Re: [Metastockusers] leads / lags

["Tom Sprunger" <tlsprunger@xxxxxxxxxxx>]

A way to do this, is to  make the close of IBM into and 
indicator and use the REF function to reference back in time.  To do this 
you must have v8.01 or higher of the EOD program or any version of the 
Professional because you  use the Security function.   Versions 
prior to v8.01 EOD should  work using the "P" variable but it is much more 
complicated.
 
Build an indicator, for example call it IBM LEAD
The formula would be:
 
leadbars:=160;  { this is the number of days backward in 
time you want to reference to, i.e 8 months x 20 days}
 
IBMlead:=REF(Security("C:\MetastockData\xxx\IBM", 
C),-leadbars);  {put in the full path name where IBM is 
located}
IBMlead
 
Then plot IBMlead as an indicator on the MSFT 
chart.
 
You will have to be sure to open more than 160 days of data 
for the indicator to display anything.
 
Your indicator will show the closing price of IBM the number 
of days back that you specify on the same bar as the current price of 
MSFT.
 
Tom
 
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  <A title=dusant@xxxxxxxxxxxxxxxxxx 
  href="">Dusant 
  To: <A 
  title=Metastockusers@xxxxxxxxxxxxxxx 
  href="">Metastockusers@xxxxxxxxxxxxxxx 
  
  Sent: Monday, May 24, 2004 1:09 PM
  Subject: Re: [Metastockusers] leads / 
  lags
  
  Jay
  I may be wrong, but I don't think its possible 
  with Metastock.
  Maybe you need to do this kind of study in 
  Excel.
  The other alternative is to study patterns of 
  the correlation indicator.
  DusantChief Architect<A 
  href="">http://www.candlestrength.com/
  <BLOCKQUOTE 
  >
    ----- Original Message ----- 
    <DIV 
    >From: 
    Jay 
    Smith 
    To: <A 
    title=Metastockusers@xxxxxxxxxxxxxxx 
    href="">Metastockusers@xxxxxxxxxxxxxxx 
    
    Sent: Monday, May 24, 2004 11:31 
    PM
    Subject: [Metastockusers] leads / 
    lags
    
    <SPAN lang=EN-US 
    ><FONT 
    face="Times New Roman">Using the drag and drop function I can place a 
    security in another chart (i.e. overlay)
    <SPAN lang=EN-US 
    ><FONT 
    face="Times New Roman"> 
    <SPAN lang=EN-US 
    ><FONT 
    face="Times New Roman">Supposing that the two items exhibit a lead/lag 
    relationship, how can I “move forward/backwards” in time a chart 
    ?
    <SPAN lang=EN-US 
    ><FONT 
    face="Times New Roman"> 
    <SPAN lang=EN-US 
    >i.e. 
    If I found out that –say- IBM leads Microsoft by 8 months, how could I move 
    forward the IBM chart in order to have a possible road map for Microsoft ? 
    (as indicated by IBM) 
    <SPAN lang=EN-US 
    ><FONT 
    face=Verdana size=2> 
    <SPAN lang=EN-US 
    >regards
    <SPAN lang=EN-US 
    >Jay<FONT 
    face=arial 
  size=-1>







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