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I am trying create a system by using the Relative performance indicator in metastock. I am trying to express this into a formula that can run in the system tester. Any ideas? The indicator does not appear in the formulas box within the systemt tester.
This comes down to running a system on a given security, and refering to another stock or index within the same test. Is this possible at all?
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Rank: Advanced Member
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The Security Data function should work just fine for this.
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Rank: Advanced Member
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Joined: 3/7/2005(UTC)
Posts: 1,346
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hey dan.... the relative preformance is not in the list just like you mentioned.... but the same results can be achieved using the security data function like pyradius mentioned.... without knowing more of your goal, the formula below should match the 'relative preformance' indicators value...... you can see i used simply 'csco' and 'aa'..... that will work under some situations..... for best results use the long path name......
speakin of long, over a billion shares traded in 3 hours, looks like the deep pockets are bellying up to the bar....... h
short path name
Security("csco", C) /Security("aa",C )*100
long path name....... both 'csco' and 'aa' are in my dow 30 folder
Security("C:\\MetaStock Data\\dow 30\\csco", C) /Security("C:\\MetaStock Data\\dow 30\\aa",C )*100
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Rank: Newbie
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Thank you !! I am going to try it in the system tester to see how it goes... !
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Rank: Advanced Member
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Also take a look at the URSC kit - it was built for measuring valid Relative Strength Comparative (RSC) studies.
jose '-)
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