Sounds to me like we need to place this feature in the suggestion box and see how Tomasz feels
Allan
----- Original Message -----
From: "Fred S. Esch" <[EMAIL PROTECTED]>
Date: Thursday, September 7, 2006 7:54 pm
Subject: RE: [amibroker] IBD Relative Strength
To: [email protected]
> Dear Don,
>
> I hesitate to mention this because this is an Amibroker forum;
> I have
> started using a MetaStock plugin called "SpyGlass" for doing
> exactly what
> you propose. It provides relative strength rankings on stocks within
> folders such that the stocks are ranked 1-99. It also can
> identify the
> strongest stocks in the strongest industries in these folders.
> You can run
> the "External Relative Strength Analysis" on "all stocks" or
> subsets of
> stocks chosen by whatever criteria you see fit. I've
> corresponded with the
> developer and inquired as to whether he was willing to make it
> available for
> Amibroker. Unfortunately, it's not on his agenda although if
> enough people
> requested him to do so he might change his mind. I much prefer
> Amibroker to
> Metastock, but I'm just not proficient enough to program such a
> sophisticated analysis as we both wish to perform in Amibroker.
>
>
>
> If you are curious about SpyGlass, the URL is: www.debry.com
>
>
>
> With kind regards,
>
>
>
> Fred
>
>
>
> PS. I've copied a bit of information from the Debry.com website
> for your
> interest. I have no affiliation with John Debry other than
> being a
> customer.
>
> PSS. If anyone has figured out how to do this in Amibroker,
> please speak
> up!
>
>External Relative
> Strength (ERSA)
> Calculates the popular External Relative Strength indicator.
>
> External Relative Strength compares a stock's performance versus
> all other
> stocks in your database. Includes Explorations to back-test
> ERSA values, to
> find large movers, to find strong stocks in strong industries
> (with separate
> Paritech disk), and to show ERSA values over various time periods.
>
> Broad Market
> Calculates Broad Market numbers
>
> The Broad Market tool calculates many market-wide numbers, such
> as the
> number or percent of Advancing Issues, Declining Issues, New
> Highs, New
> Lows, stocks above a moving average, or any number of your
> creation. These
> numbers can then be used to construct indicators such as the
> Advance/DeclineLine, Advance/Decline Ratio, Advancing minus
> Declining Issues, Arms Index
> (TRIN), Breadth Thrust, Cumulative Volume Index, McClellan Oscillator,
> McClellan Summation, New Highs minus New Lows Cumulative, New
> Highs/New Lows
> Ratio, New Highs minus New Lows, Open-10 TRIN, Overbought/Oversold,
> Upside/Downside Ratio, and Upside/Downside Volume. For a great
> descriptionof all of these indicators, see the book Technical
> Analysis from A to Z
>.
>
> FolderAverages
> Calculates the average price of all securities in a folder
> (a.k.a. Industry
> Indices).
>
> Use the Paritech Industry Group CD to create a database, then
> create a
> price-weighted index for each group, then use the ERSA tool to
> see which
> industry groups and which stocks have the best relative strength.
>
>
>
>
>
> _____
>
> From: [email protected]
> [mailto:[EMAIL PROTECTED] On Behalf
> Of Don Lindberg
> Sent: Thursday, September 07, 2006 12:23 PM
> To: [email protected]
> Subject: Re: [amibroker] IBD Relative Strength
>
>
>
>
> Joe,
>
> Thanks for the info. Looking ay the Quotes Plus web page it
> appears that
> they make some efforts to mimic IBD's system. I am curious
> about your
> feedback on QP vs Worden's TelChart. Since you have used both
> your ideas and
> feed back would be valuable to me. I presently use TC2007 and
> Yahoo for my
> data feed.
>
>
>
> Thanks for any info,
>
>
>
> Don Lindberg
>
>
>
> -------Original Message-------
>
>
>
> From: Joe Landry
>
> Date: 9/7/2006 6:12:34 AM
>
> To: [EMAIL PROTECTED]ps.com
>
> Subject: Re: [amibroker] IBD Relative Strength
>
>
>
> Don - Quotes Plus has a relative strength metric and here's how it's
> calculated; by ranking the issue against all of the other issues
> in the
> database, numbering some 8208 as of last night. I think it was
> Randy that
> pointed out you won't get to the IBD ranking unless you compare
> an issue to
> all the others in your universe on in this case the IBD
> universe. The
> formulas/TC2005 scripts given in my note and previous notes
> won't do it.
> As an ex user of TC2000 I don't think that package develops any
> rankingeither.
>
> I have a surrogate of IBD's RS in my QP database and it's an
> area that I've
> been interested in. I've not been able to work up a profitable
> strategyfrom it. IBD's RS may have worked in the past when
> time moved more slowly,
> OR in a rising trend, it will work like a charm to select out
> the top
> performers.
>
> Here's a definition, an attached plot for your comparison, and
> the AFL used
> to plot it in an indicator window with a QP3 database.
>
> Plot(Close,"Close",colorBlue,styleThick);
>
> QRS = GetExtraData("QRS");
>
> Plot(QRS,"RelStrength -
> QuotesPlus",colorOrange,styleLine|styleOwnScale);
>
> Hope this helps
>
> JOE
>
> >>>>>>>>>>>>>>>>>.. QP Definition
> <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
>
> Relative Strength( DayNum )
>
> Returns the relative strength for the selected date. The Quotes Plus
> Relative Strength is calculated by comparing the performance of
> each issue
> for the past 4 quarters to the performance of every other issue
> in the
> database over the same time. The most recent quarter is given
> twice the
> weight of the previous 3 quarters.
>
> The relative strength value ranges from 0 to 99. A value of 99
> means that
> the issue has performed better than 99% of the other issues in
> the database.
> DayNum must be <= 0.
>
> ----- Original Message -----
>
> From: DonLindberg
>
> To: [EMAIL PROTECTED]
> ps.com
>
> Sent: Thursday, September 07, 2006 12:34 AM
>
> Subject: RE: [amibroker] IBD Relative Strength
>
>
>
>
> Fred,
>
> Thanks for the code. It is awful close to the IBD charts in the
> paper, just
> a bit more choppier than IBD's version. I am playing around
> with applying
> different moving averages to see if I can pull it closer to O'Niel's
> version. I'm getting closer. Thanks for your help.
>
>
>
> Don
>
>
>
>
>
> -------Original Message-------
>
>
>
> From: Fred S. Esch
>
> Date: 9/6/2006 9:23:11 PM
>
> To: [EMAIL PROTECTED]ps.com
>
> Subject: RE: [amibroker] IBD Relative Strength
>
>
>
> Dear Don,
>
> I included an exponential moving average of the ROC to identify trend
> changes. I agree with Randy's post that being able to rank all stocks
> against each other in a 1-99 ranking system would be great. My
> sense is
> that it can be done but I'm not familiar enough with AFL to do it.
>
>
>
> Regards,
>
>
>
> Fred
>
>
>
> //IBD Weighted ROC
>
> //Ideally would like to compare an ROC of a stock vs all other
> stocks and
> rank them 1-99.
>
>
>
> Per = Param("Per",63,5,250,1);
>
> IBDroc = ((C-Ref(C,-63)/Ref(C,-63))*0.4 + (C-Ref(C,-126)/Ref(C,-
> 126))*0.2 +
> (C-Ref(C,-189)/Ref(C,-189))*0.2 + (C-Ref(C,-252)/Ref(C,-
> 252))*0.2)*100;
> IBDrocMA = EMA(IBDroc,Per);
>
> Plot(IBDroc,"IBD Weighted ROC",colorBlue,styleLine);
>
> Plot(IBDrocMA,"EMA of IBDroc",colorBlue,styleDashed);
>
>
>
> _____
>
> From: [email protected]
> [mailto:[EMAIL PROTECTED] On Behalf
> Of Randy Harmelink
> Sent: Wednesday, September 06, 2006 6:03 PM
> To: [email protected]
> Subject: Re: [amibroker] IBD Relative Strength
>
>
>
> On 9/6/06, Don Lindberg <[EMAIL PROTECTED]
>net> wrote:
> > I am trying to create an indicator that will mimic the Relative
> > Strength Line from the IBD newspaper charts. Using the default
> RS in
> > AmiBroker does not give same graph. I also use Worden's Tel-Chart,
> > and I am able to get the indicator in TC to work correctly
> with the
> > folowing formula:
> > ((((C - C63) / C63) * .4) + (((C - C126) / C126) * .2) + (((C -
>
> > C189) / C189) * .2) + (((C - C252) / C252) * .2))*100
>
> I believe the calculation would be:
>
> ((((C - C63) / C63) * .4) + (((C63 - C126) / C126) * .2) +
> (((C126 - C189) /
> C189) * .2) + (((C189 - C252) / C252) * .2))*100
>
> ....but all that will give you is an weighted quarterly ROC with
> the most
> recent quarter double-weighted.
>
> > Now my question is, can anyone adapt this indicator code for
> use in
> > AmiBroker, so I can have an IBD Relative Strength Line in my
> AB charts
> > as well?
>
> The calculation above would only compute the weighted ROC for a single
> stock. In order to create the IBD relative strength line, you
> now need to
> rank the weighted ROC of that stock against the weighted ROC of
> all other
> stocks, then group the rankings from 1 to 99.
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
__._,_.___
----- Original Message -----
From: "Fred S. Esch" <[EMAIL PROTECTED]>
Date: Thursday, September 7, 2006 7:54 pm
Subject: RE: [amibroker] IBD Relative Strength
To: [email protected]
> Dear Don,
>
> I hesitate to mention this because this is an Amibroker forum;
> I have
> started using a MetaStock plugin called "SpyGlass" for doing
> exactly what
> you propose. It provides relative strength rankings on stocks within
> folders such that the stocks are ranked 1-99. It also can
> identify the
> strongest stocks in the strongest industries in these folders.
> You can run
> the "External Relative Strength Analysis" on "all stocks" or
> subsets of
> stocks chosen by whatever criteria you see fit. I've
> corresponded with the
> developer and inquired as to whether he was willing to make it
> available for
> Amibroker. Unfortunately, it's not on his agenda although if
> enough people
> requested him to do so he might change his mind. I much prefer
> Amibroker to
> Metastock, but I'm just not proficient enough to program such a
> sophisticated analysis as we both wish to perform in Amibroker.
>
>
>
> If you are curious about SpyGlass, the URL is: www.debry.com
>
>
>
> With kind regards,
>
>
>
> Fred
>
>
>
> PS. I've copied a bit of information from the Debry.com website
> for your
> interest. I have no affiliation with John Debry other than
> being a
> customer.
>
> PSS. If anyone has figured out how to do this in Amibroker,
> please speak
> up!
>
>
> Strength (ERSA)
> Calculates the popular External Relative Strength indicator.
>
> External Relative Strength compares a stock's performance versus
> all other
> stocks in your database. Includes Explorations to back-test
> ERSA values, to
> find large movers, to find strong stocks in strong industries
> (with separate
> Paritech disk), and to show ERSA values over various time periods.
>
> Broad Market
> Calculates Broad Market numbers
>
> The Broad Market tool calculates many market-wide numbers, such
> as the
> number or percent of Advancing Issues, Declining Issues, New
> Highs, New
> Lows, stocks above a moving average, or any number of your
> creation. These
> numbers can then be used to construct indicators such as the
> Advance/DeclineLine, Advance/Decline Ratio, Advancing minus
> Declining Issues, Arms Index
> (TRIN), Breadth Thrust, Cumulative Volume Index, McClellan Oscillator,
> McClellan Summation, New Highs minus New Lows Cumulative, New
> Highs/New Lows
> Ratio, New Highs minus New Lows, Open-10 TRIN, Overbought/Oversold,
> Upside/Downside Ratio, and Upside/Downside Volume. For a great
> descriptionof all of these indicators, see the book Technical
> Analysis from A to Z
>
>
> Folder
> Calculates the average price of all securities in a folder
> (a.k.a. Industry
> Indices).
>
> Use the Paritech Industry Group CD to create a database, then
> create a
> price-weighted index for each group, then use the ERSA tool to
> see which
> industry groups and which stocks have the best relative strength.
>
>
>
>
>
> _____
>
> From: [email protected]
> [mailto:[EMAIL PROTECTED] On Behalf
> Of Don Lindberg
> Sent: Thursday, September 07, 2006 12:23 PM
> To: [email protected]
> Subject: Re: [amibroker] IBD Relative Strength
>
>
>
>
> Joe,
>
> Thanks for the info. Looking ay the Quotes Plus web page it
> appears that
> they make some efforts to mimic IBD's system. I am curious
> about your
> feedback on QP vs Worden's TelChart. Since you have used both
> your ideas and
> feed back would be valuable to me. I presently use TC2007 and
> Yahoo for my
> data feed.
>
>
>
> Thanks for any info,
>
>
>
> Don Lindberg
>
>
>
> -------Original Message-------
>
>
>
> From: Joe Landry
>
> Date: 9/7/2006 6:12:34 AM
>
> To: [EMAIL PROTECTED]
>
> Subject: Re: [amibroker] IBD Relative Strength
>
>
>
> Don - Quotes Plus has a relative strength metric and here's how it's
> calculated; by ranking the issue against all of the other issues
> in the
> database, numbering some 8208 as of last night. I think it was
> Randy that
> pointed out you won't get to the IBD ranking unless you compare
> an issue to
> all the others in your universe on in this case the IBD
> universe. The
> formulas/TC2005 scripts given in my note and previous notes
> won't do it.
> As an ex user of TC2000 I don't think that package develops any
> rankingeither.
>
> I have a surrogate of IBD's RS in my QP database and it's an
> area that I've
> been interested in. I've not been able to work up a profitable
> strategyfrom it. IBD's RS may have worked in the past when
> time moved more slowly,
> OR in a rising trend, it will work like a charm to select out
> the top
> performers.
>
> Here's a definition, an attached plot for your comparison, and
> the AFL used
> to plot it in an indicator window with a QP3 database.
>
> Plot(Close,"Close",colorBlue,styleThick);
>
> QRS = GetExtraData("QRS");
>
> Plot(QRS,"RelStrength -
> QuotesPlus",colorOrange,styleLine|styleOwnScale);
>
> Hope this helps
>
> JOE
>
> >>>>>>>>>>>>>>>>>.. QP Definition
> <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
>
> Relative Strength( DayNum )
>
> Returns the relative strength for the selected date. The Quotes Plus
> Relative Strength is calculated by comparing the performance of
> each issue
> for the past 4 quarters to the performance of every other issue
> in the
> database over the same time. The most recent quarter is given
> twice the
> weight of the previous 3 quarters.
>
> The relative strength value ranges from 0 to 99. A value of 99
> means that
> the issue has performed better than 99% of the other issues in
> the database.
> DayNum must be <= 0.
>
> ----- Original Message -----
>
> From: Don
>
> To: [EMAIL PROTECTED]
> ps.com
>
> Sent: Thursday, September 07, 2006 12:34 AM
>
> Subject: RE: [amibroker] IBD Relative Strength
>
>
>
>
> Fred,
>
> Thanks for the code. It is awful close to the IBD charts in the
> paper, just
> a bit more choppier than IBD's version. I am playing around
> with applying
> different moving averages to see if I can pull it closer to O'Niel's
> version. I'm getting closer. Thanks for your help.
>
>
>
> Don
>
>
>
>
>
> -------Original Message-------
>
>
>
> From: Fred S. Esch
>
> Date: 9/6/2006 9:23:11 PM
>
> To: [EMAIL PROTECTED]
>
> Subject: RE: [amibroker] IBD Relative Strength
>
>
>
> Dear Don,
>
> I included an exponential moving average of the ROC to identify trend
> changes. I agree with Randy's post that being able to rank all stocks
> against each other in a 1-99 ranking system would be great. My
> sense is
> that it can be done but I'm not familiar enough with AFL to do it.
>
>
>
> Regards,
>
>
>
> Fred
>
>
>
> //IBD Weighted ROC
>
> //Ideally would like to compare an ROC of a stock vs all other
> stocks and
> rank them 1-99.
>
>
>
> Per = Param("Per",63,5,250,1);
>
> IBDroc = ((C-Ref(C,-63)/Ref(C,-63))*0.4 + (C-Ref(C,-126)/Ref(C,-
> 126))*0.2 +
> (C-Ref(C,-189)/Ref(C,-189))*0.2 + (C-Ref(C,-252)/Ref(C,-
> 252))*0.2)*100;
> IBDrocMA = EMA(IBDroc,Per);
>
> Plot(IBDroc,"IBD Weighted ROC",colorBlue,styleLine);
>
> Plot(IBDrocMA,"EMA of IBDroc",colorBlue,styleDashed);
>
>
>
> _____
>
> From: [email protected]
> [mailto:[EMAIL PROTECTED] On Behalf
> Of Randy Harmelink
> Sent: Wednesday, September 06, 2006 6:03 PM
> To: [email protected]
> Subject: Re: [amibroker] IBD Relative Strength
>
>
>
> On 9/6/06, Don Lindberg <[EMAIL PROTECTED]
>
> > I am trying to create an indicator that will mimic the Relative
> > Strength Line from the IBD newspaper charts. Using the default
> RS in
> > AmiBroker does not give same graph. I also use Worden's Tel-Chart,
> > and I am able to get the indicator in TC to work correctly
> with the
> > folowing formula:
> > ((((C - C63) / C63) * .4) + (((C - C126) / C126) * .2) + (((C -
>
> > C189) / C189) * .2) + (((C - C252) / C252) * .2))*100
>
> I believe the calculation would be:
>
> ((((C - C63) / C63) * .4) + (((C63 - C126) / C126) * .2) +
> (((C126 - C189) /
> C189) * .2) + (((C189 - C252) / C252) * .2))*100
>
> ....but all that will give you is an weighted quarterly ROC with
> the most
> recent quarter double-weighted.
>
> > Now my question is, can anyone adapt this indicator code for
> use in
> > AmiBroker, so I can have an IBD Relative Strength Line in my
> AB charts
> > as well?
>
> The calculation above would only compute the weighted ROC for a single
> stock. In order to create the IBD relative strength line, you
> now need to
> rank the weighted ROC of that stock against the weighted ROC of
> all other
> stocks, then group the rankings from 1 to 99.
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For other support material please check also:
http://www.amibroker.com/support.html
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