RE: [EquisMetaStock Group] ETFS -- Advance-Decline Line

["L.P. Carhartt" <lc@xxxxxxxxxxxxxx>]

 

Yes, Brett, you could easily do that on the 111 top trade volume ETFs we currently cover.  The current list is here:  http://www.masterdata.com/Content/IndexesETFs.htm

 

The reason for the top 111 by trade volume is that many ETF do not trade in any kind of volume.  We figure the average volume of all domestic equity ETFs and select the top 111 assuming they meet the other selection criteria.  The list is revised quarterly, but stay fairly stable with only a half dozen or so changes.  Also, many ProShares and Direxion ETFs are included which really have no constituents.  They get their multiple index performance by doing swaps and other derivatives.  But they are based upon an index like the S&P 500.  So we also provide their data, but with the breadth data for the S&P 500.  It works.

 

Again, hope this helps.

 

Best,

L. P. Carhartt
MasterDATA

http://www.MasterDATA.com
lc@xxxxxxxxxxxxxx

 

---

From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx] On Behalf Of Brett Sinclair
Sent: Tuesday, August 25, 2009 12:17 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: RE: [EquisMetaStock Group] ETFS -- Advance-Decline Line

Using a masterdata subscription, would I be able to do Metastock explorations on the A/D lines for all of the ETFs that interest me? In other words, return the list of ETFs if the A/D line is greater than yesterday and is above its rising 20-day exponential moving average, or the like?

 

Thanks, Brett

--- On Tue, 8/25/09, L.P. Carhartt <lc@xxxxxxxxxxxxxx> wrote:

From: L.P. Carhartt <lc@xxxxxxxxxxxxxx>
Subject: RE: [EquisMetaStock Group] ETFS -- Advance-Decline Line
To: equismetastock@xxxxxxxxxxxxxxx
Date: Tuesday, August 25, 2009, 2:24 PM

 

 

Hi Brett,

 

I think their is an add-on for MetaStock called "Ice" or "Fire" or something like that which will do it.  I am not very familiar with it, but hear it works.

 

Compiling breadth data, however, on more than a few ETFs is more than meets the eye.  First it is very time-consuming.  Additionally, although the HOLDRS you mention is a unit investment trust and does not change constituents (it only loses them from attrition), most ETFs reflect an index and constituents change frequently.  To stay accurate, you really have to check the sponsor list daily.

 

Or you can subscribe to precompiled historical breadth data at www.masterdata. com.  We do all the dirty work for you and you just download the up to date data automatically from our website (downloader provided).   A plug-in is provided (no charge) which allows use of the .csv format datafiles directly in MetaStock with no import or conversion.  Data includes the advancing and declining issues you need for your Advance-Decline Line and all other traditional breadth statistics plus some new ones.  Data starts 1990 or the start date of the index or ETF on 31 major stock indexes and 111 top volume ETFs.

 

Hope this helps.  Good luck.

 

Best,

L. P. Carhartt
MasterDATA

http://www.MasterDA TA.com
lc@xxxxxxxxxxx com

 

---

From: equismetastock@ yahoogroups. com [mailto:equismetast ock@xxxxxxxxxxxx com] On Behalf Of Brett Sinclair
Sent: Tuesday, August 25, 2009 11:06 AM
To: equismetastock@ yahoogroups. com
Subject: [EquisMetaStock Group] ETFS -- Advance-Decline Line

Can anyone help me with creating Advance Decline Lines for ETFs. For example, the PPH has the following components:

BMY
	LLY
	FRX
	JNJ
	MHS
	MRK
	PFE
	SGP

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