strange way of conversation on this site. I am used to quite a different way of exchangeing information in "my" forum. Anyway: @cashonly. Realtive moves: I calculate an EMA of the quotient of main symbol and index. Multiply my original price series with that EMA. Use the resulting price series and look for breakouts and pullbacks in this "equaized" prices series. I'd suggest to switch to the WL forum to discuss further details. Its calmer, less nervous, less noise, more constructive thoughts, real sharing of knowledge.
How long of an EMA have you generally found to be effective? Also, what do you mean by Original Price Series? Thanks
Thank You for the advice and suggestions everybody keep them coming. btw Drkoch where is the forum WL is that an acronym cold you please post a link. thank you
If I understand you correctly, you divide price, presumably the close, into the index's close and then create an EMA out of the quotient. Then you multiply the price by that EMA. Then using that result as a price series in and of itself, you trade breakouts and pullbacks. At first, I thought you meant that the 'breakout' was when the stock was outperforming the index, and a 'pullback' was when the stock was underperforming the index. I'm lost as to the purpose why you would multiply the original price by that EMA.
Gee you're too numerous and I will have to do that by hand ! So be patient I will send by order of request little by little.