StockFetcher Forums · General Discussion · Perry Kaufman Efficiency Ratio<< >>Post Follow-up
3 posts
msg #76749
Ignore markd85
7/22/2009 8:44:03 PM

I've been lurking here for a couple of weeks and have enjoyed the discussions very much. There seems to be some very good traders here as well as coders. I'm a little challenged in the coding area so if someone could translate this telechart code to SF I would certainly appreciate it. I would also like to add minimum price of $1 and minimum volume of 200000 shares per day. Thanks and good trades.

(C - C20) / (ABS(C - C1) + ABS(C1 - C2) + ABS(C2 - C3) + ABS(C3 - C4) + ABS(C4 - C5) + ABS(C5 - C6) + ABS(C6 - C7) + ABS(C7 - C8) + ABS(C8 - C9) + ABS(C9 - C10) + ABS(C10 - C11) + ABS(C11 - C12) + ABS(C12 - C13) + ABS(C13 - C14) + ABS(C14 - C15) + ABS(C15 - C16) + ABS(C16 - C17) + ABS(C17 - C18) + ABS(C18 - C19) + ABS(C19 - C20))

22 posts
msg #76753
Ignore macer
7/23/2009 5:24:57 AM

have you got some way of testing this - im not sure if its working correctly

set{CmC20, close minus close 20 days ago}

set{CmC1, close minus close 1 day ago}

set{absCmC1, abs(CmC1)}

set{absSum, sum(absCmC1,19)}

set{EffR, CmC20 divided by absSum}

close > 1
volume 6 week low > 200000

draw EffR

2,817 posts
msg #76754
Ignore chetron
7/23/2009 6:45:47 AM


3 posts
msg #76756
Ignore markd85
7/23/2009 9:28:00 AM

Thanks guys
From what I can tell these both seem to work.

macer...Can you modify your code so you can sort on the ER? That would be great.

4,599 posts
msg #76770
Ignore Kevin_in_GA
7/23/2009 12:07:44 PM

just add "add column EffR" to the filter. This adds the ER column, which can be clicked on to sort high to low.

3 posts
msg #76771
Ignore markd85
7/23/2009 12:49:03 PM

Thanks Kevin
This pulls up some very nice trending stocks. Since these are very "efficient" stocks with little daily correction, I think maybe you can go to a intraday chart and find a low risk opportunity and then manage it into a longer term hold and achieve an outstanding risk/reward ratio. Just a thought. I would be interested to hear if anyone here trades this way? Thanks again.

StockFetcher Forums · General Discussion · Perry Kaufman Efficiency Ratio<< >>Post Follow-up

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