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Harley:
Since the data is smoothed with a short term moving average, the effect of
any jump in the S&P would be modified by the moving average. I took the
comparative rel str of the S&P vs Nasdac and of the comparative rel str of
Nasdac vs S&P, both are smooth curves. This sort of jump has occured on
several different days with a few stocks, and only with the S&P-500. The
comparative rel str of any stock vs Nasdac is always a smooth curve.
I dont see how to use your second suggestion. V 5.11 does have the P
function. Without it we wouldn't be able to have the comparative rel str
template. The template apparently tags the location of the S&P and Nasdac
indexes so that it is not necessary to have these indexes in each
directory. I am pleased and impressed that Metastock does this. The flip
side is that I cant seem to be able to use the comparative rel str curve as
an indicator in an exploration.
I do appreciate your effort. This is probably the first time that I have
not been able to apply one of your suggestions. Perhaps I'm missing
something.
Warm personal regards
Lionel
At 07:43 PM 6/18/97, Harley Meyer wrote:
>Answer to first question:
>
>The Jump can occur because both price maybe moving in opposite directions.
>
>Lets say that the S&P has data points 1,2,3,4,5,6,7,....
>
>Lets say that company has data points 2,4,6,8,10,12,14,....
>
>So the comparative relative strength is company/S&P.
>
>SO for the first day we have 2/1 = 2
>2nd day 4/2 = 2
>3rd day 6/3 = 2
>
>So this says that the company is moving twice as fast as the S&P.
>
>So how could we get a jump up. Either the S&P fell so if instead on the
>3rd day we had 6/1 = 6 would make it jump up. Or a jump could be from the
>company price jumping up. So on the 3rd day we could have 18/3 = 6 which
would
>give a jump up.
>
>Finally we could have the company move up a little and the S&P fall a
little so
>ont the third day we could have 12/2 = 6. Which could give the jump up. Of
>course yo could have jump downs as well.
>
>I hope you get the idea of how the comparative relative strength works.
>
>
>Question two:
>
>You can do this with the P indicator in 6.0. Not sure about 5.11. If you
have a
>P indicator then you can do what you want todo.
>
>Harley Meyer
>
>
>On Wed, 18 Jun 1997 11:24:32 -0500,
>Lionel Issen wrote...
>>I need some help.
>>
>>First question
>>
>>I followed Clive Roffey's suggestion and Equis' procedure to creat a
>>comaparative relative strength template. What I did however was to have 2
>>windows, one with NASDAC and one with S&P 500. I added a short moving
>>average to smoothe out the curve.
>>
>>The problem is that while the comparative relative strength with NASDAC is
>>always smoothe, the one with the S&P 500 sometimes showes a jump up or down
>>at the most recent date. I've checked the data and it seems all right.
>>
>>Two stocks where this occurred, a jump up of the compative rel str curve
are:
>>Albermarle copr ALB, and Borg Warner Securities BOR.
>>
>>Second Question
>>
>>In an exploration I'd like to use the roc of the moving average of the
>>comparative relative strength curve, but because of the way that it is
>>created, I cant seem to get Metastock V 5.11 to do this. I could do this
>>making files of composite securities, but I'm getting short of space on my
>>hard drive.
>>
>>Any suggestions?
>>
>>thanks
>>
>>Lionel
>>
>>
>
>Harley Meyer
>meyer093@xxxxxxxxxx
>
>
>
>
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