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Please follow the link that I gave. There is the screenshoot of the hot topic on this legendary junk. here is the discussion link http://www.reefcap.com/ubb/Forum1/HTML/001146.html Again you need to email tech trader ask him whether he still keep an info for this one.
>From now on I will only reply a quality post or those post that I think is worth of discussing. (mainly on trading system improvement or usefull indicator development). I am sick and tired of seeing this issue on this forum repetitively
Thomas
----- Original Message ----
From: Cameron Reid <cwr_74@xxxxxxxxxxx>
To: equismetastock@xxxxxxxxxxxxxxx
Sent: Monday, 10 September, 2007 1:39:45 AM
Subject: RE: [EquisMetaStock Group] Re: Relative Strength Comparison Analysis
Hi Thomas,
I would be very interested in any information you might have on this.
I don't mean to say that I know definitively that you are wrong, but I do know that many of the member of The Motley Fool's Mechanical Investing board have found External Relative Strength to be a very significant and consistent indicator going back to 1969. The members of the WER mechanical investing board share similar conclusions while testing a universe of much smaller companies. And I have found ERS values to be very helpful in improving trading systems that I work with on TradeSim. If you feel strongly that my use of this indicator will cause me to lose money and would like to provide evidence that demonstrates those points that you appear to hold so strongly, it would be greatly appreciated.
Cheers,
Cameron
To: equismetastock@xxxxxxxxxxxxxxxxxxx: thomas12ng@xxxxxxxxxxxxxxxx: Sun, 9 Sep 2007 02:11:52 +0000Subject: [EquisMetaStock Group] Re: Relative Strength Comparison Analysis
Oh my goodness!!!!!!!!!!! the discussion is only about this topic again. On the first place I have emphasised that this methodology does not tell us anything but some people persist on his opinion on how gorgeous this concept. I could not argue more. Now the fact has been reveal one by one. I deliberately let people discuss and figure out that I am absolutelly correct while others in my opposite is totally wrong. If it necessary I will reveal one of former commercial trading system in this forum so that people will start thinking on developing their own strategy. Cheers Thomas--- In equismetastock@xxxxxxxxxxxxxxx, superfragalist <no_reply@xxx> wrote:>> First IBD doesn't compare each stock to a base index. IBD uses> External Relative Strength which compares every stock to every other> stock in the population someone is using. > > I've tested many ranking formulas and External Relative Strength works> better as a filter than any of the other method
including Relative> Strength Comparatives, which is what you are talking about. > > If you want an ERSC ranking that is the same as the IBD ranking, the> old SpyGlass plugin does that. It's called Fire now.> > SpyGlass puts a ranking value from 1 to 100 on each stock in the ERSC> comparison population and the numerical value means the same thing> from week to week and can be used in the tester. > > RSC values are meaningless in the tester because they are a relative> number only and do not have the same meaning from week to week. > > As far as counting goes, Roy uses a dll function in the explorer that> can count but I don't think it can sort on the highest value. I don't> use it so Roy will have to explain it. > > You can always export your list to excel and have excel sort and> number them. > > > Super > > > > > > --- In equismetastock@xxxxxxxxxxxxxxx, "cherotree1" <mass54thcob@>> wrote:> >> > I am using this formula ROC(MOV((C/P),26,S),1,%), and
comparing it to > > a base index, to generate a list of securities which I can then sort > > by either Relative Strength, Symbol or Security Name. > > > > My question to the group; is it possible to have the printed output of > > this list numbered i.e. number 1 for strongest, up to the last number > > in my list. Or, is it even possible to rank this list similar to the > > RS rankings that are listed by Investors Business Daily (maybe 100-> > strongest to 0-weakest). Any and all replys are appreciated. Peace!> > > > Charles> >>
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