StockFetcher Forums · Filter Exchange · Need a symbol that produces flat-line 0% results.<< 1 2 >>Post Follow-up
glgene
534 posts
msg #96250
Ignore glgene
9/13/2010 11:31:11 PM

Stocktrader.....You said, "Not much to explain. Just trying to interpret what you are looking for. Everyone seems to be drawing a blank as to what you exactly need. Just applying a constant named nadir to the comparative relative strength screening within a range of 1."
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I'm trying to get a flat-line constant that would produce a string of 1.0s over a 6-day period.

For example, using these two symbols as the Comparative Indicator, produces these results:

.............. Today .....1 day ago.... 2 days ........3 days ............4 days ........... 5 days

BIL .......... 1.02 ..........1.01 ........... .98 .............. .94 ................. .95 .................. .94

SHV ........ 1.02 ......... 1.01 ........... .98 .............. .93 ................. .95 .................. .94

I want
this ...........1.00 ......... 1.00 ...........1.00 ............1.00 .............. 1.00 ..................1.00

This way, I'm setting the benchmark at 0, so to say.

A couple days ago a financial planner was bragging her firm beat the S&P in 2008. I said, "You're happy you lost your clients money?" She said S&P 500 lost 38% in 2008, and her money management firm beat that by 13%. In other words, her clients lost only 25%. I said that's not worth bragging about. I said I didn't want to use the S&P as the benchmark. She asked what I preferred. I replied, "0%. Beat that." Using 0%, her performance in 2008 would have been -25%. Not 13% better than the S&P.

Using the above info, I want to establish a SF script of selected ETFs (as shown in my original post) and always compare day-to-day performance to a constant 1.0.

I didn't understand your suggested script with a range for that indicator. I understand the set command. If SF would allow a scripter to enter a 0 for the Comparative Indicator, that would solve my problem (I think). But since SF doesn't allow 0, what would be the next best thing that would produce, ideally, a string of 1.0s over a 6-day period.

If I'm off base, please let me know. As I said before, I'm only at the "college level SF 101." Need some help on this one. Maybe I'm on to something, or maybe I'm way off base. ?????

Thanks!

Zack




StockFetcher Forums · Filter Exchange · Need a symbol that produces flat-line 0% results.<< 1 2 >>Post Follow-up

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