FYI, I have updated my Alphascanner blog with today's comment from the Algo&Multipivot forum.
(Nothing new for robot subscribers).
http://blog.alphascanner.com/?p=819
Billy
FYI, I have updated my Alphascanner blog with today's comment from the Algo&Multipivot forum.
(Nothing new for robot subscribers).
http://blog.alphascanner.com/?p=819
Billy
hi billy,
thanks very much for your interesting post.
how do you calculate the correlation score?
Is the Accumulation/Distribution % score calculated as 2*%A + %B -%D -2*%E from the MS values excluding ETFs?
pete
For the IBD score, I compute the correlation coefficient with IWM for each % X IBD rating. Then the IBD correlation score is the sum of (correlation coefficient times % X rating ).
Same process with the daily stages where the % X ratings are replaced by the % of stocks in each substage.
Then I compute the correlation coefficient with IWM of the IBD and Stages correlation scores.
The final composite score is weighted by the correlation coefficients times correlation scores.
Billy
How many days do you use for calculation of correlation coefficient?
a running number like the last 20 days or all available from start of your data til calculation day?
pete