[Metastockusers] Thrust Oscillators

["Andrew Tomlinson" <andrew_tomlinson@xxxxxxxxxxx>]

I was finally going through Chande's book, and particularly liked the Thrust
Oscillator as an alternative to the TRIN (Arms index). I coded the following
(for MS 8 & 9 and Reuters data EOD). Nothing special, but it might save
someone a few minutes. If you use a different data provider you'll have to
change the security references. A 21 day SMA of the TO works well for
intermediate work. It's just more consistent then the TRIN. 

----------------------------------------------------------------------------
-------------

Thrust Oscillator NASD

Adv:= Security("C:\MetaStock Data\Indices & Indicators\Market
Indicators\X.NASD-A",C);
AV:= Security("C:\MetaStock Data\Indices & Indicators\Market
Indicators\X.NASD-A",V);
Dec:= Security("C:\MetaStock Data\Indices & Indicators\Market
Indicators\X.NASD-D",C);
DV:= Security("C:\MetaStock Data\Indices & Indicators\Market
Indicators\X.NASD-D",V);

MT:=(Adv*AV - Dec*DV);
MTT:=(Adv*AV + Dec*DV);
TO:=MT/MTT*100;TO;

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-----------

Thrust Oscillator NYSE

Adv:= Security("C:\MetaStock Data\Indices & Indicators\Market
Indicators\X.NYSE-A",C);
AV:= Security("C:\MetaStock Data\Indices & Indicators\Market
Indicators\X.NYSE-A",V);
Dec:= Security("C:\MetaStock Data\Indices & Indicators\Market
Indicators\X.NYSE-D",C);
DV:= Security("C:\MetaStock Data\Indices & Indicators\Market
Indicators\X.NYSE-D",V);

MT:=(Adv*AV - Dec*DV);
MTT:=(Adv*AV + Dec*DV);
TO:=MT/MTT*100;TO;

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Andrew




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