Monday, April 11, 2011

The relative efficiency tracing

The relative efficiency tracing
1st Open the charts you want to compare, appointing one of the charts as a basic pattern.
2nd Select a tile from the window menu MetaStock is to make all charts visible.
3rd Draw the internal indicator in the new window open in each of the lists. You will want to change the color of each of the indicators so that you can distinguish between them when they are in the same pattern.
4th In the table other than your basic pattern, select the indicator. From here, you must either copy and paste or drag and drop (you like), the indicator on top of the indicator in the basic scheme. If required, select "merge with scales on right" option. Repeat above steps with all other lists to your main table contains all the other indicators scheme is.
5th For better viewing, maximize the basic scheme.
To plot the performance of several securities using different symbols as a basis, use these steps:
1st Create the following custom indicator:
• Name: Basic performance
• Formula: P-per ()
2nd Open the charts you want to compare, appointing one of the charts as a basic pattern. For this example, to open eBay, MSFT and CSCO, CSCO choice as our basic scheme.
3rd Select a tile from the window menu MetaStock is to make all charts visible.
4th Plot the performance indicator of a new inner window in each of the open lists. You will want to change the color of each of the indicators so that you can distinguish between them when they are in the same pattern.
5th Drag the indicator of the effectiveness of the table EBay, and place on top of an indicator of performance in your basic pattern (CSCO).
6th The basic plot performance indicator directly on top of an indicator of the pattern CSCO EBay is.
7th Moving as a result of a conspiracy scheme in which you want to compare performance in terms inside Close EBay's scheme.
8th Repeat steps 5-7 for all other securities.
9th Should be left with a table that contains all of the baseline performance plots.
In MetaStock Professional Version 7.0 and above, the procedure can be simplified by using the Security () function instead of p variable. However, a special formula to be custom created for each symbol you want to use as a basic pattern. The formula is written in the following model:
Name: Core performance with SPX.
Formula: Per ()-safety (Subsequent () "SPX.")

The above formula uses the symbol. SPX as a baseline. To use another symbol, only changed. SPX to the desired symbol. Moreover, the above formula assumes that the symbol of the baseline in the same folder as the symbol you're planning on the above formula. If the location is different, you will need to change the formula to include the correct path. For example, if the symbol SPX is located in the folder C:. \ MetaStock Data \ \ index, the formula would be written as:

Formula: Per ()-Security ("C:. \ MetaStock Data \ \ index \ SPX", Per ())
Using the above formula, MetaStock Pro users can plot the indicator, rather than an indicator of efficiency.
1st Create custom indicators using the formula above
2nd Open the charts you want to compare, appointing one of the charts as a basic pattern.
3rd Select a tile from the window menu MetaStock is to make all charts visible.
4th Draw the custom indicator into a new inner window in each of the open lists. You will want to change the color of each of the indicators so that you can distinguish between them when they are in the same pattern.
5th In the table other than your basic pattern, select the indicator. From here, you must either copy and paste or drag and drop (you like), the indicator on top of the indicator in the basic scheme. If required, select "merge with scales on right" option. Repeat above steps with all other lists to your main table contains all the other indicators scheme is.
6th For better viewing, maximize the basic scheme.

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