCK\UK\FT> Indices\ASX",Close),
10,%)>Ref(ROC(CLOSE/Security("C:\METASTOCK\UK\FT>
Indices\ASX",Close), 10,%),-3),"rising ","falling")>
/Security("C:\METASTOCK\UK\FT Indices\ASX",Close), 60,%),-3),"rising>
","falling")>> etc etc>> Obviously you can create
a custom formula to replace> <Security("C:\METASTOCK\UK\FT
Indices\ASX",Close)> but when I did that inan> expert with many
different dates I experienced a lot of disk read/write> activity and
the expert seemed to slow down drastically.>> I think there is
an article about the RS in the files section.>> Good
luck.>> Casimir>>>To
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