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Fernando ,
I dont wish to burn you with a fire but there is nothing special from
this kit or gadget or what so ever up mana tools you wish to mention.
I assume an indicator is not enough to represent an accomplishment.
Hence you need to compare a wider scope before you post your idea. I
know exactly the stuff that you are talking and the intention that
you wish to said in this forum LOL:)
There is nothing new in trading and I am not trying to reinventing
the wheel here. Here is an indicator that was developed by tech trader
=====================================================================
Col A: Mov(C/P,5,S)/Ref(Mov(C/P,5,S),-5)*100
{this week compared with one week ago}
Col B: Mov(C/P,5,S)/Ref(Mov(C/P,5,S),-21)*100
{this week compared with 4 weeks ago}
Col C: Mov(C/P,21,E)/Ref(Mov(C/P,21,E),-21)*100
{this month compared with one month ago}
Col D: Mov(C/P,21,E)/Ref(Mov(C/P,21,E),-63)*100
{this month compared with 3 months ago}
Col E: Mov(C/P,21,S)/Ref(Mov(C/P,21,S),-126)*100
{this month compared with 6 months ago}
Col F: Mov(C/P,21,S)/Ref(Mov(C/P,21,S),-250)*100
{this month compared with 12 months ago}
=====================================================================
Filter enabled No
Periodicity Daily
Records required 2500
Together, adding Preston's coding this will be another relative
strength comparison indicator. All you need to do is to add up. the
logic behind this argument. Trading is a business, not a sport or
game or a dream. NOw I wish to pull a logic thinking not an
imagination I hope :)
Q: the system is so profitable and the past result( equity curve )
from testing is so smooth
Statement: the system was stop out from trading course and was even
never being traded. may be there is a wrong coding somewhere
Q: is testing reflecting the future?
Statement: past performance is not an indicative of a future
performance but we can use a past result as a bench mark. Hence I
always try to use a run a real simulation by using a real account as
a am living at present not a history :). therefore it is improtant to
let a system run for a while then after you have develop you
confident you can trade it with your own risk.
I trade equity CFD and some options for almost 3 years. and most
importantly the open profit is not effected by current market
condition. I know to distinguish something which is work or simply a
junk. I hope this gives a better explanation for those who start
trading or wish to build their own strategy
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> 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@> 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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