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Roy and Harold
Slightly off the topic of this thread, but, I think the security function in
MS Pro can be used to easily create an index (or base) for Comparative
Relative Strength work. For example, take 10 stocks of interest, create your
index, then use the CRS indicator.
How do you do this in MS EOD?
Is the only way to, one by one, build a multi stock composite?
Thanks
David
----- Original Message -----
From: "Roy Larsen" <rlarsen@xxxxxxxxxxxxxx>
To: <Metastockusers@xxxxxxxxxxxxxxx>
Sent: November 23, 2002 6:43 PM
Subject: Re: [Metastockusers] Re: Correlation Exploration?
> Dominick
>
> You can use this sort of code in an MS EOD exploration if you first open
> your reference index (or stock) chart, mark the chart (highlight it), and
> substitute "P" or "INDICATOR" for "Security("C:\metastock data\spy",C)".
> Also be aware that CLOSE is the only price you can pick up from an index
(or
> stock) unless you first create a separate indicator for one or more one of
> the other prices (O,H,L) then drop that on the chart and mark it instead
of
> the base chart.
>
> Another way to select a different price would be to drop a 1 period SMA
onto
> the chart selecting the required price, then mark the SMA so that it is
> picked up by the P (INDICATOR) function.
>
> Roy
>
> > Hi Joe:
> >
> > I tried your formula but it came back as "This function ia available
> > only in MS Pro.
> >
> > Any chance of writing one for verf 7.2 EOD.??
> >
> > TIA,
> >
> > Dominick
> >
> >
> >
> > --- In Metastockusers@xxxx, "Joe J." <jojab@xxxx> wrote:
> > > Harold,
> > >
> > > Here is a correlation formula I used to try and find out how stocks
were
> > > correlated to the SPY. Obviously, you could replace the SPY with your
> > > .IXIC or the QQQ for that matter.
> > >
> > > I decided to see how the 13 periods EMA's of the two correlated rather
> > > than doing a straight correlation thinking this might smooth out one
or
> > > two day swings, here and there.
> > >
> > > I put this in Col A then used the filter to weed out stocks that
didn't
> > > have good average daily volume and meet a certain price range. Then I
> > > simply clicked to sort on the report so I could see the most highly
down
> > > to least correlated.
> > >
> > > From this, you should be able to do what you are looking to do. You
> > > just have to tell it which security you are using as the base and
where
> > > to find it.
> > >
> > >
> > > Mov(
> > > Correl(
> > > Mov(
> > > Security(
> > > "C:\metastock data\spy",C),
> > > 13,E),
> > > Mov(C,13,E),
> > > 2,0),
> > > 100,E)
> > >
> > > Good Trading,
> > >
> > > Joe J.
> > >
> > >
> > > -----Original Message-----
> > > From: hcour
> > > Sent: Fri 11/22/2002 6:04 AM
> > > To: Metastockusers@xxxx
> > > Cc:
> > > Subject: [Metastockusers] Re: Correlation Exploration?
> > >
> > > Thanks Chris, I'm sure FT is great. But I would really have no need
> > > for it other than that and I'm pretty sure this can be done in MS. I
> > > just don't know how. The formula is as follows:
> > >
> > > Correl(DataArray, DataArray, Periods, Shift)
> > >
> > > Now I suppose I would put this in colA with the proper data and then
> > > in the Filter put "cola > .80". But I don't know how to put in
> > > the "proper data" or how to make it reference the index.
> > >
> > > Again, any help appreciated!
> > >
> > > Harold
> > >
> > >
> > > --- In Metastockusers@xxxx, -= Chris ß =- <baudecb1@xxxx> wrote:
> > > > Harold,
> > > >
> > > > FastTrack will do that very quickly. As a matter of fact, that is
> > > one
> > > > of it's main feature.
> > > >
> > > > see: www.fasttrack.net
> > > >
> > > > -= Chris ß =-
> > > > Using FastTrack/FastRUBE/FastTools/Trade/EZPnF/PSM/AmiBroker
> > > > FastBreakPro/SpeedResearch/Agent
> > > > (Moved from MSP to AmiB, and never looked back!)
> > > >
> > > > On Thu, 21 Nov 2002 22:12:32 -0000, you wrote:
> > > >
> > > > > I would like to find stocks that have high correlations to their
> > > > > respective indices. For instance stocks that have a .80 or better
> > > > > correlation to the .IXIC (Nasdaq).
> > >
> > >
> > >
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