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PureBytes Links
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Here's one you might want to look at.
RELATIVE STRENGTH OF STOCK TO INDEX
Here is what I have been using as Relative strength (RSC)Compared to
the XAO
Column A: CLOSE
Column B: If( (Ref(Div(CLOSE,P),-4) > Ref(Mov(Div(C,P),30,E),-
4)),1,0)
Column C: If( (Ref(Div(CLOSE,P),-3) > Ref(Mov(Div(C,P),30,E),-
3)),1,0)
Column D: If( (Ref(Div(CLOSE,P),-2) > Ref(Mov(Div(C,P),30,E),-
2)),1,0)
Column E: If( (Ref(Div(CLOSE,P),-1) > Ref(Mov(Div(C,P),30,E),-
1)),1,0)
Column F: (( C/P - Mov(C/P,30,E)) / Mov(C/P,30,E)) * 100
Filter: Div(C,P)> Mov(Div(C,P),30,E) AND colB=1 AND colC =1 AND colD
= 1 AND colE =1
I name columns B - E period 1, 2, 3, etc.
Open The chart of the index you wish to get the relative strength of
the securities on make periodicity "Week".
In the options area of the exploration editor change to Week.
This formula will select securities that have outperform the index
over the last 5 weeks. The formula in column F provides a way to
rank the securities in terms of their recent performance relative to
the index.
Frederick W McKenzie
--- In equismetastock@xxxxxxxxxxxxxxx, "Fernando Santos"
<ptc_man3@xxx> wrote:
>
> Hi,
>
> I think the name says it all, TOOLKIT. The URSC is a tool to help
you
> in your market analysis and/or trading decisions. The URSC is not a
> trading system, although you can make one based on what he is
telling
> you. Your imagination is the limit.
>
>
> regards
> Fernando
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "thomas12ng" <thomas12ng@>
> wrote:
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "Fernando Santos"
> > <ptc_man3@> wrote:
> >
> > For a normal trend strength you can use GMMA which can you get
from
> > wilson tech stat. It is free. Regarding URSC, I dont wish to say
> > anything on this toolkit. no body knows that maybe your trading
> > result might end up or being stoped out from trading :)
> >
> > Try to use something use simple but useful.
> >
> > >
> > > Hi
> > >
> > > For me, the best way for plot an RSC is Jose's URSC Toolkit
that you
> > > can find here URSC Toolkit
> > > <http://www.metastocktools.com/URSC/URSC.htm>
> > >
> > > You can compare basically everything you want with this
toolkit and
> > > see in real % terms the RSC of that comparison.
> > >
> > > Fire aka Spyglass, plot and RSC line between 0 and 100. What
is
> > this?
> > > What this values represent? Compare the financial sector with
the
> > > s&p500 and you see that it's at 75. 75 what? How can we make an
> > > analysis using such values?
> > >
> > > Among many others things, that is why Jose's URSC Toolkit beats
> > > everything outhere.
> > >
> > >
> > > regards
> > > Fernando
> > >
> > >
> > >
> > >
> > > --- In equismetastock@xxxxxxxxxxxxxxx, "artopliffmd"
<artopliffmd@>
> > > wrote:
> > > >
> > > > Does anyone know how to create an external relative strength
> > indicator
> > > > for Metastock that would compare a stocks performance to the
S
> > and P
> > > > maybe in 4 timeframes.
> > > >
> > > > (ROC 20 days, 60 days, 120 days, 250 days) or any other
ideas. I
> > have
> > > > a commercial one spyglass but it is a pain to use
> > > >
> > > > Once this is created how do you link it to the index for
> > comparison?
> > > > Any one know the parameters IBD uses for relative strength?
> > > >
> > > > Many thanks
> > > >
> > >
> > >
> > >
> > > [Non-text portions of this message have been removed]
> > >
> >
>
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