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joshik,
A fine piece of work! Nice Job!
I hope other members will take the time to look through your coding.
Basically it is a smoothed ROC (rate of change) using various
smoothing methods to calculate the ROC of a stock and an index. It
introduces different lookback periods for the smoothing and ROC
periods. Remember that the ROC is the difference between todays
close and yesterdays close. A longer ROC uses a greater number of
closing periods. This introduces a bit of trend into the
calculations as we are no longer looking at a single close but are
now looking at several closes over time. Add to this the comparison
of the index and the stock itself.
Plotting this on a chart I would probably split the formula and use
use the values of the smoothed ROC of the stock and the index
seperately then the comparative from your formula. Somewhat similar
to the way you would plot a MACD.
One more point Joshik is that attachments will not go through Yahoo
so you will need to upload the exploration results to the file
section for others to view.
Again, nice work!
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "stock market"
<stockmarket1974@xxx> wrote:
>
> Dear Preston,
> Thanks a lot for your help. It was a great support and guidance.
The
> indicator need not be so complex but just for fun of the same i
used added
> complexity with 6 types of moving avg and adjustable period of ROC
of and
> adjustable periods of the moving avg of the ROC.
>
> Also attaching an exploration result of all F&O stocks using this
formulae
> with 6 and 9 default ROC of EMA.
> members comments on improvement are highly valued.
> regards
> joshik
>
>
>
=====================================================================
==========
> {This indicator calulates the Diff of the moving avg of the index
(nifty) and
> stock. This can be very useful in explorations and shortlisting
the nifty
> out performers. (Relative strength comparative cannot be used
there).
>
> You need to correct the nifty path in the formulae. and the
default working
> is fine. max you may adjust with moving avg. period of the ROC.
>
> other complexities are usualy not needed.}
> Sec:= Security("C:\MetaStock Data\EOD-NSE\S&P CNX Nifty",C);
> R1:=Input("Enter ROC Period of Index",1,250,1);
> MOVtypeCode1:=Input("EMA(1),TEMA(2),Vol(3),ZeroLag(4),Hull
(5),AdapMV(6)",1,6,1);
> P1:=Input("Enter Moving Avg Period of ROC of Index",1,250,9);
>
> R2:=Input("Enter ROC Period of Stock",1,250,1);
> MOVtypeCode2:=Input("EMA(1),TEMA(2),Vol(3),ZeroLag(4),Hull
(5),AdapMV(6)",1,6,1);
> P2:=Input("Enter Moving Avg Period of Stock",1,250,9);
>
> {calculate ROC of index here}
> RA1:=ROC(Sec{close of sec},R1,%);
> {calculate ROC of stock here}
> RA2:= ROC(C,R2,%);
> {variables for adaptive moving Average}
> K1:=Power(ROC(sec,P1,$)/Sum(Abs(ROC(sec,1,$)),P1),2);
> AMA1:= If(Cum(1)<=P1+1,Sec,PREV*(1-K1)+sec*K1);
>
> K2:=Power(ROC(C,P2,$)/Sum(Abs(ROC(C,1,$)),P2),2);
> AMA2:= If(Cum(1)<=P2+1,C,PREV*(1-K2)+C*K2);
>
> {calculate moving avg of ROC of index here}
> RA1MA:= If(MOVtypeCode1=1, Mov(RA1,P1, E),
> {else}
> If(MOVtypeCode1=2, Tema(RA1, P1),
> {else}
> If(MOVtypeCode1=3, Mov(RA1,P1,VOL),
> {else}
> If(MOVtypeCode1=4, Mov(RA1,P1, E) + (Mov(RA1,P1, E) -
> Mov(Mov(RA1,P1,E),P1,E)),
> If(MOVtypeCode1=5, Mov(2*Mov(RA1,P1/2,W) -
> Mov(RA1,P1,W),LastValue(Sqrt(P1)),W),
> AMA1
> )))));
>
> {calculate moving avg of ROC of Stock here}
> RA2MA:= If(MOVtypeCode2=1, Mov(RA2,P2, E),
> {else}
> If(MOVtypeCode2=2, Tema(RA2, P2),
> If(MOVtypeCode2=3, Mov(RA2,P2,VOL),
> If(MOVtypeCode2=4, Mov(RA2,P2, E) + (Mov(RA2,P2, E)- Mov(Mov
(RA2,P2,
> E),P2,E)),
> If(MOVtypeCode2=5, Mov(2*Mov(RA2,P2/2,W) -
> Mov(RA2,P2,W),LastValue(Sqrt(P2)),W),
> AMA2
> )))));
>
> {Plot}
> (RA2MA-RA1MA);
>
=====================================================================
========
>
>
>
>
> On 12/25/06, pumrysh <no_reply@xxxxxxxxxxxxxxx> wrote:
> >
> > Let's see if this will at least get you going.
> >
> > BTW, Its much easier to address someone by a name not "stock
market".
> >
> > The formula you are seeking requires a bit of manipulation and
use
> > of "if" variables which are tricky but can be done. I've coded
the
> > first part but the moving averages you requested in 4,5,and 6 are
> > not standard metastock indicators so you need to decide how you
will
> > deal with them. You can include the formula in the indicator
code or
> > call a Formula variable from an external indicator formula. You
> > should also keep in mind that you may be reaching a line
limitation
> > so the external FMLVAR call may save you some space.
> >
> > Here's part one of the formula:
> >
> > Sec:= Security("C:\MetaStock Data\EOD-NSE\S&P CNX Nifty",C);
> > P1:=Input("Enter Moving Avg Period of Index",1,250,6);
> > R1:=Input("Enter ROC Period of Index",1,250,6);
> > MOVtypeCode1:=Input("EMA(1),TEMA(2),Vol(3),ZeroLag(4),Hull
(5),AdapMV
> > (6)",1,6,1);
> >
> > {place all input variables above this line}
> >
> > RA1:=ROC(SEC {close of sec},R1,%);
> >
> > {manipulate data above this line}
> >
> > MA1:=Mov(RA1,P1, E);
> > MA2:= Tema(RA1, P1);
> > MA3:= Mov(RA1,P1,V);
> > MA4:= {Zero Lag here};
> > MA5:= {Hull here};
> > MA6:= {Adap MV here};
> >
> > RAMA:= If(MOVtypeCode1=1, MA1,
> > {else}
> > If(MOVtypeCode1=2, MA2,
> > {else}
> > If(MOVtypeCode1=3, MA3,
> > {else}
> > If(MOVtypeCode1=4, MA4,
> > {else}
> > If(MOVtypeCode1=5, MA5,
> > {else}
> > MA6)))));
> >
> > RAMA;{no need for this line if you do not wish to plot RAMA}
> >
> > hope this helps,
> >
> > Preston
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx <equismetastock%
40yahoogroups.com>,
> > "stock market"
> >
> > <stockmarket1974@> wrote:
> > >
> > > hi,
> > > i am trying to build and indicator for comparing the price
> > movement of the
> > > security with the index. This should give the market out
> > performers. as i am
> > > not very good at this. Help from all the seniors in the line
is of
> > great
> > > value.
> > >
> > > the indicator would do as under
> > > calculate the daily ROC of index and the security
> > > calculate the moving average of this roc(both the index and
> > security)
> > > the diff of the two would be the chart
> > >
> > > i have writen the following code but cannot understand how to
> > > 1) use the input that selects the kind of moving avg to be
used.
> > (line 6)
> > > 2) how to select the price of index that has been selected with
> > the variable
> > > sec(line5)
> > >
> > > please also check the rest of the code and suggest improvements
> > >
> > >
> >
====================================================================
> > > Sec:= Security("C:\MetaStock Data\EOD-NSE\S&P CNX Nifty",C);
> > > P1:=Input("Enter Moving Avg Period of Index",1,250,6);
> > > MOVtypeCode1:=Input("EMA(1),TEMA(2),Vol(3),ZeroLag(4),Hull
> > (5),AdapMV(6)",1,5,1);
> > > MOVtype1:=0; {this varriable is to select the moving avg type
in
> > formulae
> > > language}
> > > ROC1:=ROC(c{close of sec},1,%);
> > > ROCma1:=Mov(ROC1,P1,e{kind of mov to be used});
> > >
> > > P2:=Input("Enter Moving Avg Period of security",1,250,6);
> > > MOVtypeCode2:=Input("EMA(1),TEMA(2),Vol(3),ZeroLag(4),Hull
> > (5),AdapMV(6)",1,5,1);
> > > MOVtype2:=0; {this varriable is to select the moving avg type
in
> > formulae
> > > language}
> > > ROC2:=ROC(C,1,%);
> > > ROCma2:=Mov(ROC2,P2,e{1/2/3/4/5/6});
> > >
> > > diff:=(ROCma1-ROCma2)/
> > >
> > > {Plot}
> > > diff;
> > >
> >
=====================================================================
> > ===
> > >
> >
> >
> >
>
>
> [Non-text portions of this message have been removed]
>
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