Re: [amibroker] Quotes Plus - Sectors

["Ara Kaloustian" <ara1@xxxxxxxxxx>]

Thanks Duke,

 

Yes I am looking at something very similar to what you are doing ... guess I'll create the sectors using ATCs.  Not the most efficient, but I expect to run this weekly, so no big deal.

 

Ara

 

 

----- Original Message -----

From: Duke Jones, CMT

To: amibroker@xxxxxxxxxxxxxxx

Sent: Sunday, November 06, 2005 7:32 AM

Subject: Re: [amibroker] Quotes Plus - Sectors

Ara,

I might be misinterpreting your question so my apologies if this is not what your asking for....You could use the S&P Select Spyders (XLE - Energy etc.) as your sectors and compare against each stock marked within AB (using Symbol/Categories with XLE as the RS symbol)  or if you have QP data you can build your own sectors and industry group composites and compare against them. I use QP's industry classification but create my own sector hierarchy as in the attached picture which is showing the Banking-Midwest industry group with an RS line measuring against the sector as well as the market. To make all of the indicators easily I use simple symbols like BANK1 (1 always the sector) and BANK2 etc. so that I could "find & replace" in word to make the process easier as I have 25 Sectors and over 200 industry groups.  I then created layouts for each Sector including their corresponding industry groups. I also created a watch list of the industry groups so I can easily run scans on RS rankings Alpha etc.

I am sure there is a better/faster way but this worked for me. Again, not sure this is what your asking but hopefully this may be of some help.

 

Duke Jones, CMT

Ara Kaloustian wrote:

How would one compute Industry Relative Strength relative to Sectors ... since there is sector data in QP... just sector groupings.

 

Compare the Industry values to the Standard and Poors sector values? 

 

Anyone done this ?

 

Thanks

 

Ara

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