Advancers-Decliners Superimposed on Price

Quote from bcavender:

Dimitris,

I hadn't seen this concept before, but I see its strength. The A/D basically is a 'low res' feel for the market, but it can't tell if 1000 shares advanced by one dollar or one penny...whereas the population of stocks with RSI>65 communicates a much higher level of information. I like it.

Quick questions:

I primarily trade the NYSE and creating a dbase and computing all the RSI or StochD for the composite would be resource intensive. Can you suggest the most efficient way to approach this in AmiBroker?

In the RSIOBI.gif, the green indicator is the RSIOBI. Which is the OSI?

What is the RsiMedium indicator and what is it telling us?

Thanks for your assistance!!

Bruce
More...

Many of my "Breath Indicators*" are at
http://www.amibroker.com/library/list.php
I use them exclusively for the N100 database with impressive results.
In the RSIobi/osi/medium gif, RSIosi is red, RSIobi is green and RSImedium ( ie the population of stocks with 35< RSI < 65 ) is yellow.
You will find MANY analytic messages at
http://groups.yahoo.com/group/amibroker/messages/
with detailed methods, codes, gifs and other users valuable comments.
I will add only one comment here. In any indicator I post, the lag is 0 or +1 [if in some study the lag is >+1, the project is under severe ... censorship by me and it is not released until the lag improvement]





*BREATH, instead of the narrow BREADTH used for A/D only.
I introduced this term because these indicators try to catch the "breath" of the market.
 
I will study your suggestions and information...I appreciate that!

One last questions related to AmiBroker...

I am looking for an AFL algorithm to automatically plot long/medium/short trend lines on my charts. I have looked through the website but I have not seen this...however AFL certainly has the moxie to do this with a little effort.

I'm curious if you might have seen this already done, before I go off and start reinventing the wheel.

Thanks!
Bruce
 
Quote from bcavender:

I will study your suggestions and information...I appreciate that!

One last questions related to AmiBroker...

I am looking for an AFL algorithm to automatically plot long/medium/short trend lines on my charts. I have looked through the website but I have not seen this...however AFL certainly has the moxie to do this with a little effort.

I'm curious if you might have seen this already done, before I go off and start reinventing the wheel.

Thanks!
Bruce
More...

Although it is always interesting to reinvent the wheel, there is already an answer at my
http://www.amibroker.com/library/detail.php?id=103
http://www.amibroker.com/library/detail.php?id=105 (Pattern Recognition graph)
Play with per= to get short, medium or long time trendlines for price or indicator graph.
 
wow...

this thread is a great advertisement for AmiBroker...

multivariate analysis, nice new catch word,,

kinda makes the outsiders wantta be insiders, real quick...

that's a tactic that the software companies, database firms in particular, used to use upon the corporate customer base...

create a new catch phrase, talk it up at shows, get it in the press, and then have the salesmen act like "what, you don't know...?"

with these "opportunity driven markets", normal market analysis based on price theory, money flow or otherwise doens't work consistently with results. take a look at monday's +220 DJ Futures premarket, and the pitiably close on monday with the DJIA +23 points total, after having been up 242.

some would argue that one could have sold out during the day, like most traders, and shorted to help exacerbate the decline...

however, most of that EOD analysis and mid-day analysis realTime analysis....

(words from a system designer who knows...)
 
Quote from limitdown:

wow...

this thread is a great advertisement for AmiBroker...

multivariate analysis, nice new catch word,,

kinda makes the outsiders wantta be insiders, real quick...

that's a tactic that the software companies, database firms in particular, used to use upon the corporate customer base...

create a new catch phrase, talk it up at shows, get it in the press, and then have the salesmen act like "what, you don't know...?"

with these "opportunity driven markets", normal market analysis based on price theory, money flow or otherwise doens't work consistently with results. take a look at monday's +220 DJ Futures premarket, and the pitiably close on monday with the DJIA +23 points total, after having been up 242.

some would argue that one could have sold out during the day, like most traders, and shorted to help exacerbate the decline...

however, most of that EOD analysis and mid-day analysis realTime analysis....

(words from a system designer who knows...)
More...

I do not know what you know, but I know better what I know.
I am a user, not an advertiser/salesman.
Many gentle people ask in numerous private mails to post here.
I ALWAYS give full reference for MY RESEARCH, presented in Amibroker and WL sites.
I would appreciate your comments on the methods, dialogue will surely improve our trading knowledge and results.
As for my results, they are 100% objective, based on clear (and working) codes and they are quite close to the market behavior. This final conclusion gives me the courage to post market predictions from time to time, BEFORE the bell, open to ANY comments.
 
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