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Have tried to follow these instructions but without success. What I did
find out is that the horizontal line plotted on the composite indicator
correctly calculates the Breadth Thrust indicator for day 10 of the
displayed data, but then plots this same value for subsequent days. If
the Breadth Thrust is dropped on the base security a horizontal line
with a value of 1 is produced as would be expected. The value of the
horizontal line, when the indicator is dropped on the composite, depends
upon the the value of the first 10 days of data displayed.
I have varied the formula; mov(P,3,S) or more simply S and in the first
case I received a horizontal line with a value of the average of the 1st
three values of the displayed composite. The line starts at the 3rd day
of data and continues at that value. In the second instance the value of
the horizontal line is equal to the 1st displayed value of the composite
and continues at that value; does not update each successive day.
I have no problem dropping the Breadth Thrust indicator or any indicator
referencing P on an indicator that is part of the base security and
obtaining a plot that varies but when I drag any security from one chart
to another and drop a custom formula which contains P on the non-base
security I get a horizontal line with a correct value for the 1st group
of data but all subsequent values are not computed. I drag the security
into its own window, blow up this window to cover the entire screen and
put handles on the plot and am never able to get anything but a
horizontal line whose 1st value is correct.
Metastock List wrote:
>
> Bill,
>
> Lets discuss "file format" first. The format being mentioned is only
> the Smart Chart. It has nothing to do with the data. The program will
> create a "new" Smart Chart and basically it is telling you that this
> Smart Chart will not be available to version 5.x. So, whenever you want
> to view an existing Smart Chart in 6.0 just open it normally. No
> conversion required.
>
> The instructions on the web are correct.
>
> ((((Create a composite security of the Advancing Issues + Declining
> Issues in The DownLoader
> In MetaStock open a chart of the composite and a chart of the Advancing
> Issues.
> Tile the charts so you can see both of them on the screen.
> Drag the plot of the composite into the chart of the Advancing Issues.
> [added by Equis Support "You may want to create a new inner window for
> ease of viewing"]
> Create the custom indicator: mov( C / P, 10, S ), then plot it on top of
> the plot of the composite (the composite's plot will turn a purplish
> color ). If you get a flat line then it was not plotted directly on top
> of the composite's plot.
> You can then right-click on the Breadth Thrust, select Breadth Thrust
> Properties, go to the Horizontal Lines page and add horizontal lines at
> 40 and 60. ))))
>
> I think I now understand what you are having a problem with. I added a
> few words to the web instructions and reiterate them here. When you
> drag the plot of the composite into the chart of the advances, I suggest
> you create an inner window for it. Then, when you drop the Breath
> Thrust formula on the composite plot (indicator) it is easy to see it
> change colors and the Breath thrust plot will be in the window with the
> composite and becomes quite obvious.
>
> If you want to show all three plots in the same inner window, I suggest
> you change the color of the composite so that it shows up since it will
> likely be a very close plot to the advances itself. Then when you drop
> the Breath Thrust custom indicator be very careful that the composite
> changes colors to purple. The custom plot will become obvious (overlay
> without scale).
>
> I hope this helps.
>
> Equis Support
>
> > -----Original Message-----
> > From: billblue [SMTP:billblue@xxxxxxxxxxx]
> > Sent: Friday, May 16, 1997 7:47 AM
> > To: metastock-list@xxxxxxxxxxxxx
> > Subject: Breadth Thrust--Reply to Equis Support
> >
> > If the formula is drawing a flat line, then you are dropping it on the
> > advances, and not the composite itself which in this case is
> > considered
> > P. I just plotted per the instructions again and they are correct as
> > written.
> >
> > After you drag the advancing issues line into the composite chart,
> > select it so that it has handles. Then when you drop the formula, you
> > can watch for the line with the handles to turn colors.
> >
> > Equis Support
> > -------------
> > -------------
> > I tried the instructions again and still received a horizontal line.
> > In
> > fact if I dropped the indicator on first the composite and then the
> > advances I received a horizontal line for each but with different
> > values.
> > I noticed that you said that the Advancing Issues should be dragged
> > into
> > the composite. The instructions indicate the opposite, drag the
> > Composite into the Advances Issues chart. When I tried your suggestion
> > of dragging the Advancing Issues into the composite, I still received
> > a
> > horizontal line when I dropped the indicator on to the composite, but
> > this makes sense. However, when I dropped the indicator on to the
> > Advancing Issues plot I did get a varying indicator. This indicator
> > was
> > the opposite(Composite/Advancing) from what was
> > desired(Advancing/Composite). If I change the indicator to
> > mov(P/C,10,S)
> > and drop it onto the Advancing Issues, which has been dragged onto the
> > composite, I seem to get a proper chart.
> > I tried to use this method with other charts; open Declining Issues
> > and
> > then Advancing Issues and dragging one on to the other and then
> > applied
> > the Breadth Thrust indicator but the indicator again plotted as a
> > horizontal line. When I opened the Declining Issues chart the program
> > told me that the chart was in MS 5.0 format. When I had created the
> > composite chart I don't recall being prompted about the file format so
> > I
> > wonder if part of the problem has to do with combining file formats. A
> > more important issue regarding file format is how to convert large
> > numbers of charts stored in MS 5.0 to MS 6.0. I have copied large
> > quantities of files from my Reuters CD to my hard drive. All of these
> > are in MS 5.0 format. Is there a way to convert these charts to MS 6.0
> > without individually opening each chart. Can the downloader convert
> > from
> > one type of MS file to another?
> > Thanks, Bill
<x-html><BASE HREF="file:///F|/Equis/MSWIN/Breadth Thrust.htm">
<!DOCTYPE HTML PUBLIC "-//IETF//DTD HTML//EN">
<html>
<head>
<title>HTML document for the World Wide Web</title>
<meta name="GENERATOR" content="MetaStock 6.0">
</head>
<body>
<h2 align=center>NYSE Advancing Issues & Volume<br>
(X.NYSE-A) </h2>
<p align=center><img src="Breadth Thrust.jpg" align=bottom> </p>
<h3 align=center>Data for 04/04/97 </h3>
<div align=center><center>
<table border=1 ALIGN="CENTER">
<tr><td><table ALIGN="CENTER">
<tr><td><font FACE="Arial"><font color="#000000">Exp Trend</font></font></td><td><font FACE="Arial"><font color="#000000">N/A</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Open</font></font></td><td><font FACE="Arial"><font color="#000000">1,406.00</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">High</font></font></td><td><font FACE="Arial"><font color="#000000">1,406.00</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Low</font></font></td><td><font FACE="Arial"><font color="#000000">1,406.00</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Close</font></font></td><td><font FACE="Arial"><font color="#000000">1,406.00</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Volume</font></font></td><td><font FACE="Arial"><font color="#000000">3,215,699</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Open Int.</font></font></td><td><font FACE="Arial"><font color="#000000">0</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Price Chg.</font></font></td><td><font FACE="Arial"><font color="#000000">511.0</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">X.NYSE-D</font></font></td><td><font FACE="Arial"><font color="#000000">IndicatorName</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Open</font></font></td><td><font FACE="Arial"><font color="#000000">1,048.00</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">High</font></font></td><td><font FACE="Arial"><font color="#000000">1,048.00</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Low</font></font></td><td><font FACE="Arial"><font color="#000000">1,048.00</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Close</font></font></td><td><font FACE="Arial"><font color="#000000">1,048.00</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Volume</font></font></td><td><font FACE="Arial"><font color="#000000">1,642,989</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Open Int.</font></font></td><td><font FACE="Arial"><font color="#000000">0</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Price Chg.</font></font></td><td><font FACE="Arial"><font color="#000000">-,509.0</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Breadth </font></font></td><td><font FACE="Arial"><font color="#000000">0.810148</font></font> </td></tr>
</table>
</td></tr>
</table>
</center></div>
</body>
</html>
</x-html>From ???@??? Sun May 18 22:01:55 1997
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Resent-Date: Sun, 18 May 1997 19:41:21 -0600
Date: Mon, 19 May 97 01:23:13 UT
From: "Al Dharsee" <Dharsee@xxxxxxx>
Message-Id: <UPMAIL11.199705190126140441@xxxxxxx>
To: "Jim Greening" <JimGinVA@xxxxxxx>,
"Metastock-list @ metastock.com"
<Metastock-list@xxxxxxxxxxxxx>
Subject: RE: Weekly Pick 05/16/97
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----------
From: Jim Greening
Sent: Sunday, May 18, 1997 8:59 PM
To: Al Dharsee
Subject: RE: Weekly Pick 05/16/97
Hi Jim:
I just saw a post on the Pisces Bulletin Board mentioning a breakout from a
several month long inverted Head & Shoulders pattern for Filenes Basement
(BSMT). What's your opinion on this stock? Pisces, for those that don't know
claims to be the largest Metastock Users Group in the World!. They also are a
supplier of data on about 2,000 US Stocks and all the commodities. Data goes
back 10 to 15 years for most commodities and about 10 years for stocks. The
download is super fast and takes about 2 minutes for daily update of about
2,000 stocks. A BBS and weekly newsletter with Metastock charts showing what
indicators were used to buy or sell certain stocks is also included. Price for
the service is an annual membership fee of $200 which in my opinion is
excellent for the quality and speed of the data. Details can be obtained by
calling Fred at 713-281-6945.
Regards
Al
----------
From: Jim Greening
Sent: Saturday, May 17, 1997 12:21 PM
To: Metastock List
Subject: Weekly Pick 05/16/97
All,
I've finished my weekly MetaStock tests and came up with several new
additions to my watch lists. For example, I like AccuStaff and Tosco Corp but
I want a high tech to replace ASND that I was stopped out of this week and
they don't fill that bill. In thinking of high tech, I wanted a theme to go
with as well as a good stock. I'm convinced that the semiconductor industry
has put their pricing and capacity problems behind them and should have a few
years before facing them again. However, the good semiconductor companies
like Intel already have a lot of that priced in. Therefore, I decided to look
at the small cap companies that support and supply the semiconductor
fabricators. I came up with one of my old favorites LTX Corp (LTXX). LTX
designs, manufactures, and markets automatic test equipment to test digital,
linear, and mixed signal integrated circuits and discrete semiconductor
components. They suffered during the last year as the semiconductor
fabricators worked their way through their problems, but should benefit from
the coming switch over to the next generation semiconductors.
LTX at 5.562 is in a Short Term Up Trend Channel (STUTC) with the top at
6.55 and the bottom at 5.40. This channel is based on limited data since a
triple bottom around four two weeks ago and I don't trust it yet. However, I
do believe that the triple bottom will hold. LTX has good fundamentals with a
0.83 price to sales ratio; 0.25 debt to equity ratio; 24% insider ownership;
and revenue growth over 25% last year. Earnings are negative due to a 9.3
million inventory write off and a 6.8 million charge for product line
restructuring. That should have cleared the decks, time will tell. It broke
out of an intermediate term down trend last November and has essentially been
moving sideways since then with a short term up trend followed by a short term
down trend. The short term down trend was broken Tuesday. It is also in a
long term down trend channel with the top at 8.29, but that gives it enough
room for a good profit before hitting that resistance. I got a MetaStock
RSquared, LinRegSlope, CCI on 5/12/97 just before the short term down trend
breakout. RSquared is at 0.76 and rising indicating a strong trend is
forming. S/C and CCI are positive and rising indicating that the trend is up.
I'm going to open a position Monday. I'll set the initial target at just
under the long term down trend channel at 8 and the initial stop just under
the triple bottom at 3.75.
I'll send a LTXX.GIF chart to everyone on the e-mail list. If you're not
on and want on, just yell. The only obligation is participation in this
e-mail forum.
Jim
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