Rank: Newbie
Groups: Registered, Registered Users
Joined: 9/26/2007(UTC)
Posts: 4
|
My last programing experience was in dBase. About the most I can do now is copy a formula that some kind expert can write for me.
I use the Metastock indicator called "Performance". I don't even have the basic formula for it. I drag performance charts into a common chart so that I can compare financial symbols on one chart. In percentages.
What I really want to do is compare performance of various symbols to the price of gold. I would like to use the price of gold as a reference when considering a symbols performance.
Can someone please modify the Metastock "Performance" indicator to make the symbol GLD the zero line? And make it bold yellow? I am using Metastock for Windows v6.2
Wow! My dream come true! Please Please Please.
T2T
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 11/25/2006(UTC)
Posts: 79
|
The formula for the Performance indicator is:
Today value (open, high, low or close) divided by the value of first loaded date, i.e. the first date on the chart, then multipy by 100.
In symbol: Vn/V0 *100.
To compare with the price of gold you can use Relative Strength Comparative indicator.
|
|
|
|
|
|
Rank: Newbie
Groups: Registered, Registered Users
Joined: 9/26/2007(UTC)
Posts: 4
|
Sir wblam- The Relative Strength Comparative indicator works for one symbol at a time. I am trying to compare the performance of DJIA, S&P500, price of silver,and the US dollar to the running value of gold, (using gold as the zero line). Relative Strength Comparative indicator works, but on only on one chart at a time. Metastock won't let me drag multiple plots of this indicator into a common chart like I have been doing withe the Performance indicator.. Putting it another way I want to subtract inflation of the dollar from all of my plots in order to be able to see real (actual) performance. When gold is up 15% (since the begining of the year) the purchasing power of the dollar is down 15%. The DJIA is up 11% this year but gold is up 15%. So the DJIA is actually down for the year, in dollars. Does this make sense? Here is an example:
On February
1st of 2006 I bought one share of Google stock. I paid $400 for it. I planned
to ask for the certificate and display it in my office. I wanted to be able to
say that I bought Google at $400.
Today Google
closed at $555 and I am up a whopping 39%.
Suppose I
sold my share today and took my $155 profit.
$155
-$40
for trading fees
--------------------------
$115 Gain
-15%
Capital Gains Tax
------------------------------
$98 Net
Gain
My net
profit is $98 (24%) This sound pretty good, except that the dollar has dropped
34% since Feb 2006 and I have actually lost 10% on this
transaction.
BTW, I left
for a moment to sell the share during my composition of this post. I can't
afford losses like that. I bought SLV (silver) with the money. I don't expect
to make a profit on SLV, just freeze the $555 asset. I expect that the dollar
will fall a lot more than 34% in the next year. Alan Greenspan actually said
in his new book that it would be best to keep your money in "other than US
currency". Ironic isn't it?
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 4/18/2007(UTC)
Posts: 99
Location: sydney australia
|
<< I expect that the dollar will fall a lot more than 34% in the next year >>
wishful thinking does not a good chartist make! BTW why do you worry about capital gains tax Tommy? with any luck, you might end up losing money over the financial year & then you won't have to pay capital gains tax on your google or any other t'action.
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 11/25/2006(UTC)
Posts: 79
|
|
|
|
|
|
|
Rank: Newbie
Groups: Registered, Registered Users
Joined: 9/26/2007(UTC)
Posts: 4
|
Thanks Sir wblam-
The plug-in that you linked me to looks like it will do the trick. I have always wished that Metastock had one button that would convert all of my charts to percentages (performance) in one stroke. And back again. One that would do the same for comparing (multiple) chart performance to a known standard like gold or the value of the dollar would be superb.
T2T
|
|
|
|
|
|
Rank: Newbie
Groups: Registered, Registered Users
Joined: 9/26/2007(UTC)
Posts: 4
|
My objection is paying taxes on a loss. Like in the google example.
|
|
|
|
|
|
| Users browsing this topic |
|
Guest (Hidden)
|
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
