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Hello Tim,
Thank you for sharing. Please consider adding your formula
to the AFL on-line library at: http://www.amibroker.com/library/
Best regards,
Tomasz Janeczko
===============
AmiBroker - the comprehensive share manager.
http://www.amibroker.com
----- Original Message -----
From: <timgadd@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Tuesday, November 27, 2001 5:06 PM
Subject: [amibroker] Exploration for Relative Strength Setups
> For those Amibroker users who use Relative Strength chart analysis,
> here's an exploration I use to identify issues that are making
> anomolous relative strength moves. These are not buy/sell signals,
> but entry setups. Once identified, I then look at the price and
> relative strength comparative charts for the actual entry decisions
> using good old chart analysis. The object is to identify new market
> leaders when they begin to make their move.
>
> The first part of the filter identifies those issues that are
> outperforming a broad market index over the period (T). I select a
> period based on trend characteristics of the index.
>
> The second part of the filter identifies when the relative strength
> comparative line has made a 1, 2, 3, or 4 day change that is one and
> one-half times greater than the average of the absolute values of the
> 1, 2, 3, or 4 day relative strength changes over the period (T). Note
> that the relative strength comparative line does not necessarily use
> the same broad market index as used in the first part of the filter.
>
> The third part of the filter identifies when the 1, 2, 3, or 4 day
> price rate of change is one and one-half times greater than the
> average of the absolute values of the 1, 2, 3, or 4 day price ROC over
> the period (T).
>
> I'd love to hear how others are using Amibroker for relative strength
> analysis.
>
> Tim Gadd
>
> ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
>
> // Relative Strength Setups - Tim Gadd
>
> T = 46;
> RS = RelStrength("");
>
> Filter = ROC(C,T) >= ROC(Foreign("^VAY","Close"),T) OR
>
> (((ROC(RS,1)/MA(abs(ROC(RS,1)),T)) > 1.5 OR
> (ROC(RS,2) / MA(abs(ROC(RS,2)),T)) > 1.5 OR
> (ROC(RS,3) / MA(abs(ROC(RS,3)),T)) > 1.5 OR
> (ROC(RS,4) / MA(abs(ROC(RS,4)),T)) > 1.5)
>
> OR
>
> ((ROC(C,1)/MA(abs(ROC(C,1)),T)) > 1.5 OR
> (ROC(C,2) / MA(abs(ROC(C,2)),T)) > 1.5 OR
> (ROC(C,3) / MA(abs(ROC(C,3)),T)) > 1.5 OR
> (ROC(C,4) / MA(abs(ROC(C,4)),T)) > 1.5));
>
> NumColumns = 9;
>
> Column0 = ROC(C,T);
> Column0Name = "ROC(T)";
>
> Column1 = ROC(C,1) / MA(abs(ROC(C,1)),T);
> Column1Name = "RelROC(1/T)";
> Column2 = ROC(RS,1) / MA(abs(ROC(RS,1)),T);
> Column2Name = "RelRS(1/T)";
>
>
> Column3 = ROC(C,2) / MA(abs(ROC(C,2)),T);
> Column3Name = "RelROC(2/T)";
> Column4 = ROC(RS,2) / MA(abs(ROC(RS,2)),T);
> Column4Name = "RelRS(2/T)";
>
> Column5 = ROC(C,3) / MA(abs(ROC(C,3)),T);
> Column5Name = "RelROC(3/T)";
> Column6 = ROC(RS,3) / MA(abs(ROC(RS,3)),T);
> Column6Name = "RelRS(3/T)";
>
> Column7 = ROC(C,4) / MA(abs(ROC(C,4)),T);
> Column7Name = "RelROC(4/T)";
> Column8 = ROC(RS,4) / MA(abs(ROC(RS,4)),T);
> Column8Name = "RelRS(4/T)";
>
>
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
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