Investor Preference Index

Investor Preference Index
This indicator was discussed in December 1997 Technical Analysis of Stock and Commodities Magazine, p. 19. The article was written by Cyril Tues Smith Jr.
"This indicator, long - term market investment tool compares the performance of the S & P 500 on the New York Stock Exchange index measuring the mood theory is that investors have a preference for certain types of investments, blue chips as opposed to the middle. cap during the stages of the bull market. "
To plot this MetaStock for Windows, follow these guidelines. When finished, if you do not save as a table, you simply need to load the table and recalculate using the latest data.
• Open a chart of S & P 500th
• Open pattern on the New York Stock Exchange index.
• Drag S & P 500 price conspiracy in a scheme NYSE.
• Fall indicator below the graph of the S & P 500th The plot will turn a different color when you are suggesting.
• resulting plot is investor Advantage Index.
Formula: Advantage Investors Index:

(Sum (Mov (ROC (Log (C), 24%), Taiwan (Log (P), 24%), 15, S)-Mov (ROC (Log (C), 24%), Taiwan ( Log (P), 24%), 38 C), 54) +1) * 100

System testing:

Enter Long
C = HHV (C, 26)

Long Close
Fml ("Investor Preference Index") <97.6 and Taiwan (Fml ("Investor Preference Index"), 2 ,$)<=(-. 04)