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Traders' Tips from TASC Magazine

In his article "Applying The Sector Rotation Model", Giorgos E. Siligardos has demonstrated two simple tools that can help to incorporate the macro perspectives of the stock market in technical analysis. Both are based on macro fundamentals, both have a technical application, and both have signals that usually precede major market reversals and highlight signals from classic technical analysis. Giorgos E. Siligardos has explained the logic of the first, the sector rotation model, and has presented a simple indicator to monitor its waves.

Using Tradecisionís Indicator Builder, one needs to create the SRM indicator:

SRM indicator:

{Roc look back period in trading days}
Ins
lbp:"Roc Parameter",75,10,200;
End_ins

var
Bull01:= 0;
Bull02:= 0;
Bear01:= 0;
Bear02:= 0;
Bear03:= 0;
Bear:=0;
Bull:=0;
end_var

{Roc calculation}
Bull01:= External
("C", "XLY")/Ref(External("C", "XLY"),-lbp)-1;
Bull02:= External
("C", "XLF")/Ref(External("C", "XLF"),-lbp)-1;
Bear01:= External
("C", "XLE")/Ref(External("C", "XLE"),-lbp)-1;
Bear02:= External
("C", "XLU")/Ref(External("C", "XLU"),-lbp)-1;
Bear03:= External
("C", "XLP")/Ref(External("C", "XLP"),-lbp)-1;

{averages}
Bear:=(Bear01+Bear02+Bear03)/3;
Bull:=(Bull01+Bull02)/2;

{Oscillator}
return 100*(Bull-Bear);



Download to import into Tradecision.

How to use this indicator in Tradecision:
  1. Click Download.
  2. Save this indicator in a safe location on your hard drive.
  3. Open Tradecision and in the Tools menu click Indicator Builder.
  4. In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
The indicator will be added to the Custom Indicators list.
 
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