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[EquisMetaStock Group] Re: Breadth Indicator



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One way to do this inside Metastock is as follows:
Let's say that the securities of NYSE are named "s1", "s2",... "sN".
You can create some formulae, containing the following code:

fml("nyse 1")

a1:=security("s1",c);
a2:=security("s2",c);
.....................
a10:=security("s10",c);
(a1>mov(a1,40,s))+(a2>mov(a2,40,s))+...+(a10>mov(a10,40,s));

fml("nyse 2")

a11:=security("s11",c);
a12:=security("s12",c);
.....................
a1=20:=security("s20",c);
(a11>mov(a11,40,s))+(a12>mov(a12,40,s))+...+(a20>mov(a20,40,s));

.....................
fml ("nyse N/10");
.....................

Then, you create one final formula,

fml("nyse all")

where you place:

fml("nyse 1")+fml("nyse 2")+...+fml("nyse N/10");

This should work, but I think it's going to be very slow, or even make your pc freeze. You may also consider trying to read metastock data via a custom program and perform the necessary calculations automatically (at least this is what I personally prefer).
If you want to continue using your exploration, then why use sorting. You could simply take a sum of "1"s and there you have it!

Regards,

mc



--- In equismetastock@xxxxxxxxxxxxxxx, Rajiv Vyas <rajiv1@xxx> wrote:
>
> I wanted to create a simple breadth indicator -- how many stocks in
> NYSE are above their 40 day moving average. Right now, I run the
> formula in Explorer and then dump the data in excel and sort it. How
> does one do this without using excel?
> 
> Thanks,
> -- 
> Rajiv
> Sent from Baltimore, MD, United States
>




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