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Strategies & Market Trends : ClearStation...Goldman Sachs Trading Room in a Box?
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To: Rod Dolman who wrote (8)3/13/1999 6:41:00 AM
From: kensey  Read Replies (1) of 22
 
Agree!

We have this data. ie: how many stocks were flagged as entering
a bullish condition (aka 'macd green') and how many stocks were
flagged as entering a bearish condition (aka 'macd red') each
day.

MACD has a pretty phat lag time associated with it (or
so i'm told) so it would be interesting to see how these numbers
corrolate to the performance of say some broad index.

I'll have to think about how to represent this data.

Perhaps some sort of dual histogram would work.

Plot the number of stocks flagged as 'macd bullish' as one set of bars
and 'macd bearish' as another set of bars. the bullish bars would
be in green and drawn above the x-axis. the bearish in red and
drawn beneath the x-axis. proportionally (of course). so if on
a given day 100 stocks went green and 4 went red, you would see
a big green bar above the x-axis and a relatively smallish red bar
drawn below the x-axis.

something like:


+
++
++         number of stocks - macd bullish (in green)
++
++
-----------------------   (x-axis)
++
+      
          number of stocks - macd bearish (in red)


so in this example, on the first day, there were 5 stocks that
went green and 2 that went red. on the second day, 4 went green
and 1 went red. etc.

if this was done, you could have a pretty graphic illustration
of trend. if the broad market were rallying, you would see a
big wad of green! but if things started to fade, you would see
that blob of green start to shrink down and perhaps the color
phase over to red.

thoughts?

kensey
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