Rank: Newbie
Groups: Registered, Registered Users Joined: 5/5/2006(UTC) Posts: 1
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Hi
Can any one help to write an explorer on Relative strength Comparitve
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 3/19/2005(UTC) Posts: 2,995
Was thanked: 14 time(s) in 10 post(s)
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Q: How can I run an Exploration to find Relative Strength Comparative values?
A: In versions of MetaStock for Windows prior to 8.01, this had to be done using the "P" variable and required you to open the chart of the index to be compared against. With the latest version this can now be done with the Security Data Function.
To construct a Comparative Relative Strength Exploration in MetaStock for Windows version 8.01 & 9.0, you need to follow the following steps (This example will reference online data from Reuters DataLink, specifically the S&P 500):
Open the Tools menu
Select the Explorer
Click New
Name the exploration Relative Strength Comparative
Select the Column A tab
Enter the following formula;
C/Security("ONLINE:.SPX",C)
Click OK
Run the Exploration
The results are displayed in the exploration report. They can be ranked by selecting the column header.
To construct a Comparative Relative Strength Exploration in MetaStock for Windows, prior to version 8.01, perform the following steps:
Open the chart for the desired index
Click to select the price plot (This will place small boxes on the prices to designate that the price has been selected)
Create a custom exploration for the Relative Strength Comparative
Open the Tools menu
Select the Explorer
Click New
Name it Relative Strength Comparative
Select the Column A tab
Enter the following formula;
C/P
Note: (The P variable references the selected indicator in the active chart which would be the close)
Click OK
Run the Exploration
The results are displayed in the exploration report. They can be ranked by selecting the column header.
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 3/19/2005(UTC) Posts: 2,995
Was thanked: 14 time(s) in 10 post(s)
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For the ULTIMATE Relative Strength Comparative click here.
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