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Interesting discussion. Can you post your RSC version Fernando ?
Fernando Santos <ptc_man3@xxxxxxxxx> wrote: We'll never find a neutral ground on this because we see things
differently. We could spend the rest of our lives here that we'd never
find a common ground.
You said:
...."there are plenty of valuable indicators to invest which has been
tested by traders all over the world but of course not this one"...
So you are saying that you act upon tests made by other traders.
Shouldn't you be the one to make your own tests and see with your own
eyes if a system or a indicator really works?
You said:
...."If you wish to invest for URSC that is totally your freedom. I
just show you the path but the rest is up to you to decide ':)."...
What path? You said that your system is a KIS system. That's fine, we
all want a KIS system. You have a system that is good for you and I
congratulate you for that.
But again I ask you, what path? You publish an exploration that you
don't even know how it works. Again, you continue to talk about things
that you didn't test and act upon others opinions/tests. If you had
tested that exploration you would have seen that the results were
impossible to be achieved. AA raising 102% more then the S&P500 in a
week? Maybe the author uses the exploration with another one that when
combined they produce real % values but that exploration alone is
worthless.
You said:
...."URSC is not a holy grail which can turn the poor and novice
traders to gain for the market. It only makes them to become
discourage and lazy to think."...
I never said that URSC was the holy grail. I said that URSC is a
TOOLKIT to help with your analysis/trades.
Again, If you never tested how can you make such declaration that the
toolkit produces discouragement and laziness?
The URSC TOOLKIT makes you see the strong indexes or stocks when
compared with other indexes or stocks. Let you see their relative
strength. It has explorations and indicators that allows you to see
divergences in the relative strength.
Knowing the stronger stocks in a industry, for example, if you decide
to make the call, you have more confidence in those same stocks or
indexes.
>From here you can and/or you must apply a trading system to seek among
the stocks pre-selected which ones are giving signs of buy or sell
depending of course the parameters given by that system.
For me this makes perfect sense. You have a different opinion so it's
natural that you come here and disagree with me but saying that the
toolkit is worthless without ever testing it, well, for me that isn't
fare for all the users of this group.
Maybe the laziness is coming from you. The fact that you, apparently,
have a profitable system, makes you lazy to the point that nothing
else works. Everything out there are scams just to take money from the
novices.
Well, I thing there's nothing more to be said here regarding this topic.
regards
Fernando
--- In equismetastock@xxxxxxxxxxxxxxx, thomas ng <thomas12ng@xxx> wrote:
>
> You just made another subjective and a quick intepretation again.
You need to understand the whole post. If you can not understand it,
please read it slowly LOL:)
>
>
> Frankly speaking, I never use URSC as I dont believe it. You can ask
the owner directly. My concept trading is KIS( keep it simple). there
are plenty of valuable indicators to invest which has been tested by
traders all over the world but ofcourse not this one. the system that
I trade only consists of 1turn over, 1 trend indicator, 1volatility
and 1ordinal argument. but on top of this it manages to reject 99.9%
of ASX stocks and trade consistently.
>
>
> Regarding the indicator that i gave you, you can contact the owner
i.e. tech trader a.k.a john not me. I never use this indicator to
trade so I could not tell you. If you wish to invest for URSC that is
totally your freedom. I just show you the path but the rest is up to
you to decide ':).
>
>
> I tend to avoid racial and religion as I dont wish to discuss these
things. They have nothing to do with trading. URSC is not a holy grail
which can turn the poor and novice traders to gain for the market. It
only makes them to become discourage and lazy to think.
>
>
> Trade Well
>
>
>
>
>
> ----- Original Message ----
> From: Fernando Santos <ptc_man3@xxx>
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Saturday, 25 August, 2007 7:09:12 AM
> Subject: [EquisMetaStock Group] Re: Creating an external relative
strength indicator
>
> Hi Thomas
>
> I didn't know that I had a "secret intention" when I answered to
> artopliffmd question, oh well
>
> I hope that you are not comparing your formula to the URSC toolkit.
> That would be like comparing Madre Theresa and all her good deeds in
> taking care of poor people and children to that greek goddess Angelina
> Jolie :-P and her good deeds in adopting poor children. Both had good
> intentions but the final results were and are completely diferent,
> although Angelina is still young ;-)
>
> I tried your exploration. Shouldn't the formula be more like... this?
>
> Col A: 1week ((Mov(C/P,5, S) /Ref(Mov( C/P,5,S), -5))-1)*100
> Col B: 1month ((Mov(C/P,5, S) /Ref(Mov( C/P,5,S), -21))-1)*100
> Col C: 3month ((Mov(C/P,5, S) /Ref(Mov( C/P,5,S), -63))-1)*100
> Col D: 6months ((Mov(C/P,5, S) /Ref(Mov( C/P,5,S), -126))-1)*100
> Col E: 12months ((Mov(C/P,5, S) /Ref(Mov( C/P,5,S), -250))-1)*100
>
> I like this statement of yours:
>
> ..."I know to distinguish something which is work or simply a junk"...
>
> From this words I assume that you tested the URSC toolkit and find out
> that none of the many indicators and explorations are worth the
> investment
>
> I can accept that. If we all used the same tools I think the markets
> wouldn't move a point ;-)
>
> regards
> Fernando
>
>
>
> --- In equismetastock@ yahoogroups. com, "thomas12ng" <thomas12ng@ ...>
> wrote:
> >
> > 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@ yahoogroups. com, pumrysh <no_reply@> 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@ yahoogroups. com, "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@ yahoogroups. com, "thomas12ng"
<thomas12ng@ >
> > > > wrote:
> > > > >
> > > > > --- In equismetastock@ yahoogroups. com, "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.metastoc ktools.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@ yahoogroups. com, "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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