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[EquisMetaStock Group] Re: Relative Strength Comparison Analysis



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Thanks again for your reply Super. Are you indicating that I can 
convert the list that I generate from my Relative Strength 
Comparison into Excel format? From looking at the Convert tool in 
the Downloader, it appears to convert security data but not the list 
I generate. Am I missing something? 

Charles

--- In equismetastock@xxxxxxxxxxxxxxx, superfragalist <no_reply@xxx> 
wrote:
>
> To pass data out of MS to Excel, open the downloader and use the
> convert function under the tool tab. 
> 
> You can convert from MS to Excel and from Excel to MS. 
> 
> Read the help screens under the downloader help section to 
understand
> the date and column headings required to import or export data. 
It's
> very simple. I just imported 12 years worth of data from the from 
the
> CBOE website by downloading it to excel, reformatting the excel 
files
> to the MS spec and then importing the excel files into MS. It took
> about 10 minutes. 
> 
> SpyGlass is the only alternative for external relative strength 
that
> I've ever come across. For the relative strength comparatives, 
like I
> said the weighted ROC formula that I posted awhile back produces
> almost the same ranking as do other dedicated RSC programs. That
> formula is really cheap.
> 
> What is not cheap is turning the weighted ROC into testable
> information, or into a consistent expert system. I guess it all 
comes
> down to how much your time is worth. 
> 
> Have fun with excel! 
> 
> Super
> 
> 
> 
> --- In equismetastock@xxxxxxxxxxxxxxx, "cherotree1" <mass54thcob@>
> wrote:
> >
> > Thanks for the reply, Super and also for clarifying the IBD 
> > methodology. I do have Excel but I hardly ever use it and I 
> > certainly could not be considered proficient. I do know how to 
copy  
> > the Metastock list that I produced but I get strange results 
when I 
> > attempt to paste the results in Excel. Could you share the steps 
to 
> > paste the list in excel and have it numbered?
> > 
> > I did take a look at the Splglass product. I was attempting to 
see 
> > if I could come up with a usable alternative (and cheaper :-)). 
> > Thanks again for your assistance!
> > 
> > Charles 
> > 
> > --- In equismetastock@xxxxxxxxxxxxxxx, superfragalist 
<no_reply@> 
> > 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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