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I use TradeStation 2000i to make textfiles for my own software and I always
run WA on a bunch of symbols and I have no problem at all.
What happens when you try to do this?
/Stefan Johansson, CTA
Bors Analys AB, SWEDEN
----- Original Message -----
From: "Lance Fisher" <lance@xxxxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Cc: "'Francesco Topino'" <francesco.topino@xxxxxxxxxxx>
Sent: Monday, January 28, 2002 7:50 PM
Subject: Relative Price Strength Indicator
> Hello FT,
>
> You asked -
>
> "Does anyone know of an indicator that plots the relative price strength
> of a stock and the SP500?"
>
> If you want to just compare one stock versus the S&P you can use the
> built in TS indicator - Spread(ratio).
>
> Inputs: Input1(Close of data1){Stock}, Input2(Close of data2){Index};
>
> Plot1(Input1 / Input2, "SpreadDiv");
>
> When this indicator is trending up the stock is performing better than
> the S&P and vice versa.
>
> I'd guess what you really want to do though, is to rank all the stocks
> in the S&P according to their relative strengths, like IBD does. One way
> to do this is to write code that exports each stock's RS into Excel so
> you can compare and sort them. The code below does that. It would be
> nice if you could just turn the Workspace Assistant loose on a symbol
> list of the entire S&P 500 and just kick back while it creates a
> spreadsheet file of 500 stocks. For reasons explained in recent posts
> though, the piece of %$*@ WA produces strange (or no) results when
> trying to do this. Although tedious, manually clicking the "load next
> symbol" button works correctly.
>
> If anyone is able to get this (or any FileAppend code) to work correctly
> with the WA, please let me know.
>
> -Lance Fisher
>
>
>
> **********Code Below**********
>
> {This code returns Relative Strength, IBD style.
> It samples a symbols' %increase (or %decrease) 4 times per year and
> weights each sampling
> as follows. 3Month - 40%, 6Month - 20%, 9Month - 20%, 12Month - 20%.
> It will export
> the RelStrength ranking of any # of symbols to a .csv file. From there
> you can use Excel's
> sort function to rank symbols according to their RS. For use with daily
> bars.
>
> You will have to change the input "FileName" to create the file in the
> directory you
> want it created in.
>
> - Written by Lance Fisher }
>
> Input: MakeFile (False), {Set to true to create .csv file}
> FileName ("C:\Desktop\RelStrength.CSV") ;
>
> Vars: ThreeMonth (00),
> SixMonth (00),
> NineMonth (00),
> TwelveMonth(00),
> RS (00) ;
>
> ThreeMonth = ((Close / Close[60] ) - 1) * 100 ; {Rate of Change%}
> SixMonth = ((Close / Close[120]) - 1) * 100 ; {Rate of Change%}
> NineMonth = ((Close / Close[180]) - 1) * 100 ; {Rate of Change%}
> TwelveMonth = ((Close / Close[240]) - 1) * 100 ; {Rate of Change%}
>
> {Assign weights to ROC look back periods}
> RS = (ThreeMonth * .4) + (SixMonth * .2) + (NineMonth * .2) +
> (TwelveMonth * .2) ;
>
> Plot1(RS, "RS.ibd");
>
> If LastBarOnChart and MakeFile then begin
> FileAppend(FileName, Text(GetSymbolName, ", ", NumToStr(RS, 2)) +
> NewLine) ;
> End;
>
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