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Many thanks for your help, Ant
Kind regards
Russ
--- Anthony Faragasso <ajf1111@xxxx> wrote:
> Hi Russ,
>
> Here is a start, check the attached file.
>
> Anthony
>
> Russ Ty wrote:
>
> > Hi all,
> >
> > Is there anyway to combine two different
> indicators on
> > one chart. For example, to pinpoint where we are
> in
> > the business cycle, I would like to combine two
> trend
> > deviations (see prior mails) on one chart. One for
> an
> > inflationary stock and another for a deflationary
> > stock - a type of relative strength analysis - and
> > compare their individual peaks and troughs at the
> same
> > time.
> >
> > Furthermore, is there anyway to apply indicators
> to
> > other indicators rather than the price graph e.g.
> can
> > I plot a ROC chart or a trend deviation for a
> relative
> > strength analysis of a bank vs a gold share?
> >
> > kind regards
> > Russ
> >
> > __________________________________________________
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> >
> >
> >
> > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > Relative Performance charts
>
>
> In "Relative Performance Charting" article, Phil
> Doyle presented a technique for comparing relative
> percentage rate of change
> of many securities on the same chart. Article
> presents two versions of these charts: basic
> comparison chart and baseline
> performance chart. Both kinds can be easily
> implemented using AmiBroker 3.60 and its built-in
> foreign() function. To recreate
> basic relative performance chart in AmiBroker just
> select Indicator Builder from Analysis menu and
> enter the following code:
>
> /* Relative Performance charts
> ** AFL implementation by Tomasz Janeczko
> **
> ** Use Automatic scaling, Grid: Percent,
> Limits, Middle
> **
> ** This example plots 4 lines
> ** bold red - currently selected ticker
> ** blue - DJIA
> ** black - IBM
> ** green - MSFT
> ** you can of course change the tickers as you
> wish
> */
> maxgraph = 4; // as many as you wish to use
> startpoint = 10; // the start point of
> comparision will be 10th bar
> price = close;
> graph0 = 100 * ( price/ValueWhen( cum(1) ==
> startpoint, price ) - 1 );
> graph0style = 4;
> // you can change the ticker below
> price = foreign("^DJI", "C");
> graph1 = 100 * ( price/ValueWhen( cum(1) ==
> startpoint, price ) - 1 );
> graph1style = 1;
> // you can change the ticker below
> price = foreign("IBM", "C");
> graph2 = 100 * ( price/ValueWhen( cum(1) ==
> startpoint, price ) - 1 );
> graph2style = 1;
> // you can change the ticker below
> price = foreign("MSFT", "C");
> graph3 = 100 * ( price/ValueWhen( cum(1) ==
> startpoint, price ) - 1 );
> graph3style = 1;
> graph3color = 6;
>
>
>
> The formula uses ^DJI, IBM and MSFT tickers that are
> compared to currently selected stock. You can of
> course modify those
> ticker names to match your local exchange or add if
> you want a wider group to be included on the chart.
> The picture below
> shows proper settings of Scaling and Grid lines for
> Relative Performance charts.
>
>
>
> Once you entered the formula and set scaling/grid as
> shown, you just need to click on Apply and the chart
> will appear in a new
> pane.
>
> A slightly more advanced version of Relative
> Performace Chart is a baseline version that displays
> the performance of several
> securities compared to one "base" security (in the
> example below this is ^DJI) - showing exactly what
> stocks outperform or
> underperform the base stock/index. The formula for
> the baseline relative performance chart is as
> follows:
>
> /* Baseline Relative Performance charts
> ** with ^DJI as a base line
> ** AFL implementation by Tomasz Janeczko
> **
> ** Use Automatic scaling, Grid: Percent,
> Limits, Middle
> **
> ** This example plots 4 lines
> ** bold red - currently selected ticker
> ** blue - DJIA - Base Line
> ** black - IBM
> ** green - MSFT
> ** you can of course change the tickers as you
> wish
> */
> maxgraph = 4; // as many as you wish to use
> startpoint = 10; // the start point of
> comparision will be 10th bar
> // here is a base line
> price = foreign("^DJI", "C");
> baseline = 100 * ( price/ValueWhen( cum(1) ==
> startpoint, price ) - 1 );
> price = close;
> graph0 = 100 * ( price/ValueWhen( cum(1) ==
> startpoint, price ) - 1 ) - baseline;
> graph0style = 4;
> // base line chart (flat line)
> graph1 = baseline - baseline;
> graph1style = 1;
> // you can change the ticker below
> price = foreign("IBM", "C");
> graph2 = 100 * ( price/ValueWhen( cum(1) ==
> startpoint, price ) - 1 ) - baseline;
> graph2style = 1;
> // you can change the ticker below
> price = foreign("MSFT", "C");
> graph3 = 100 * ( price/ValueWhen( cum(1) ==
> startpoint, price ) - 1 ) - baseline;
> graph3style = 1;
> graph3color = 6;
>
>
>
> The settings for this version are the same as shown
> above. Below you will find the picture that shows
> the result of applying the
> formula to Philip Morris (MO) stock. It clearly
> shows that MO outperforms Dow Jones average by more
> than 40% in 7 month
> period.
>
>
>
> Volume Weighted Average Price Support/Resistance
>
>
>
> A second article in the May 2001 issue of Technical
> Analysis of Stocks and Commodities presents the
> method of computing
> support and resistance curves based on
> volume-weighted average price. In the article author
> suggest to enter peak and trough
> points by hand. The formula presented below takes
> more automatic approach - it finds the highest high
> and lowest low for
> given stock automatically and uses that points for
> calculations without the need to enter them
> manually:
>
> /* Volume Weighted Average Support/Resistance
> lines */
> /* From May 2001 issue of TASC */
> /* AFL implementation by Tomasz Janeczko */
> /* black line represents closing price */
> /* red - VWAP Support line */
> /* blue - VWAP Resistance line */
> /* Starting point for support/resistance lines
> */
> /* are calculated from highest and lowest
> history prices */
> /* You can of course choose other points if you
> wish */
> trbar = LastValue( Lowest( L ) ) == L;
> pkbar = LastValue( Highest( H ) ) == H;
> avgprice = ( High + Low )/2;
> pv = avgprice * V;
> cumpv = Cum( pv );
> cumv = Cum( V );
> MRes = IIF( BarsSince( pkbar ), ( cumpv -
> ValueWhen( pkbar, cumpv ) ) / ( cumv -
> ValueWhen( pkbar, cumv ) ), avgprice );
> MSup = IIF( BarsSince( trbar ), ( cumpv -
> ValueWhen( trbar, cumpv ) ) / ( cumv -
> ValueWhen( trbar, cumv ) ), avgprice );
>
> graph0 = MSup;
> graph1 = MRes;
> graph2= close;
> graph2style = 64;
>
>
> Again one should use Automatic scaling for this
> formula in Indicator Builder.
>
> Tomasz Janeczko,
> amibroker.com
>
__________________________________________________
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