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Patrick and Dan - I stand corrected and
appreciate the very thorough analysis and discourse on your
parrt - an excellent use of the forum.
Correctly I should have said -TC2000
for simple and quick scans, reliable data feed but weak mutual fund data and market
breadth.
QP3 has both and a great depth of what
I'm calling market internals or breadth
data for all US markets., advance/declines, high/lows, up /down
volumes.
For other indices like R2000, I
have to develop and run daily as
composites.
However I should ask, how do you get a
comparable organization of industry groups in AB if you
don't have TC2000 as your data feed?
On the plus side for AB don't forget the
backtesting and optimization with native AB optimization
or with the optimizer called IO by
Fred Tonetti.
Best regards
JOE
----- Original Message -----
Sent: Monday, June 20, 2005 10:49
PM
Subject: Re: [amibroker] TC2005 &
Amibroker
Hi all,
I have to agree with Dan -- TC2005 is ok for
data, and perhaps some very
simple fast sorts.
I use ATR as an
indicator of preference for sorting -- in AB it's built in
and I can build
complex varieties of AA output based on it. In TC2005, it's
about
32+ operations of code to produce an ATR(10). Then there's ADX (not
available for scans, just sorting on their static indicator), and
CCI,
forget it, etc. I too do some stuff like Dan discribes, but
only in AB as
TC2005 won't support it. If any further plug for AB is
needed, I'll note
that one can automate the output from the exploration or
scan to a watchlist
as part of the code.
So for research,
sophisticated scans and ease of use (once you learnit), AB
is a no
brainer. Too bad one can't just buy TC2005 data at a discount
without the charts, etc., as it generally is good data (a few minor
exceptions of course). Still it's not that expensive -- my
commissions are
an order of magnitude greater each month, sometimes
two.
Peace and Justice --- Patrick
(Dan
- we'll see how this post does for time, I saw your last was only about
8
min delayed)
----- Original Message -----
From: Dan Clark
To:
amibroker@xxxxxxxxxxxxxxx
Sent: Monday, June 20, 2005 8:02 PM
Subject:
RE: [amibroker] TC2005 & Amibroker
I have to disagree a bit
with Joe.
I agree if all you want to do is perform BASIC scans and
filters. Very
basic!
But the problem with TC is
that you quickly run into a wall.
For example, using Linear Regression
lines, I perform a scan where:
1) the stock is in a list of tradable
symbol and
2) the long term trend of a symbol is up, and
3) the short
term trend is down, and
4) the short term trend of Twiggs Money Flow is up
(divergence), and
5) the symbol is NOT in a list of manually excluded
symbols, and
6) the symbol is NOT already in a target short list
7) the
symbol is NOT already in a target long list.
I tried this in
TC.
Number 1 is easy.
Numbers 2, 3 and 4 (using Money Stream
instead) are a 19 step manual
process!!!
Numbers 5, 6 and 7 are NOT
possible!!!
TC has its benefits. But sophisticated scanning is
NOT one of them.
As you probably already figured out, I use TC for data
only.
Regards,
Dan.
From:
amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On Behalf
Of
Joe Landry
Sent: Monday, June 20, 2005 4:59 PM
To:
amibroker@xxxxxxxxxxxxxxx
Subject: Re: [amibroker] TC2005 &
Amibroker
If all you want to do is scans/filters then TC2005 will
be all you need.
However if you ever want to backtest or use a custom
indicator that the
Worden brothers didn't include in their
package then
you're out of luck.
When I subscribed to TC2000 it was for the data,
preliminary scans, and
industry groups. Now I'm using
QP3, quotes
plus 3 for mutual funds and stocks for less than TC2000, but I
don't get
intraday delayed quotes
on stocks. I do get realtime data from my
broker but I can't run the signal
routines that will tell me if a signal
will
trip before the close.
Best regards
JOE
----- Original
Message -----
From: skilletlicqor
To:
amibroker@xxxxxxxxxxxxxxx
Sent: Monday, June 20, 2005 6:42 PM
Subject:
[amibroker] TC2005 & Amibroker
I notice there are a number of users
of both TC2005 and Amibroker. I
currently use TC2005 and am on the
trial month for Amibroker. I'm
very impressed with Amibroker and
wonder what those of you who use
both do in TC2005 that you can't do in
Amibroker. Or is TC2005 just
for the data? I haven't worked with AFL
much but I assume that it is
capable of performing any scans that I can do
with TC2005. Is this
not the case?
I'm on a tight budget and can
probably only afford one of these
programs right now.
Thanks for
replies.
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