gruender 101 posts msg #41787 - Ignore gruender |
3/6/2006 3:02:07 PM
Could someone please help with this filter? I cannot find the "help" on how to use a specific date in lieu of using "xx days ago" which I am currently using but this is a real pain.
The intent of this filter is to see what is the dollar change and what is the percentage change for all ETFs since the beginning of 2006 (01/03/2006). I prefer to have the ability to use a specific date so that I can run this filter based on any date that I choose.
Thanks, Newcyber7
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WALLSTREETGENIUS 983 posts msg #41788 - Ignore WALLSTREETGENIUS modified |
3/6/2006 3:36:25 PM
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gruender 101 posts msg #41789 - Ignore gruender |
3/6/2006 3:49:05 PM
Thank you Genius for the speedy reply. However, I believe that the way the filter is currently constructed, tomorrow, I must change all 3 locations that specify "41" to read "42" in order for the filter to calculate going back to 01/03/2006. Is that correct? Instead of having to change(update) the filter every time that I use it, I would rather like to use the specific date (01/03/2006) in the filter so that whenever I use this filter, I would not have to change anything, but just run the filter to see what is the dollar change and what is the percentage change from 01/03/2006. I'm not lazy, but I don't want to waste my time calculating how many days ago is 01/03/2006 before I can run the filter. Any suggestions?
Thanks again, Newcyber7
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WALLSTREETGENIUS 983 posts msg #41790 - Ignore WALLSTREETGENIUS |
3/6/2006 3:59:00 PM
newcyber7 -
As it stands, thats the only way to do it. But welcome to the site.
RIGGS.
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nikoschopen 2,824 posts msg #41791 - Ignore nikoschopen |
3/6/2006 4:29:45 PM
Not so, un-Genius,
You may use dates as the date-offset param. Compare the two filters below and see for ureself
Be sure to run the filter before SF goes on a spin cycle.
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gruender 101 posts msg #41792 - Ignore gruender |
3/6/2006 5:41:09 PM
Thank you gentlemen, it is indeed an honor for me to get advice from both of you super users, the best of the best on StockFetcher!
There are three other places in this filter that refer to "41 days ago." Do you think that this filter will continue to work correctly if I insert "close date offset 01/03/2006" in place of "41 days ago"? I will have to give this a try alittle later today to see if it works correctly. If it does, that is what I need.
Thanks again, Newcyber7
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nikoschopen 2,824 posts msg #41795 - Ignore nikoschopen |
3/6/2006 8:13:48 PM
The whole point behind the "date offset" feature is, in my opinion, to forgo the very trouble of needlessly adding things like "41 days ago". With date offset, SF reports the cumulative gain/loss for the length of days you specified anyway, hence "days ago" qualifier isn't necessary (unless you absolutely must sort their gains/losses in descending order):
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gruender 101 posts msg #41797 - Ignore gruender |
3/6/2006 8:58:38 PM
Thank you Niko for your previous suggestion. Your recommendation will get me the close price for each EFT on 01/03/2006 which is part of the information that I was seeking. Now how do I compute the difference between each close price on 01/03/2006 and the close price today? I need these dollar "differences" so that I can then calculate the percentage change between 01/03/06 and today for each ETF. I want to know who are the momentum leaders!
Perhaps you are wondering why do I need this? An effective (and profitable) ETF momentum trading strategy is to ride the leaders and then switch geese (EFTs) when others take the lead. Reminds me of the geese flying overhead, when the leader at the point of the "V" gets tired, another will take the lead until it gets tired and then a new leader will step up and lead the flock. This works great unless you are "standing" under this formation and the geese start dropping stuff on your head! lol
I currently do these calculations with excel, but it would sure be nice to let this powerful StockFetcher software do all of the work while I count the profits.
Suggestions regarding this filter?
Thanks, Newcyber7
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nikoschopen 2,824 posts msg #41806 - Ignore nikoschopen modified |
3/7/2006 5:29:14 AM
This problem wouldn't even be an issue if SF merely allowed the sorting of the "Performance" column as with any other columns. But, no, such option should remain out of reach for the naive users. At any rate, largely to ure dismay, you will have to resort to using the offset variables in order to achieve the desired goal as you initially have done (e.g. date offset "x").
On a side note, I would much rather use a fixed period (e.g. 1-month, 3-month, 6-month, etc.) rather than 01/03/2006 (ya I know, it's the beginning of the year). That way, you can bypass the need of manually updating the offset values.
On the other hand, what I like to do is to compare the gains made within different periods, say, 1-month, 2-month & 3-month, and graph the exponential moving average of the three on the chart. For example, the following filter measures the position of the close in respect to the high & low of the range for each of the previous 3 months. As such, it will enable you to see which ETFs have moved up in the ranking table, as it were.
FYI: as it's readily apparent from the chart, buy entry is initiated when the "return" crosses above 70.
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gruender 101 posts msg #41857 - Ignore gruender |
3/9/2006 1:19:34 AM
Thank you Niko, your filters should be good ways for me to compute percentage change for different periods. You make it look so easy!
Thanks again, Newcyber7
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