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Kazaan,
There is no such method, at least
not in Metastock. I remember Roy and me having this kind of discussion about
locating the number of stocks above/below a certain MA as you have mentioned.
The thread should still be in the archives. That was about 5 years
back.
I remember coming across some
plugin claiming to process broad market data. I thought this was grossly ridiculous at that time. The
cost of the plugin was more than the "other" software AMIBroker, which I
believe has the capability of generating broad market data to a limited
extent.
Anyway, to cut matters short, and
since I was comfortable with Metastock, language/interface, I stuck to my old
trusty MS, and got a custom software written to process broad market
data.
Here is an example of the
same.
Dusant
----- Original Message -----
Sent: Tuesday, March 01, 2005 6:13
PM
Subject: Re: [EquisMetaStock Group] Help
needed for an indicator
sachin/ dusant...
I came in late, but sachin from
what i understand, you want a counter
and you want to plot the results of
that counter as a histogram. If
condition A is satified add 1 to the
cumulative counter, else add
zero. Repeat for condition B. Enter the values
of Counter A abd Couter
B into excel and then plot the difference as an
indicator. New high
and new low data is not part of the everyday feed from
most vendors.
this will be a way to generate that number.
dusant, a
cumulative counter is an incredibly powerful tool; a sub
routine that can
be used in to make different types of analysis.
Example: the number
of stocks above the 40wma in jan as against the
number now. I am sure
someone hass already coded this. Any ideas where
i can look before i try
and build it myself?
regards,
kazaan
On Wed, 23 Feb 2005
10:15:11 -0000, sachinsac31
<no_reply@xxxxxxxxxxxxxxx>
wrote:
>
>
> Dusant,
> Thank
you for a reply.
>
> Yes you are right, I trying to
fit the exploration results into the
> histogram format which
would create a broadmarket data. Because the
> explorations are
involving all the stocks.
>
> So can this be done,
I'm glad you finally understand what I'm trying
> to
do.
>
> Thank you very much again for replying and
answering my issue.
>
> Sachin
>
>
>
> --- In
equismetastock@xxxxxxxxxxxxxxx, Dusant <cooldush@xxxx>
wrote:
> > Sachin,
> >
> >
My comments are noted below ur queries.
> >
> > Dusant
> > ----- Original
Message -----
> > From: sachinsac31
> > To: equismetastock@xxxx
> > Sent: Tuesday, February 22, 2005
10:53 PM
> > Subject: Re:
[EquisMetaStock Group] Help needed for an
>
indicator
> >
> >
>
>
> >
> > Dusant,
>
>
> > From what I can
understand, you are trying to create a broad
> market
indicator.
> >
> > I'm very sorry,
I really don't understand you very clearly.
> Firstly
> > I'm no expert with metastock as you
are.
> >
> > The
first thing I would humbly suggest to you is to read the
> Help Manual. That would answer most of your
questions.
> >
> > In the filter column I have
to key in Col A - col b or should I
> put
> > it as you mention col a and col b.
>
>
> > The ColA and ColB will
list out all the stocks which satisfy
> your
criterion.
> >
> > You mention it
will filter out all that doesn't satisfy my
>
request.
> > I thought the filter should satisfy
my request, right and the
> > exploration results will give
me the individual stock symbols.
> So
>
> how can I open the chart? It will only open individual charts
at
> a
> > time. I need to compile the total
results. say my exploration
> for
> >
high gives a total results of 300 stocks that meet my
> exploration
> > criteria and the low
exploration gives a total value of 290 of
> my
> > request. Therfore the value of 300 - 290 = 10 is the value
or
> final
> > result needed to plot
the histogram chart.
> >
> > So my question
here is how do I get this final result of 10 to
> be
> > plotted into a histogram chart.
>
>
> > I understand that you
can run an exploration on the
> exploration results,
but whether it would sum the results or not,
> I am
not too clear. I have not tried it.
> > What you can do is to
copy the results into a spreadsheet and do
> the
additional math yourself. Then copy the summation of the
> result into a new security.
> > Hope I'm
not troubling you too much on this and also hope you
> > understand what I'm trying to do here.
>
>
> > Yes, I think you are
trying to create a broad market indicator.
> >
> > Thank you very much for your patience and
assistance.
> >
>
> Not at all. You are welcome.
> >
> > Sachin
> >
> >
> >
> >
> >
>
> --- In equismetastock@xxxxxxxxxxxxxxx, Dusant
<cooldush@xxxx>
> wrote:
> >
> Sachin,
> > >
> >
> I am still unable to understand your logic.
>
> >
> > > Create an explorer, put the formula
"a" in Col A, and the
> > formula "b" in Col B.
Use the Filter and in the Filter type in
> ColA
> > and ColB.
> > >
>
> > This will filter out all the stocks which do not satisfy
the
> > condition.
> > >
> > > Create your histogram indicator chart and
save that as
> default.
> > Then you can open
the chart from the exploration results.
> >
>
> > > Dusant
> >
> ----- Original Message -----
> >
> From: sachinsac31
> >
> To: equismetastock@xxxx
> > > Sent: Tuesday, February 22,
2005 12:04 AM
> > > Subject: Re:
[EquisMetaStock Group] Help needed for an
> > indicator
> > >
> > >
> > >
> > >
> > > Hello Dusant,
> > >
>
> > Thank you for your kind and valuable reply.
But i'm looking
> to
> > have
> > > my exploration results to create the
chart. The method you
> have
> > >
mention can be used for individual stocks.
> > >
> > > But how do I get the total
results of my exploration on all
> the
> > > stocks which I have carried out for the high
and low to be
> > > transfered into
a chart format. Hope you can recall that I
> >
mentioned
> > > my first exploration is
for the high and the second
> exploration is
> > > for the low. Then I would get
the final result that is the
> high -
> >
> > > low and use this value for
the new inicator to create a
> > histogram
> > > chart.
> > >
> >
> I hope my explanation here is clear. Please let
me know if
> it's
> > not
> >
> clear and greatly appreciate your help in helping
me.
> > >
> > > Thank you
very much
> > >
> > >
Sachin
> > >
> > > Yahoo!
India Matrimony: Find your life partneronline.
> >
> >
> >
> >
>
>
> >
> >
> >
> >
> >
---------------------------------
> >
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> >
> >
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