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[EquisMetaStock Group] Re: Creating an external relative strength indicator



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Hi Steve

I can't publish any of the URSC Toolkit formulas because they are
copyright protected but I can give you one of Jose's formula that can
give you a basic RSC.

You only need to change the Security() syntax:

==============
RoC since date
==============
---8<--------------------------

{ Rate of Change (RoC) since past date v1.0

 ©Copyright 2005-2006 Jose Silva.
  The grant of this license is for personal use
   only - no resale or repackaging allowed.
  All code remains the property of Jose Silva.
  http://www.metastocktools.com }

{ User inputs }
StDay:=Input("Day",1,31,1);
StMnth:=Input("Month",1,12,1);
StYear:=Input("Year",1800,2200,2006);
method:=Input("method:  [1]%-percent,  [2]$-points",1,2,1);
plot:=Input("plot:  [1]RoC,  [2]Date signal",
 1,2,1);

{ Data array }
x:=C / Security("Folder where you have your index or stock data that
you wish to compare with",C);

{ Event date's signal }
date:=Year()>StYear
 OR (Year()=StYear AND (Month()>StMnth
 OR Month()=StMnth AND DayOfMonth()>=StDay));
event:=date AND Alert(date=0,2);

{ Event's Close value }
start:=Cum(IsDefined(event))=1;
eventVal:=ValueWhen(1,event OR start,x);

{ RoC since chosen event }
RoCper:=(x/eventVal-1)*100;
RoCpts:=x-eventVal;

{ Select % or $ method }
eventRoC:=If(method=1,RoCper,RoCpts);
eventRoC:=If(date,eventRoC,0);

{ Plot in own window }
If(plot=1,eventRoC,event)

---8<--------------------------

Naturally that this formula can not be a replacement for the URSC but
with it you have a basic view.


regards
Fernando




--- In equismetastock@xxxxxxxxxxxxxxx, steve rath <steve_rath11@xxx>
wrote:
>
> Interesting discussion. Can you post your RSC version Fernando ?
> 
> Fernando Santos <ptc_man3@xxx> 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@> 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@>
> > 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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> > 
> > [Non-text portions of this message have been removed]
> >
> 
> 
> 
>                          
> 
>        
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>




 
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