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Larry,
I'm sure I can't answer all of your questions, but here's some of my
experience with fire.
I often use it to create custom indexes of the stocks that make up an
ETF or a sector fund. I also use it to create custom indexes of value
line files and IBD files.
Essentially if a group of stocks is in a history file, Fire can run
all the calculations you could want on the file. It can also combine
history files into groups for calculating the external relative
strength within the groups.
The real problem is in maintaining the history files. As you know the
stocks that make up ETFs and indexes aren't always stable. The S&P
replaces stocks within their indexes frequently. So the history files
have to be updated.
Well, just like in trading there is survivorship bias. If Fire is run
on the current history file then values it creates are based on it's
current content.
If someone wants a historical breadth record of how a group of stocks
that have securities going into and out of the group at any given time
are performing, then they would have to copy the Fire calculation for
that day into a new file and store the historical breadth data
separately outside of Fire. Then as the securities are changed within
the history file, the historical values in the new separate breadth
file won't be changed by the addition or removal of stocks from an index.
I like the program. It's not the most polished piece of software but
it does what it does correctly, very fast and very well. None of the
MS plug-ins sell enough copies to make it worth doing a lot of slick
interface programming on them. In addition, Equis takes 50% of the
money so that cuts the developers piece even more.
Super
--- In equismetastock@xxxxxxxxxxxxxxx, "L.P. Carhartt" <lc@xxx> wrote:
>
>
> Realistically, how many ETFs can Fire track at the same time? How
long to
> compile say 10 years of advancing / declining issues and advancing /
> declining volume data on the S&P 500 index? Where do you get the
> constituent lists for the ETFs and indexes used in the compilations? To
> track more than a few indexes and ETFs you can be talking about
thousands of
> constituents. How does it manage that and still provide usably fast
> results?
>
> Thank you.
>
> Best,
>
> L. P. Carhartt
>
> ________________________________
>
> From: equismetastock@xxxxxxxxxxxxxxx
[mailto:equismetastock@xxxxxxxxxxxxxxx]
> On Behalf Of superfragalist
> Sent: Friday, August 01, 2008 10:17 PM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] To count total number of securities
which
> are above 1
>
>
>
> Fire is a good program. The breadth indicators can be coded also to
> provide many statistical comparisons besides the ones that are hard
> coded into the program.
>
> One of Fire's strongest features is the calculation of the external
> relative strength. The external relative strength is one of the best
> performing ranking filters and high probability trade filters I've
> tested.
>
> Well worth the money.
>
> But it's a tool. It doesn't pick winning trades automatically, but it
> can improve whatever your constraints are for picking winning trades.
>
> Super
>
> --- In equismetastock@xxxxxxxxxxxxxxx
> <mailto:equismetastock%40yahoogroups.com> , mike milliken <mmilliken22@>
> wrote:
> >
> > I would suggest to buy the FIRE Plug IN ...its worth it you want to
> use it to follow the breadth ...it won't give you the names but the
> gross number of S&P securities over their 20,50,&200 day moving
> average help point to the health of the market...i would ignore plug
> ins that pick turning point in the market - Mike
> >
> > --- On Fri, 8/1/08, Pierre Tremblay <pt2000@> wrote:
> >
> > From: Pierre Tremblay <pt2000@>
> > Subject: Re: [EquisMetaStock Group] To count total number of
> securities which are above 10 days moving average
> > To: equismetastock@xxxxxxxxxxxxxxx
> <mailto:equismetastock%40yahoogroups.com>
> > Date: Friday, August 1, 2008, 4:49 PM
> >
> >
> >
> >
> >
> >
> >
> >
> > Suresh,
> >
> > You can use the Explorer to do that.
> >
> > In col A :
> >
> > C <= MOV(C,10,E)
> >
> > And in the filter :
> >
> > col A
> >
> >
> > When you run the Exploration, you have to watch the "Percent
> Rejected". The last number you will see is the percentage of
> securities wich are above 10 days exponential moving average.
> >
> > Pierre Tremblay
> >
> >
> >
> >
> > ----- Original Message -----
> > From: Suresh Thanki
> > To: equismetastock@ yahoogroups. com
> > Sent: Friday, August 01, 2008 10:00 AM
> > Subject: [EquisMetaStock Group] To count total number of securities
> which are above 10 days moving average
> >
> >
> >
> > Dear All,
> >
> > How to write the formula in MS to count the total number (and/or
> > percentage) of securities which are above 10 days moving average
> > within the group of securities like S & P 500 or any other Index
> > group ?
> >
> > I have a database of securities traded on particular day.
> >
> > In simple arithmetic form, I want to know,
> >
> > % = Number of scrip above 10 days moving average *100 /
> > Total number of scrip traded on that day
> >
> > Suresh Thanki
> >
>
------------------------------------
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