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Charting two securities in one chart can not be done
Rank: Newbie
Groups: Registered, Registered Users Joined: 11/24/2007(UTC) Posts: 2
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Hi folks I hope someone of you can help me otherwise I can 't use Metastock anymore...
Here's the problem:
I want to have two securities in my chart and of course I want to have them "equalized". This means that the performance of both can be directly compared. This can be managed through two strategies:
a) The program changes the scaling to a Percentage Scaling (Y-axis) and leds both security start at a value of 0% and shows then the gains/losses on a percenage basis. This is by far the most common way of doing this and is supported by pretty much any free charting tool in the web (e.g Yahoo).
b) another possible way would be that the values of the added Security are transformed to fit the original Security. e.g. If the first security has a value of 100 and the added security has a value of 200 then the Software would multiply all the values of the second security by 0.5 so that they start from the same level.
I thought the option "Merge with scale on the right" would do at least Option b (the wording sounds so) so. But what MS does is to display the Security with his old values in the new Chart - this is so idiotic because if the values of both securities differ much enough than both charts get "compressed" and you can barely see anything anymore (not to mention that this is no Performance comparison)!
If someone knows how to compare two securities in one of the mentioned ways please let me know otherwise I can throw MS in the dustbin..
P.S. Another thing is if i add a new security MS always places it in new window and then I have to drag and drop it the original Chart. How can I do it that MS puts it immediateley in the Chart and not in separate window at first ?
Greetings Philocyber
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 11/7/2005(UTC) Posts: 602
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That's an interesting question. I use an explorer to do that but never on a chart. Here is the code for an explorer: ROC(Mov((C/P),13,S),1,%) where "P" is the "anchor" stock. You highlight the anchor stock (S&P500 for me) then run the explorer. Put this code as one of the columns and whatever for the filter, then run the explorer. Maybe one for the wish list (I would want to be able to plot more than just 2 though.) I'll play around with some code to see if I can get something to work using "P" and repost in a few days.
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Rank: Newbie
Groups: Registered, Registered Users Joined: 11/24/2007(UTC) Posts: 2
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Hi Johnl,
thanks for your interesting Idea - but just as yo already said two securities is not really enogh. I hope you can break this one..
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 8/16/2005(UTC) Posts: 182
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Charting two securities in one chart can not be done
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