StockFetcher Forums · Filter Exchange · Does anyone out there no how to create the the below Metastock syntax into SF<< >>Post Follow-up
davesaint86
268 posts
msg #57051
Ignore davesaint86
11/27/2007 1:32:24 PM

Does anyone out there no how to create the the below Metastock syntax into SF.

ROC(Mov((C/P) ,26,S),1, %)

Davesaint

nikoschopen
2,824 posts
msg #57061
Ignore nikoschopen
11/27/2007 5:02:08 PM

This just simply mean by how much, in terms of %, did 26-period simple moving average of the close move in 1 day?

Fetcher[
set{diff, ma(26) - ma(26) 1 day ago}
set{diff2, diff / ma(26) 1 day ago}
set{ratio, diff2 * 100}
add column ratio
]



davesaint86
268 posts
msg #57067
Ignore davesaint86
11/27/2007 8:54:57 PM

Thanks Niko! Basically I read that this can be used to determine the relative strenght for example for ETFs. I entered the syntax in Google and this is what came up. From the blog the numbers that were coming up were to select ETF's that a a reading of 80 or above. Sorry for the explaning this before. I do not know if you have ever visited this ETF site http://www.etfscreen.com/rsftrends.php. They use Relative Strenght to rate their ETFs.

ROC(MOV((C/P),13,S),1,%)

This formula calculates the rate of change, as a percentage, in the relative strength of the sectors against the base index over a 13 week period. It may seem complex but let`s break it down into manageable parts, beginning with the inner-most brackets first:

C/P is the relative strength (or RSC component) of the tested sectors vs. the base security.

The way it`s calculated is by dividing the closing price of the sector, by `P`, where `P` is the base index that you highlighted before creating this exploration.

(MOV((C/P),13,S) calculates the moving average of the RSC over a 13 week period.

ROC(MOV((C/P),13,S),1,%)calculates the rate of change of the moving average of the RSC, in other words, the amount the sector has moved up or down as a percentage.



StockFetcher Forums · Filter Exchange · Does anyone out there no how to create the the below Metastock syntax into SF<< >>Post Follow-up

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