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It's important to follow sectors to see which group
has the momentum and which is out of favor. On one of
my graphs I run the comparison between the price line
vs the group average and/or index.
For me it is better to get a big overall picture by
looking group rotation strenght,
http://tip.wallstreetcity.com/commentary/commentary_group_rotation.asp
and then look for the breakouts coming from the
leading sectors. You can use MFI, ROC or RSC
http://trader.online.pl/MSZ/e-ex-Relative_Strength_of_Stock_to_Index.html
--- Larry Carhartt <lc@xxxxxxxxxxxxxx> wrote:
> Hi Leo,
>
> Should not be too difficult using MetaStock's
> "security" function (although
> I think you will only be able to plot a line chart,
> not a bar or candle
> chart for each ETF). Personally, I like to set one
> custom indicator solely
> for the purpose of defining the issue of interest
> (using the "security"
> function) and then use that indicator in my
> subsequent custom indicators
> (i.e. figuring out the percentage change in your
> case), but that is up to
> you. You can then have as many custom indicators
> reflecting the percentage
> changes in your chart as your CPU and memory allows.
>
> Hope this helps get you started.
>
> Best,
>
> Larry Carhartt
> Index & ETF Component Data
> www.MasterDATA.com
> lc@xxxxxxxxxxxxxx
> 818-701-6686
>
>
>
> -----Original Message-----
> From: leomkarl [mailto:leokarl@xxxxxxxxxxxxxx]
> Sent: Monday, September 06, 2004 4:19 PM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Comparing multiple
> issues by percentage
>
>
> I'm new to metastock and would appreciate assistance
> on how to
> approach the following:
>
> How can I display several stocks on a single chart
> such that the
> relative movement of each stock is shown as relative
> percentage rise
> or fall rather than absolute price. In other
> words, the horzontial
> axis would be time, while the vertical axis would be
> percentage
> movement from the left most point on the chart.
>
> My thought is to show relative performance of
> multiple issues on a
> single chart, and, to be able to change the
> presentation from day to
> day without having a complex rebuilding process.
> It's an effort to
> follow sectors (ETFs) and determine the best and
> worst performers
> over time.
>
> If I should succeed in developing a workable method,
> I would then be
> interested in how to go about running a system test
> --- but, first
> things first.
> Thanks, Leo
>
>
>
>
>
>
>
> Yahoo! Groups Links
>
>
>
>
>
>
>
>
>
=====
Dave Tolbert
Blue Skies!
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