glgene
616 posts
msg #96250
- Ignore glgene |
9/13/2010 11:31:11 PM
Stocktrader.....You said, "Not much to explain. Just trying to interpret what you are looking for. Everyone seems to be drawing a blank as to what you exactly need. Just applying a constant named nadir to the comparative relative strength screening within a range of 1."
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I'm trying to get a flat-line constant that would produce a string of 1.0s over a 6-day period.
For example, using these two symbols as the Comparative Indicator, produces these results:
.............. Today .....1 day ago.... 2 days ........3 days ............4 days ........... 5 days
BIL .......... 1.02 ..........1.01 ........... .98 .............. .94 ................. .95 .................. .94
SHV ........ 1.02 ......... 1.01 ........... .98 .............. .93 ................. .95 .................. .94
I want
this ...........1.00 ......... 1.00 ...........1.00 ............1.00 .............. 1.00 ..................1.00
This way, I'm setting the benchmark at 0, so to say.
A couple days ago a financial planner was bragging her firm beat the S&P in 2008. I said, "You're happy you lost your clients money?" She said S&P 500 lost 38% in 2008, and her money management firm beat that by 13%. In other words, her clients lost only 25%. I said that's not worth bragging about. I said I didn't want to use the S&P as the benchmark. She asked what I preferred. I replied, "0%. Beat that." Using 0%, her performance in 2008 would have been -25%. Not 13% better than the S&P.
Using the above info, I want to establish a SF script of selected ETFs (as shown in my original post) and always compare day-to-day performance to a constant 1.0.
I didn't understand your suggested script with a range for that indicator. I understand the set command. If SF would allow a scripter to enter a 0 for the Comparative Indicator, that would solve my problem (I think). But since SF doesn't allow 0, what would be the next best thing that would produce, ideally, a string of 1.0s over a 6-day period.
If I'm off base, please let me know. As I said before, I'm only at the "college level SF 101." Need some help on this one. Maybe I'm on to something, or maybe I'm way off base. ?????
Thanks!
Zack
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