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╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.01.01 : INDEX ║
╚══════════════════════════════════════════════════════════════════════════════╝
The Relational Stock Analysis documentation consists of 3 files:
File 1 - README.DOC : Installation Information
----------------------------------------------
1.01 Index
1.02 Glossary
1.03 Installation
1.04 Files on Distribution Diskette
1.05 Hardware Requirements
1.06 Shareware and Registered Version
1.07 Technical Support
1.08 Disclaimer
1.09 Registration Form
1.10 Trademark References
1.11 Parameter File
1.12 Stock File
1.13 Stock File Update Procedure
1.14 Table File
File 2 - RSA.DOC : Operational Information
---------------------------------------------
2.01 Primary Option Panel
2.02 File Input
2.03 File Output
2.04 System Parameters
2.05 Earnings Data
2.06 Stock Data - One Day
2.07 Stock Data - One Year
2.08 Commission Data
2.09 Table Selection Panel
2.10 Table Update Panel
2.11 Display Table
2.12 Graph Table
2.13 Script Generation
2.14 Automated Update
2.15 Color Changes
File 3 - FAQ.DOC : Frequently Asked Questions
------------------------------------------------
3.01 Frequently Asked Questions
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.02.01 : GLOSSARY ║
╚══════════════════════════════════════════════════════════════════════════════╝
Add Stock Symbol ..................02.05.02 , 02.14.01 , 03.01.01
Automated Update ....................................... 02.14.01
Change Stock Symbol Name .................... 02.05.02 , 03.01.02
Color Changes .......................................... 02.15.01
Commission Data ........................................ 02.08.01
Continue ............................................... 02.10.03
Delete Stock Symbol ......................... 02.05.02 , 03.01.03
Expanded Memory ............................. 02.04.02 , 03.01.06
File Input ............................................. 02.02.01
File Output ............................................ 02.03.01
Graph Colors ........................................... 02.12.01
Graph Range ............................................ 02.09.02
Graph Scale ............................................ 02.09.02
Graphic Modes .......................................... 02.12.01
Happi Function ......................................... 01.12.05
Hardware Requirements .................................. 01.05.01
Installation ........................................... 01.03.01
Log File ............................................... 02.04.01
MetaStock .............................................. 03.01.16
Notes .................................................. 02.10.03
Order Form ............................................. 01.10.01
Parameter File ......................................... 01.11.01
Pause/Repeat ........................................... 02.09.02
Print Graph ................................. 02.04.01 , 02.12.01
Procomm Plus V1 ........................................ 03.01.13
Registration Form ...................................... 01.10.01
Script Generation ...................................... 02.13.01
Shareware Version ........................... 01.06.01 , 03.01.06
Sort Order ............................................. 02.09.02
Stock Comparison Function ................... 02.09.02 , 02.11.01
Stock File ....................... 01.13.01 , 03.01.05 , 03.01.14
Stock File Update Procedure ...... 01.14.01 , 02.14.01 , 03.01.08
Stock Split ...................... 02.04.01 , 02.05.02 , 03.01.11
Table File ............................................. 01.12.01
Table Display .......................................... 02.11.01
Table Selection ........................................ 02.09.01
Table Column Update .................................... 02.10.01
Technical Analysis Functions ........................... 01.12.01
Technical Support ...................................... 01.07.01
Telechart 2000 ......................................... 03.15.01
Zoom Feature ........................................... 02.12.02
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.03.01 : INSTALLATION ║
╚══════════════════════════════════════════════════════════════════════════════╝
INSTALLATION FOR A HARD DRIVE SYSTEM
Create a directory for installing the files. For example purposes
we will create directory 'RSA' on drive 'C' and copy files from
the green distribution diskette in drive 'A'.
1) Create directory : MKDIR C:\RSA
2) Copy all files to directory : COPY A:\*.* C:\RSA
3) Install parameter file for your monitor type :
For 64 color VGA : COPY A:\VPARMS.DAT C:\RSA\PARMS.DAT
or 16 color VGA : COPY A:\V16PARMS.DAT C:\RSA\PARMS.DAT
or 64 color EGA : COPY A:\EPARMS.DAT C:\RSA\PARMS.DAT
or 16 color EGA : COPY A:\E16PARMS.DAT C:\RSA\PARMS.DAT
or mono VGA : COPY A:\VMPARMS.DAT C:\RSA\PARMS.DAT
or mono EGA : COPY A:\EMPARMS.DAT C:\RSA\PARMS.DAT
or mono CGA : COPY A:\CMPARMS.DAT C:\RSA\PARMS.DAT
or mono Hercules: COPY A:\HMPARMS.DAT C:\RSA\PARMS.DAT
If 360K diskettes are being used for installation, insert the
black distribution diskette in drive 'A'.
4) Copy all files to directory : COPY A:\*.* C:\RSA
5) Change current directory : CD C:\RSA
6) Change current drive : C:
7) Execute RSA.BAT file to start program : RSA
INSTALLATION FOR A FLOPPY DRIVE ONLY SYSTEM
The Relational Stock Analysis can be executed directly from the
green distribution diskette. You should make a backup copy
of both diskettes before starting.
1) Install parameter file for your monitor type :
For 64 color VGA : COPY A:\VPARMS.DAT A:\PARMS.DAT
or 16 color VGA : COPY A:\V16PARMS.DAT A:\PARMS.DAT
or 64 color EGA : COPY A:\EPARMS.DAT A:\PARMS.DAT
or 16 color EGA : COPY A:\E16PARMS.DAT A:\PARMS.DAT
or mono VGA : COPY A:\VMPARMS.DAT A:\PARMS.DAT
or mono EGA : COPY A:\EMPARMS.DAT A:\PARMS.DAT
or mono CGA : COPY A:\CMPARMS.DAT A:\PARMS.DAT
or mono Hercules: COPY A:\HMPARMS.DAT A:\PARMS.DAT
2) Execute RSA.BAT file to start program : RSA
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.04.01 : FILES ON DISTRIBUTION DISKETTES ║
╚══════════════════════════════════════════════════════════════════════════════╝
The distribution diskette(s) contain the following files:
REGISTER.DOC - Registration form.
README.DOC - This documentation file.
RSA.DOC - RSA documentation file.
FAQ.DOC - Frequently asked questions with answers.
RELATION.EXE - Relational Stock Analysis program.
RSA.BAT - Startup BAT file.
RSA123.BAT - Illustrates daily quote update process.
RSAM.BAT - Startup BAT file for reading MetaStock files.
RSAC.BAT - Startup BAT file for reading Chartpro files.
STOCK.DAT - Stock database file.
TABLE.DAT - Table definition file.
VPARMS.DAT - Parameter file for 64 color VGA users.
V16PARMS.DAT - Parameter file for 16 color VGA users.
EPARMS.DAT - Parameter file for 64 color EGA users.
E16PARMS.DAT - Parameter file for 16 color EGA users.
VMPARMS.DAT - Parameter file for VGA monochrome users.
EMPARMS.DAT - Parameter file for EGA monochrome users.
CMPARMS.DAT - Parameter file for CGA monochrome users.
HMPARMS.DAT - Parameter file for Hercules monochrome users.
MOUSE.DEF - Sample Logitech mouse definition file.
M_RSA.MSC - Sample Mouse Systems mouse definition file.
DJ11.ASP - Script gen. input file 1 for Procomm access to Dow Jones.
DJ12.ASP - Script gen. input file 2 for Procomm access to Dow Jones.
DJ13.ASP - Script gen. input file 3 for Procomm access to Dow Jones.
DJDAY.ASP - Script gen. output file for use in accessing Dow Jones
online service with Procomm to retrieve stock price and
volume data for one day for each stock in stock database.
DJW1.ASP - Script gen. input file 1 for Procomm access to Dow Jones.
DJW2.ASP - Script gen. input file 2 for Procomm access to Dow Jones.
DJW3.ASP - Script gen. input file 3 for Procomm access to Dow Jones.
DJWEEK.ASP - Script gen. output file for use in accessing Dow Jones
online service with Procomm to retrieve stock price and
volume data for 12 days for each stock in stock database.
GE11.ASP - Script generation input file 1 for Procomm access to GEnie.
GE12.ASP - Script generation input file 2 for Procomm access to GEnie.
GE13.ASP - Script generation input file 3 for Procomm access to GEnie.
GEDAY.ASP - Script generation output file for use in accessing GEnie
online service with Procomm to retrieve stock price and
volume data for one day for each stock in stock database.
CS11.ASP - Script gen. input file 1 for Procomm access to CompuServe.
CS12.ASP - Script gen. input file 2 for Procomm access to CompuServe.
CS13.ASP - Script gen. input file 3 for Procomm access to CompuServe.
CSDAY.ASP - Script gen. output file for use in accessing CompuServe
online service with Procomm to retrieve stock price and
volume data for one day for each stock in stock database.
CSW1.ASP - Script gen. input file 1 for Procomm access to CompuServe.
CSW2.ASP - Script gen. input file 2 for Procomm access to CompuServe.
CSW3.ASP - Script gen. input file 3 for Procomm access to CompuServe.
CSWEEK.ASP - Script gen. output file for use in accessing CompuServe
online service with Procomm to retrieve stock price and
volume data for five days for each stock in stock database.
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.05.01 : HARDWARE REQUIREMENTS ║
╚══════════════════════════════════════════════════════════════════════════════╝
Relational Stock Analysis requires 640K of memory, 1 360K floppy
drive (hard drive recommended), and a graphics card and monitor.
Graphics modes supported include VGA, EGA, CGA, and Hercules.
A modem, communications software, and membership in GEnie,
Dow Jones News Retrieval, CompuServe, Prodigy, or other
information system is recommended for retrieval of data for
automated update of stock price and volume data.
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.06.01 : SHAREWARE AND REGISTERED VERSIONS ║
╚══════════════════════════════════════════════════════════════════════════════╝
The shareware version of the Relational Stock Analysis may be
copied and distributed to friends. The shareware version may
be used free for 30 days. After that you will be required to
send a registration fee of $50 to DLM Consulting for use of the
program. The registration fee will provide you:
- Latest release of program with new features and enhancements.
- Your input and ideas may be included in future releases.
- Bulletin board access to utility programs.
- Inexpensive upgrades ($5) available for future versions.
- Printed illustrated documentation ($5) with description of
the technical analysis functions & buy/sell signals.
The registered version of the Relational Stock Analysis and
associated utility programs are licensed software for use by
the original owner only and may not be copied or transferred.
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.07.01 : TECHNICAL SUPPORT ║
╚══════════════════════════════════════════════════════════════════════════════╝
Technical support will be provided to registered users of this
program. Technical support will not be provided for releases
more than one year old. The cost of additional new release
diskettes is only $5. The diskette will contain the latest
version of the program and data files.
A bulletin board is available for sending messages to DLM.
The BBS phone number is 214-596-5121 (N/8/1/F). Messages
can also be sent to DLM at GEnie mail address "DL.MACE",
Prodigy ID "GCNS46A", Compuserve ID "71171,500", or to
Internet address "71171.500@compuserve.com.
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.08.01 : DISCLAIMER ║
╚══════════════════════════════════════════════════════════════════════════════╝
In no event whatsoever will DLM Consulting be liable for
damages or losses in regard to the usage of this program,
data, or documentation. No refunds will be given for this
program. A free shareware version is available for evaluation.
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.09.01 : REGISTRATION FORM ║
╚══════════════════════════════════════════════════════════════════════════════╝
╔═════════════════════════════════════════════════════════════╗
║ ║
║ ║
║ REGISTRATION FORM ║
║ ----------------------------------------------------- ║
║ ║
║ ╔════════════════════════╗ ║
║ ║ ║ ║
║ MAIL TO : ║ DLM Consulting ║ ║
║ ║ P O Box 867452 ║ ║
║ ║ Plano TX 75086 ║ ║
║ ║ ║ ║
║ ╚════════════════════════╝ ║
║ ║
║ DESCRIPTION PRICE ║
║ ----------------------------------------------------- ║
║ ║
║ Relational Stock Analysis Registration $ 50.00 US ║
║ Includes documentation on diskette and ║
║ free technical support on DLM BBS. ║
║ ║
║ Add $5.00 for printed documentation: Doc $ _____ US ║
║ ║
║ Add $6.00 for processing of Intl $ _____ US ║
║ international orders. ║
║ ║
║ Texas residents add State Sales Tax: Tax $ _____ US ║
║ ║
║ Total Total $ _____ US ║
║ ║
║ Make check or money order payable to : DLM Consulting ║
║ ║
║ Name : ______________________________________________ ║
║ ║
║ Address: ____________________________________________ ║
║ ║
║ City/State/Zip: _____________________________________ ║
║ ║
║ Diskette Type (360K/720K) : _________________________ ║
║ ║
║ ║
║ The following information may be ommitted if desired. ║
║ ║
║ Phone Number : _________________________ ║
║ ║
║ Compuserve Id : ║
║ Prodigy ID : ║
║ GEnie ID : _________________________ ║
║ ║
║ PC type/speed (386/33 etc): ║
║ Monitor type (VGA, etc) : ║
║ DOS version : _________________________ ║
║ ║
╚═════════════════════════════════════════════════════════════╝
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.10.01 : TRADEMARK REFERENCES ║
╚══════════════════════════════════════════════════════════════════════════════╝
In this manual, references are made to a number of trademarks:
Barron's is a trademark of Dow Jones & Co.
CompuServe is a trademark of CompuServe Inc.
Prodigy is a trademark of Prodigy Services Co.
GEnie is a trademark of General Electric Information Services.
Dow Jones News Retrieval is a trademark of Dow Jones & Co.
Procomm is a trademark of Datastorm Technologies Inc.
MetaStock is a product of EQUIS International.
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.11.01 : PARAMETER FILE ║
╚══════════════════════════════════════════════════════════════════════════════╝
The parameter file contains the following data:
- Window colors matrix values.
- Maximum tables.
- File names.
- Commission table values.
- Date of last updated day.
- Current graphics mode.
- Printer port.
- Read files at startup flag.
- EGA/VGA palette flag.
- First Monday date for current, previous, and next year.
- Leap year indicator for current, previous, and next year.
- Automated update parameters.
- Script generation parameters.
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.12.01 : STOCK FILE ║
╚══════════════════════════════════════════════════════════════════════════════╝
The stock file contains the following data:
- Each stock has 260 days of volume and price data, earnings
data for 16 quarters, 2 target prices, company name and symbol.
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.13.01 : STOCK UPDATE PROCEDURE ║
╚══════════════════════════════════════════════════════════════════════════════╝
Use of an online information system to retrieve stock price and
volume data for updating the stock database is recommended. The
option of manual update with the stock data window is available.
Updates can be performed on a daily basis or for multiple days.
Sample script files are provided for both methods.
1) Use Script file to retrieve data from online service.
2) Start Relational Stock Analysis program.
3) Use System Parameters window to increase last day updated value.
4) Use Automated Update window to update the stock data. See
section on Automated Update for more information.
5) Use File Output window to write the updated Parameter File
and Stock File to disk.
Or this same sequence of program options can be perfomed by doing
the following:
1) Use Script file to retrieve data from online service.
2) Start Relational Stock Analysis program by inserting
an '*' before the parameter file name:
RELATION *PARMS.DAT PCPLUS.LOG
The following command can be used to rerun the file update
process without changing the date:
RELATION *PARMS.DAT PCPLUS.LOG UPDATE
The following command can be used to rerun the file update
process and add new stock symbols to the stock file:
RELATION *PARMS.DAT PCPLUS.LOG ADD
This will automatically select the System Parameters window,
the Automated Update window, and the File Output window.
The Automated Update window options must already be set to the
correct quote log file name and update time frame of one day.
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.14.01 : TABLE FILE ║
╚══════════════════════════════════════════════════════════════════════════════╝
The table file contains the following table function definitions:
Price Moving Averages - This table defines a graph of the daily
close price with a 30 and 200 day moving average of the
close price. A buy signal is generated when the close
price crosses above the moving average line. A sell signal
is generated when the close price crosses below the moving
average line. Long term investors should use a longer term
moving average and short term traders a shorter moving average.
Moving Average Oscillator - This table defines a moving average
oscillator obtained by subtracting a longer moving average
from a shorter moving average. A buy signal is generated
when the moving average oscillator crosses above the zero line.
A sell signal is generated when the oscillator crosses below
the zero line. Earlier buy and sell signals can be obtained
by attempting to "guess" at tops and bottoms for the oscillator
based on previous high and low values for the oscillator.
MACD Oscillator - The Moving Average Convergence/Divergence
function is an indication of overbought or oversold conditions.
A difference between two exponentially smoothed moving
averages is called the MACD line. An exponentially smoothed
moving average of the MACD line is called the signal line.
A buy signal is generated when the MACD line crosses above
the signal line and a sell signal is generated when the
MACD line crosses below the signal line. The MACD Oscillator
is obtained by subtracting the signal line from the MACD line.
A buy signal is generated when the MACD oscillator crosses
above the zero line and a sell signal when it crosses below.
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.14.02 : TABLE FILE (Continued) ║
╚══════════════════════════════════════════════════════════════════════════════╝
DLM PE BANDS - This table defines an expected minimum and
maximum price range for a stock based on its earnings
and the minimum and maximum PE for a previous time interval.
Values are also calculated for constant PE values of 10, 20,
and 30. A buy signal is generated when the stock price is
below the minimum expected range and rises above the minimum
expected range. A sell signal is generated when the stock
price is above the maximum expected range and drops below
that range. This graph will not work for stocks with negative
or zero earnings.
Directional Movement - This indicator generates a buy signal
when the Positive Directional crosses above the Negative
Directional and Directional Movement is increasing. Then a sell
signal is generated when the Positive Directional crosses below
the Negative Directional or when Directional Movement begins to
decline.
Williams Variable Accumulation Distribution - This is a volume
weighted price momentum indicator which generates a buy
signal when WVAD crosses above the zero line and a sell
signal when WVAD crosses below the zero line.
Price Momentum - This is a price momentum indicator calculated
by subtracting the price N-Days ago from the current price.
A buy signal is generated when this value crosses above the
zero line and a sell signal is generated when this value
crosses below the zero line.
Price Rate of Change - This is a price momentum indicator
calculated by dividing the current price by the price N-Days
ago. A buy signal is generated when this value crosses
above the 100% line and a sell signal is generated when
this value crosses below the 100% line.
Wilder RSI - This table defines the Wilder Relative Strength
Indicator. This indicator is obtained by dividing the
positive price changes over an N-Day period by the total
price changes. A sell signal is generated when the indicator
value crosses above 0.66 and a buy signal is generated when
the indicator is below a 0.33 level.
Relative Strength - This table defines a relative strength
ratio indicator obtained by dividing the stock price
by an index average price. This measures individual stock
performance compared to the average performance of all stocks
in the stock database. Stocks with above average performance
will have an increasing relative strength.
Relative Strength vs. Index - This relative strength indicator
is calculated by dividing each stock price by the index
stock price (Stock #0). This illustrates the performance
of the individual stock in comparison to the average
performance of the composite stock index.
ROC Relative Strength - This relative strength indicator
is calculated by dividing the rate of change of each stock
price bye the rate of change of the index stock (Stock #0).
This illustrates the performance of the individual stock in
comparison to the average performance of the stock index.
A buy signal is generated whn the indicator crosses above
the 100 line from below. A sell signal is generated when
the indicator value crosses below the 100 line from above.
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.14.03 : TABLE FILE (Continued) ║
╚══════════════════════════════════════════════════════════════════════════════╝
Commodity Channel Index - This price momentum indicator
generates a buy signal when CCI increases crosses above the
zero line and then sell when CCI crosses below the zero line.
Arms's Ease of Movement - This is a momentum indicator which
generates a buy signal when its simple moving average
crosses above the zero line and a sell signal when its simple
moving average crosses below the zero line.
Volume Accumulation Oscillator - This volume momentum indicator
generates a buy signl when VAO crosses above its moving average
and a sell signal when VAO crosses below its moving average.
On Balance Volume - This indicator is a running summation of
volume. If the current day's close price is above the
previous day's, then the current day's volume is added to
the running total. If the close is below the previous
day, then the volume is subtracted from the running total.
This indicator is commonly used for divergence analysis. If
the price moves to a new high and this is not supported by a
corresponding higher value for OBV then a sell signal is
generated. If the price moves to a new low and OBV does not
move lower, then this indicates a possible price bottom and
a buy signal is generated. The moving average crossover can
also be used with this indicator.
Price Volume Trend - This indicator is a variation of the OBV
indicator. Instead of adding or subtracting the entire volume,
the volume amount used is proportional to the amount of the
price change for the current day. This indicator should be
interpreted in the same manner as the OBV.
Positive Volume Indicator - This indicator is a measure of
price action during periods of increasing volume. Increasing
volume when prices are rising should be expected. A buy
signal is generated when the PVI crosses above its own
moving average. The stock should be held as long as PVI
is increasing and staying above its moving average.
Negative Volume Indicator - This indicator is a measure of
price action during periods of decreasing volume. Since
price decreases with lower volume is not a negative
signal, a decreasing NVI would be common. A rising NVI
indicating rising prices on lower volume would indicate
unusual activity.
Price Earnings Ratio - This table defines a price earnings
ratio and the closing stock price. The price earnings ratio
is obtained by dividing the stock price by its 12-month
trailing earnings per share. The graph of PE will indicate
if the stock price is increasing faster than its earnings.
Bollinger Bands - This indicator defines a band produced by
adding and subtracting two standard deviations. A buy signal
is generated when the price crosses above the lower band. A sell
signal is generated when the price crosses below the upper band.
Moving Average Bands - This table defines a moving average band
produced by fixed percentage changes around a 30-Day moving
average. A buy signal is generated when the price crosses
above the lower band. A sell signal is generated when the
price crosses below the upper band.
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.14.04 : TABLE FILE (Continued) ║
╚══════════════════════════════════════════════════════════════════════════════╝
Lane Stochastic - This price momentum indicator generates
a buy signal when the Lane Stochastic moving average crosses
above the Lane Stochastic slow moving average and a sell
signal when it crosses below. Also watch for divergence
between the Lane Stochastic and the stock price.
Daily Volume - These tables plots daily volume. Price
movements are frequently preceded by increases in volume.
Price Change Comparison - This table illustrates use of the
Price Change function to determine which stocks have
performed best or worst in the last N-Day time period.
Volume Change Comparison - This table illustrates use of the
Volume Change function to determine which stocks have the
largest increase in volume in the last N-Day time period.
Earnings Change Comparison - This table illustrates use of the
Earnings Change function to determine which stocks have the
largest increase in earnings in the last N-Day time period.
Price Change (6 Months) - This table illustrates usage of the
Earnings and PE functions to predict future stock prices
based on past PE values and future EPS estimates.
Price Change Comparison - This table illustrates use of the
Price Change function to determine which stocks have
performed best in a specified time period.
DJIA and INDEX - This table graphs the first indicator value
which we have chosen to use to track the Dow Jones Industrial
Average. Ten indicator values are available for tracking
of any values of your choice.
McClellan Oscillator - This function is calculated by subtracting
a 39-day exponential moving average of advances minus declines
from a 19-day exponential moving average of advances minus
declines. An overbought condition is detected by a result above
100 and an oversold condition is detected by a result below -100.
McClellan Summation Index - This function is calculated by taking
a running summation of the McClellan Oscillator. A buy signal
is generation when the function value crosses above the zero
line. A sell signal is generated when the value crosses below
the zero line.
Advance Decline Line - The advance-decline line is cumulative
summation of the difference between the number of advancing
issues minus the number of declining issues. Two of our
indicator values are used to track NYSE advances and declines.
Advances and declines of the issues in the Relational Stock
Analysis database are also available as a function value.
Convergence and divergence of this indicator with a price
index should be done to interpret signals.
Advance Decline Ratio - This function is calculated by dividing
the number of advancing issues by the number of declining
issues. An overbought condition is signaled when a moving
average of the Advance Decline Ratio is above 1.25 and an
oversold condition when the value is below 0.75.
╔══════════════════════════════════════════════════════════════════════════════╗
║ SECTION 01.14.05 : TABLE FILE (Continued) ║
╚══════════════════════════════════════════════════════════════════════════════╝
Large Block Ratio - This indicator signals overbought and
oversold market conditions. Data for this indicator is
obtained from Barron's Large Block Transaction Summary. The
value for LBR Up Trades is obtained by adding the Up Ticks
trades of 50,000-99,999 shares to the Up Ticks trades of over
100,000 shares. The value for LBR Down Trades is calculated
similarly from the Down Ticks data. Then LBR Up Trades value
is divided by the LBR Down Trades value and a moving average
of the result is taken. When this moving average value is
above 1.20 it indicates an overbought condition. When the
value is below 0.80 it indicates an oversold condition. We
use three of our indicator values to track Up Trades, Down
Trades, and Total Trades.
ARMS Index (TRIN) - This table function computes the TRIN for
the RSA stock database. A decreasing chart pattern is bullish
and indicates that the up stocks are getting more than their
share of volume. An increasing function value is bearish and
indicates that the down stocks are getting more than their
share of volume. The ARMS Index formula is defined as :
TRIN = (Advances/Declines)/(Advancing Volume)/(Declining Volume)
Open 10 TRIN & Open 30 TRIN - These functions are variations
of the Arms Index which use 10 or 30 day time periods instead
of one day time intervals. High readings indicate an oversold
condition and low readings indicate an overbought condition.
Upside/Downside Ratio - This table function is the ratio of the
volume of advancing issues to the volume of declining issues
in the RSA stock database. An increasing chart pattern is
is bullish indicating buying pressure and a decreasing function
value is bearish indicating selling pressure.
HAPPI Functions - HAPPI is an acronym for Historical Analysis
Probability Prediction Indicator. This function provides an
automated method of evaluating a selected combination of two
technical analysis functions. It is defined as follows:
Select first technical analysis function : Y1 = F1(T)
Select second technical analysis function : Y2 = F2(T)
Select stock price goals : M % price increase in next N days
A historical analysis of the stock database is then performed
using these two technical analysis functions to create data to
define the new HAPPI function Y3 = F3(Y1,Y2) which will be the
probability of a stock increasing M % in price in the next N
days when the first technical analysis function has the value
Y1 and the second technical analysis function has value Y2.
Additional documentation can be found in files:
Section 2 : RSA.DOC
Section 3 : FAQ.DOC