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OddBall is based on market breadth. Market breadth takes
each stock in a portfolio and decides whether it is above/at/below from it's
previous close. After summing all stocks for this criteria, you have an
"Advancing" count, an "Unchanged" count, and a "Declining" count.
Range of prices and highest-highs don't come into
play.
Kent
----- Original Message -----
From: <A
href="mailto:Duke.Jones@xxxxxxxxxxxxxxxxxxxxxx";
title=Duke.Jones@xxxxxxxxxxxxxxxxxxxxxx>Duke Jones - Portfolio Manager
To: <A href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, June 27, 2002 11:19 AM
Subject: RE: [RT]Group Breadth
<FONT color=navy face=Arial
size=2><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt">I am
sorry if this is a duplicate as I also sent this to the Omega list looking for
help…
<FONT color=navy face=Arial
size=2><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">I have been
pondering the idea of trying to enhance oddball and other<FONT
color=navy face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">breadth based
systems by trying to code customs groups. I thought I would<FONT
color=navy face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">see if I could
pick the brains of the group here in regards to ideas on<FONT
color=navy face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">calculating
intraday breadth. One of the problems I am having is trying
to<SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">calculate the
range of prices on an intraday basis. If the highs and lows<FONT
color=navy face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">etc of each
security happened to fall all on the same bar not a
problem...<SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">:)<FONT
color=navy face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt"> <FONT
color=navy face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">However, trying
to find a way build a realistic chart is escaping me. Do you<FONT
color=navy face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">take the
highest high for the bar or do you take the highest high for
the<SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">day and keep
that unit price etc. Since we are talking multiple securities<FONT
color=navy face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">this can become
complex. In plotting a quick excel version the range of<FONT
color=navy face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">prices can
begin to differ quickly based on the method used. Anyone have
any<SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">ideas or
sources they could recommend?<FONT color=navy face="Courier New"
size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt"> <FONT
color=navy face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">Thanks<FONT
color=navy face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt"> <FONT
color=navy face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy
face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">Duke<FONT
color=navy face="Courier New" size=2><SPAN
style="COLOR: navy; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-color-alt: windowtext">
<FONT color=navy face=Arial
size=2><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt">
<FONT color=navy face=Arial
size=2><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt">
<FONT
color=navy>"The Secret to the Market is Rotation,
Rotation, Rotation." The Frost Sector Rotation Fund is part of the Frost Bank
family of Funds. (CFR-NYSE)<SPAN
style="COLOR: navy; mso-color-alt: windowtext">
<SPAN
class=EmailStyle18><SPAN
style="FONT-FAMILY: Arial; FONT-SIZE: 10pt; mso-bidi-font-size: 12.0pt">
<FONT color=black face=Tahoma
size=2><SPAN
style="COLOR: black; FONT-FAMILY: Tahoma; FONT-SIZE: 10pt">-----Original
Message-----From: Wong
[mailto:whs@xxxxxxxxxxxx]Sent:
Monday, June 17, 2002 5:32 PM<SPAN
style="FONT-WEIGHT: bold">To: realtraders@xxxxxxxxxxxxxxx<SPAN
style="FONT-WEIGHT: bold">Subject: [RT] paintbar
indicator
<FONT face="Times New Roman"
size=3><SPAN
style="FONT-SIZE: 12pt">
<FONT color=black
face="Courier New" size=2><SPAN
style="COLOR: black; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">Hi
All:<SPAN
style="COLOR: black; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-fareast-font-family: 'Courier New'">Here's
a paintbar indicator based on the article "The Lazy Man's Guide
toLong-Term Investing" by Dr. R. M. Sidewitz. The article
appeared on TASC -Nov 2001 - pp 84-85.In his
article, he said: "Are you a buy-and-hold believer? Enhance
yourreturns by using this simple technnique ... This simple
method hascaptured above 90% of the entire gain of the Dow Jones
Idnustrial Averagesince 1920."In his article, he
mentioned 4 scenarios. The last one is:"If the high for
the year is ABOVE the high of the preceding year, the lowfor the
year is BELOW the low for the previous year, and the lower
lowPRECEDED the higher high, this suggests that the market has
completed acorrection and is poised to move higher. As such,
conditions are favorablefor committing
funds."The code I come up with (possibly not exactly
adhered to what he mentioned)is:Input:
period(12);IF highest(h,period)>highest(h,period)[period]
andlowest(l,period)<lowest(l,period)[period]
andclose>=(highest(h,period)[1]+lowest(l,period)[1])/2
andclose>=highest(h,period)[1]*0.95 Then
Begin Plot1(High,"PBHigh");
Plot2(Low,"PBLow"); IF CheckAlert Then Alert =
TRUE;End;I'm attaching the ela and
accompanying Nasdaq daily, weekly and dailycharts with the paintbar
indicator, which I name as "market4".Do whatever you want
to do. If you have a modified/improved version,please let us
know.Regards,Wong<FONT
color=black><FONT color=black
face="Courier New" size=2><SPAN
style="COLOR: black; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt">To unsubscribe
from this group, send an email to:<FONT color=black
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style="COLOR: black; FONT-FAMILY: 'Courier New'; FONT-SIZE: 10pt; mso-fareast-font-family: 'Courier New'">realtraders-unsubscribe@xxxxxxxxxxxxxxx<FONT
color=black><FONT
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