ASX Leading stocks

Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • 06/09/2023 at 11:40 PM #215942 quote
    Chamberskob
    Participant
    New

    Hi,

    Would anyone be able to help me create a screener that identifies the leading/trending stocks for the ASX. Ideally I want to be able to narrow my search down for the top positive trending stocks on a daily time frame that are liquid and showing relative strength .

    I think the following variables may be  appropriate but open to suggestions…..

    Top performing positive price action for the 10 days
    relative strength to ASX
    Mcap >10m
    Min daily capital >50k

    Cheers any comment welcomed!

    06/10/2023 at 9:07 AM #215946 quote
    JS
    Participant
    Veteran
    Hi,

    Take a look at this screener…

    The RSI is mainly used as an “overbought” (>70) and “oversold” (<20) indicator…

    One approximation to the market cap is: Average volume * close

    I assume you are meaning with “minus daily capital” that the average volume is above 50k? 

    C1=RSI[10](Close)>60
C2=Average[10](Volume)*Close>10000000
c3=Average[10](Volume)>50000
Screener[C1 and C2 and C3](C1 as "RSI>60")

    Scherm­afbeelding-2023-06-10-om-10.06.20.png Scherm­afbeelding-2023-06-10-om-10.06.20.png
    06/11/2023 at 11:51 AM #215965 quote
    Chamberskob
    Participant
    New
    Thanks JS! Ill have a play around with it for a while – might have some follow up Q’s down the track if thats ok. Appreciate your time sir.
    JS thanked this post
    06/22/2023 at 2:54 AM #216593 quote
    Chamberskob
    Participant
    New
    Hi JS, Sorry to bother you again would you have any idea if I could do this (attached) with PRT? Or is there another way to track the spread between a basket of laggers and a basket of leaders? Cheers
    laggers-leaders-formula.png laggers-leaders-formula.png
    06/22/2023 at 6:26 AM #216596 quote
    JS
    Participant
    Veteran

    No bother at all, I always learn the most from it myself… 😉

    I don’t think it’s possible to average groups of winners and groups of losers, but what you could do:

    1. Focus on winners
    2. Set a condition for yourself that the winners must meet, for example: the RSI (of the winners) must rise between 30 and 70 for 10 days long.
    TimeFrame(Daily)
myRSI=RSI[10](Close)
C1=myRSI>30 and myRSI<70
C2=Summation[10](myRSI>myRSI[1])=10 //Ten days rising between 30 and 70
Screener[C1 and C2]
    Chamberskob thanked this post
    06/22/2023 at 8:41 AM #216604 quote
    Chamberskob
    Participant
    New
    Ok thanks again JS!  Ill run that. So There is no way of basketing a group of leaders and a groups of laggers and spreading them against each other…..pretty sure I might be able to do this if I API data to excel from my broker.
  • Author
    Posts
Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.

ASX Leading stocks


ProScreener: Market Scanners & Detection

New Reply
Author
author-avatar
Chamberskob @chamberskob Participant
Summary

This topic contains 5 replies,
has 2 voices, and was last updated by Chamberskob
2 years, 8 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 06/09/2023
Status: Active
Attachments: 2 files
Logo Logo
Loading...
Do you like cookies? 🍪 We use cookies to ensure you get the best experience on our website. (Learn more)
©2026 ProRealCode - Trading & Coding with ProRealTime™