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--- In Metastockusers@xxxxxxxxxxxxxxx, "Jose Silva" <josesilva22@xxxx>
wrote:
> 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
Hi Jose,
Thanks for that. It gives me something to start on. Enjoy your holidays :)
Norman
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