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<font size=2 color="#993366"
face=Arial><span style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:
Arial'>Kent,
<font size=2 color="#993366"
face=Arial><span style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:
Arial'>
<font size=2 color="#993366"
face=Arial><span style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:
Arial'>If the issue was just trying to calculate advances and declines I wouldn’t
have bothered to posting to the list. However, if you want to do a little experiment
take an excel sheet and run a stream securities and calculate the range from
the prior days close and then compare it to one calculated from the high of the
range of each bar… You will find your missing a lot of market action that is
not present or is lagged. That is why I am trying to find another method. Add
cap weighting and you have another animal altogether…. <span
style="mso-spacerun: yes">
<font size=2 color="#993366"
face=Arial><span style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:
Arial'>
<font size=2 color="#993366"
face=Arial><span style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:
Arial'>
<font size=2 color="#993366"
face=Arial><span style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:
Arial'>Duke
<font
color="#993366">"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:#993366;mso-color-alt:windowtext'>
<span
class=EmailStyle20><span
style='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial'>
<font size=2 color=black
face=Tahoma>-----Original
Message-----
From: Kent Rollins
[mailto:kentr@xxxxxxxxxxxxxx]
Sent: Thursday, June 27, 2002 1:57
PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT]Group Breadth
<span
style='font-size:12.0pt'>
<font size=2 color=black
face="Times New Roman">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.<font
color=black>
<font size=3 color=black
face="Times New Roman"> <font
color=black>
<font size=2 color=black
face="Times New Roman">Range of
prices and highest-highs don't come into play.<span
style='color:black;mso-color-alt:windowtext'>
<font size=3 color=black
face="Times New Roman"> <font
color=black>
<font size=2 color=black
face="Times New Roman">Kent<font
color=black>
<font size=3 color=black
face="Times New Roman"> <font
color=black>
<font size=3 color=black
face="Times New Roman"> <font
color=black>
<font size=2 color=black
face=Arial>-----
Original Message -----
<font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black;
mso-color-alt:windowtext'>
<font size=2
color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black;font-weight:bold'>From:<font size=2 color=black
face=Arial> <a
href="mailto:Duke.Jones@xxxxxxxxxxxxxxxxxxxxxx";
title="Duke.Jones@xxxxxxxxxxxxxxxxxxxxxx">Duke Jones - Portfolio Manager <font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black;mso-color-alt:windowtext'>
<font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>To:<span
style='font-size:10.0pt;font-family:Arial;color:black'> <a
href="mailto:realtraders@xxxxxxxxxxxxxxx"; title="realtraders@xxxxxxxxxxxxxxx">realtraders@xxxxxxxxxxxxxxx
<span style='font-size:10.0pt;
font-family:Arial;color:black;mso-color-alt:windowtext'>
<font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Sent:<span
style='font-size:10.0pt;font-family:Arial;color:black'> Thursday, June 27, 2002
11:19 AM<span
style='font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:windowtext'>
<font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black;
font-weight:bold'>Subject:<font size=2 color=black
face=Arial> RE:
[RT]Group Breadth<span
style='font-size:10.0pt;font-family:Arial;color:black;mso-color-alt:windowtext'>
<font size=3 color=black
face="Times New Roman"> <font
color=black>
<font
size=2 color=navy face=Arial><span style='font-size:10.0pt;mso-bidi-font-size:
12.0pt;font-family:Arial'>I am sorry if this is a duplicate as I also sent this
to the Omega list looking for help…
<font
size=2 color=navy face=Arial><span style='font-size:10.0pt;mso-bidi-font-size:
12.0pt;font-family:Arial'>
<font
size=2 color=navy face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:navy'>I have been pondering the idea of trying to enhance
oddball and other<span
style='font-size:10.0pt;font-family:"Courier New";color:black;mso-color-alt:
windowtext'>
<font
size=2 color=navy face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:navy'>breadth based systems by trying to code customs
groups. I thought I would<font size=2 color=black
face="Courier New"><span style='font-size:10.0pt;font-family:"Courier New";
color:black;mso-color-alt:windowtext'>
<font
size=2 color=navy face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:navy'>see if I could pick the brains of the group here in
regards to ideas on<span
style='font-size:10.0pt;font-family:"Courier New";color:black;mso-color-alt:
windowtext'>
<font
size=2 color=navy face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:navy'>calculating intraday breadth. One of the problems I
am having is trying to<span
style='font-size:10.0pt;font-family:"Courier New";color:black;mso-color-alt:
windowtext'>
<font
size=2 color=navy face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:navy'>calculate the range of prices on an intraday basis.
If the highs and lows<span
style='font-size:10.0pt;font-family:"Courier New";color:black;mso-color-alt:
windowtext'>
<font
size=2 color=navy face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:navy'>etc of each security happened to fall all on the same
bar not a problem...<span
style='font-size:10.0pt;font-family:"Courier New";color:black;mso-color-alt:
windowtext'>
<font
size=2 color=navy face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:navy'>:)<font size=2 color=black
face="Courier New"><span style='font-size:10.0pt;font-family:"Courier New";
color:black;mso-color-alt:windowtext'>
<font
size=2 color=black face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:black'> <font
size=2 color=black face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:black;mso-color-alt:windowtext'>
<font
size=2 color=navy face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:navy'>However, trying to find a way build a realistic chart
is escaping me. Do you<span
style='font-size:10.0pt;font-family:"Courier New";color:black;mso-color-alt:
windowtext'>
<font
size=2 color=navy face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:navy'>take the highest high for the bar or do you take the
highest high for the<span
style='font-size:10.0pt;font-family:"Courier New";color:black;mso-color-alt:
windowtext'>
<font
size=2 color=navy face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:navy'>day and keep that unit price etc. Since we are
talking multiple securities<font size=2 color=black
face="Courier New"><span style='font-size:10.0pt;font-family:"Courier New";
color:black;mso-color-alt:windowtext'>
<font
size=2 color=navy face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:navy'>this can become complex. In plotting a quick excel
version the range of<span
style='font-size:10.0pt;font-family:"Courier New";color:black;mso-color-alt:
windowtext'>
<font
size=2 color=navy face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:navy'>prices can begin to differ quickly based on the
method used. Anyone have any<font size=2 color=black
face="Courier New"><span style='font-size:10.0pt;font-family:"Courier New";
color:black;mso-color-alt:windowtext'>
<font
size=2 color=navy face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:navy'>ideas or sources they could recommend?<font
size=2 color=black face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:black;mso-color-alt:windowtext'>
<font
size=2 color=black face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:black'> <font
size=2 color=black face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:black;mso-color-alt:windowtext'>
<font
size=2 color=navy face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:navy'>Thanks<font size=2 color=black
face="Courier New"><span style='font-size:10.0pt;font-family:"Courier New";
color:black;mso-color-alt:windowtext'>
<font
size=2 color=black face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:black'> <font
size=2 color=black face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:black;mso-color-alt:windowtext'>
<font
size=2 color=navy face="Courier New"><span style='font-size:10.0pt;font-family:
"Courier New";color:navy'>Duke<font size=2 color=black
face="Courier New"><span style='font-size:10.0pt;font-family:"Courier New";
color:black;mso-color-alt:windowtext'>
<font
size=2 color=navy face=Arial><span style='font-size:10.0pt;mso-bidi-font-size:
12.0pt;font-family:Arial'>
<font
size=2 color=navy face=Arial><span style='font-size:10.0pt;mso-bidi-font-size:
12.0pt;font-family:Arial'>
<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:black;mso-color-alt:windowtext'>
<font
size=2 color=navy face=Arial><span style='font-size:10.0pt;mso-bidi-font-size:
12.0pt;font-family:Arial'>
<font size=2 color=black
face=Tahoma>-----Original
Message-----
From: Wong
[mailto:whs@xxxxxxxxxxxx]
Sent: Monday, June 17, 2002 5:32
PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] paintbar indicator<font
color=black>
<font size=3 color=black
face="Times New Roman"> <font
color=black>
<font size=2 color=black
face="Courier New"><span style='font-size:10.0pt;font-family:"Courier New";
color:black'>Hi All:<font size=2 color=black
face="Courier New"><span style='font-size:10.0pt;font-family:"Courier New";
mso-fareast-font-family:"Courier New";color:black'>
Here's a paintbar indicator based on the article "The Lazy Man's Guide
to
Long-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 your
returns by using this simple technnique ... This simple method has
captured above 90% of the entire gain of the Dow Jones Idnustrial Average
since 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
low
for the year is BELOW the low for the previous year, and the lower low
PRECEDED the higher high, this suggests that the market has completed a
correction and is poised to move higher. As such, conditions are
favorable
for 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] and
lowest(l,period)<lowest(l,period)[period] and
close>=(highest(h,period)[1]+lowest(l,period)[1])/2 and
close>=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 daily
charts 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
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