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Dick,
Thanks for the info on SIFT. I downloaded his repots and will check them out later tonight.
You mentioned you have the IBD database. How did you create it? I assume you are using IBD's 197 Industry Groups, but how did you get that code applied to all your stocks. Could you send me a copy of the broker.industries and broker.sectors that you used to create. I might like to try it and see if there are advantages to me. Thanks again.
Don Lindberg
[EMAIL PROTECTED]
-------Original Message-------
Date: 09/08/06 13:46:44
Subject: [amibroker] Re: IBD Relative Strength
Don,
You sure created a lot of action on this post. I too am interested in
the IBD relative strength formula but didn't see anything definitive
in the posts I read. I have a close friend here in Dallas who
specilizes in using IBD through a program he developed called "SIFT"
see below. this is what he says about the IBD RS -
"The problem with IBD data is that there is a 3 month moving average.
This creates such a lag that you can only trade this on long and mid
term. You cannot trade short term with this moving average lag.
Possible solution is to use SIFT and look at the reports.
The reports give strength based on price change pct.
The reports with dates have relative strength based on
2,3,4,5,10,20,40,60,80,100,200 periods.
Read on How to use Reports.
You may wish to check it out. In the meantime let me know if anyone
came up with an AFL that will calculte the relative strenth similar to
IBD. I have the IBD database and use both it and the Hemscott db.
Best regards,
R.E.(Dick) Hoierman
>
> 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
>
> Now I am not a programmer, so I am not sure if the C above stands for
> Close or not. But I get the graph I want when I apply this formula, so
> that is good enough for me.
>
> 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?
>
> Any help would be appreciated.
>
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