|
PureBytes Links
Trading Reference Links
|
Norman, I'm not able to help here in detail due to a heavy workload,
but here are some pointers:
The URSC (or any Relative Strength Comparative study) goes into
positive territory when the chart is doing better than the index it is
being compared to.
However, by this stage (when URSC crosses zero), a large proportion of
the chart's uptrend has been and gone. The trick is in determining if
a chart's relative strength is increasing, before it reaches parity
(zero line) with its index.
This can be done in many ways, for example, by taking a moving average
of the URSC (such as the in-built URSC EMA), and taking note of the
URSC when it crosses its own EMA *whilst it's still in negative
territory*.
As for defining setup periods, try something like:
"If condition X has occurred anytime in the past month (setup), and
condition Y is now active, enter trade.
Setup:=Alert(conditionX,21);
Trade:=Setup AND conditionY;
Trade
jose'-)
http://www.metastocktools.com/URSC/URSC.htm
--- In Metastockusers@xxxxxxxxxxxxxxx, "ruagoodp" <almutwinter@xxxx>
> wrote:
>
> Hi Jose,
>
> Thanks for your response. Has gone a long way to helping me with
> this long term strategy.
>
> you asked for clarification:
>
> "The URSC cannot be in neutral or negative territory, and decisively
> positive territory at the same time. You would need to define the
> setup period."
>
> I am looking for the RSC to be in negative territory prior to the
> breakout above resistance and when the share breaks out above
> resistance the Rsc should move into positive territory at the same
> time but in a decisive manner not merely nudging over into positive
> territory. I guess I need to determine what decisive would mean.
> Perhaps you might have an idea Jose.
>
> Thanks Jose
>
> Norman
>
>
>
> --- In Metastockusers@xxxxxxxxxxxxxxx, "Jose Silva" <josesilva22@xx
..> wrote:
>
> Norman, there are aspects of your exploration that would need to be
> clearly defined in logical terms before it can be coded in
> MetaStock.
>
>
>> 1. A volume signal(v > 2x the average volume over the last 4-5
>> weeks).
>
> VolPds:=4;
> V>Mov(V,VolPds,S)*2
>
>
>> The initial vol surge should be followed by several more weeks of
>> heavy trading
>
> "Several more weeks" and "heavy trading" need to be defined.
>
>
>> 2.price should have risen > 40% over the last 4-5 weeks before the
>> breakout above resistance(my formula for breakout above resistance
>> is: fml("resistance")=100
>
> rise:=40;
> pds:=4;
> startPrice:=ValueWhen(pds+1,1,C);
> move:=(C/startPrice-1)*100;
> move>rise AND fml("resistance")<100
>
>
>> 3.The URSC should be in negative territory or hugging the zero line
>> in a neutral manner.
>
> URSC:=Fml("URSC-US Chart vs S&P 500");
> neutralPercent:=2;
> URSC<0
> OR URSC<neutralPercent AND URSC>-neutralPercent
>
>
>> Then when the share breaks out above resistance the URSC should
>> move decisively into positive territory.
>
> The URSC cannot be in neutral or negative territory, and decisively
> positive territory at the same time. You would need to define the
> setup period.
>
>
> So, this is what we have so far for your URSC exploration:
>
> ---8<--------------------------
>
> VolPds:=4;
> condition1:=V>Mov(V,VolPds,S)*2;
>
> rise:=40;
> pds:=4;
> startPrice:=ValueWhen(pds+1,1,C);
> move:=(C/startPrice-1)*100;
> condition2:=move>rise AND fml("resistance")<100;
>
> URSC:=Fml("URSC-US Chart vs S&P 500");
> neutralPercent:=2;
> condition3:=URSC<0
> OR URSC<neutralPercent AND URSC>-neutralPercent;
>
> condition1 AND condition2 AND condition3
>
> ---8<--------------------------
>
>
> jose '-)
> http://www.metastocktools.com/URSC/URSC.htm
>
>
>
>
> --- In Metastockusers@xxxxxxxxxxxxxxx, "ruagoodp" <almutwinter@xxxx>
> wrote:
>
> I just bought your Ursc Kit and so far am impressed.
> Could you help me with an exploration code using your kit?
>
> Basically I am examing a weekly chart.
>
> I am looking for:-
>
> 1. A volume signal(v > 2x the average volume over the last 4-5
> weeks).The initial vol surge should be followed by several more
> weeks of heavy trading
>
> 2.price should have risen > 40% over the last 4-5 weeks before the
> breakout above resistance(my formula for breakout above resistance
> is: fml("resistance")=100
>
> 3.The URSC should be in negative territory or hugging the zero line
> in a neutral manner.Then when the share breaks out above resistance
> the URSC should move decisively into positive territory.
>
>
> Is it possible to code this in metastock for a weekly exploration
> Jose?
>
> Hope you or anyone else can help
>
> Cheers
>
> Norman
------------------------ Yahoo! Groups Sponsor --------------------~-->
Has someone you know been affected by illness or disease?
Network for Good is THE place to support health awareness efforts!
http://us.click.yahoo.com/Rcy2bD/UOnJAA/cosFAA/zMEolB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/Metastockusers/
<*> To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|