Re: [EquisMetaStock Group] composite security

["Dusant" <dusant@xxxxxxxxxxxxxxxxxx>]

Lionel,
I used the word "composite" loosely, and not as a 
word out of the Metastock classification.
It is true that you can create an indicator using 
the security() function.
Let us say you want to create an index of the 
pharmaceutical companies. Choose 4 of the top traded pharma stocks and 
add/average their closes in this manner.
(security("c:\Data Directory\xyz",c) 
+

security("c:\Data Directory\xyx",c) 
+

security("c:\Data Directory\xxz",c) 
+

security("c:\Data Directory\yyz",c) 
)/4
 
That is what I meant by a composite.
DusantChief Architect<A 
href="">http://www.candlestrength.com/
<BLOCKQUOTE dir=ltr 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Lionel 
  Issen 
  To: <A 
  title=equismetastock@xxxxxxxxxxxxxxx 
  href="">equismetastock@xxxxxxxxxxxxxxx 
  
  Sent: Friday, July 16, 2004 12:31 
AM
  Subject: RE: [EquisMetaStock Group] 
  composite security
  
  
  <SPAN 
  >Dusant:
  <SPAN 
  > 
  <SPAN 
  >I think that you 
  misunderstood Hormuz’ question.
  <SPAN 
  > 
  <SPAN 
  >Yes you can create as 
  many composites as you want, but each composite can only consist of 2 
  securities.
  <SPAN 
  > 
  <SPAN 
  >Lionel
  <SPAN 
  > 
  
  <FONT 
  face="Times New Roman" size=3>
  
  
  <SPAN 
  >From:<FONT 
  face=Tahoma size=2> Dusant 
  [mailto:dusant@xxxxxxxxxxxxxxxxxx] <SPAN 
  >Sent: Thursday, July 15, 2004 1:36 
  PMTo: <A 
  href="">equismetastock@xxxxxxxxxxxxxxx<SPAN 
  >Subject: Re: [EquisMetaStock Group] 
  composite security
  <SPAN 
  > 
  
  <SPAN 
  >You can create as many 
  composites as you want, using the security function of 
  MS.
  
  <SPAN 
  >DusantChief Architect<A 
  href="">http://www.candlestrength.com/
  
  <SPAN 
  > 
  
  <SPAN 
  >----- Original Message ----- 
  
  
  <SPAN 
  >From: "hormuz maloo" 
  <<FONT face=Verdana 
  size=2><SPAN 
  >hormuzmaloo@xxxxxxxxx<FONT 
  face=Verdana size=2><SPAN 
  >>
  
  <SPAN 
  >To: <<A 
  href=""><SPAN 
  >equismetastock@xxxxxxxxxxxxxxx<FONT 
  face=Verdana size=2><SPAN 
  >>
  
  <SPAN 
  >Sent: Thursday, July 15, 2004 
  11:47 AM
  
  <SPAN 
  >Subject: [EquisMetaStock Group] 
  composite security
  
  <SPAN 
  > 
  <SPAN 
  >> Hi everybody,> In 
  earlier versions of metastock we used to be able to> make composite 
  securities, ie an average of two or> more securities. (For eg, an 
  average of 5 stocks> belonging to a particular industry could be 
  plotted).> > I could not find anything like that in Metastock 
  8.> Is something similar to that available in MS8.> 
  Thanks,> Hormuz







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