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Excellent suggestion. Thanks for this
information
Lionel
<font size=3
face="Times New Roman">
From:<font size=2
face=Tahoma> Dusant
[mailto:dusant@xxxxxxxxxxxxxxxxxx]
Sent: Thursday, July 15, 2004
10:13 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock
Group] composite security
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<font size=2
face=Verdana> is what I
meant by a composite.
Dusant
Chief Architect
http://www.candlestrength.com/
----- Original Message -----
<span
>From:<font
size=2 face=Arial> <a
href="" title="lissen@xxxxxxxxxxxxx">Lionel Issen
To:<font size=2
face=Arial> <a
href=""
title="equismetastock@xxxxxxxxxxxxxxx">equismetastock@xxxxxxxxxxxxxxx
Sent:<font size=2
face=Arial> Friday, July 16,
2004 12:31 AM
Subject:<font size=2
face=Arial> RE:
[EquisMetaStock Group] composite security
Dusant:
I think that you misunderstood
Hormuz’ question.
Yes you can create as many composites as
you want, but each composite can only consist of 2 securities.
Lionel
<font size=3
face="Times New Roman">
From:<font size=2
face=Tahoma> Dusant
[mailto:dusant@xxxxxxxxxxxxxxxxxx]
Sent: Thursday, July 15, 2004 1:36
PM
To: <a
href="">equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock
Group] composite security
You can create as many composites as you want, using the
security function of MS.
Dusant
Chief Architect
http://www.candlestrength.com/
----- Original Message -----
From: "hormuz maloo" <<a
href=""><span
>hormuzmaloo@xxxxxxxxx<font
size=2 face=Verdana>>
To: <<a
href=""><span
>equismetastock@xxxxxxxxxxxxxxx<font
size=2 face=Verdana>>
Sent: Thursday, July 15, 2004 11:47 AM
Subject: [EquisMetaStock Group] composite security
<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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