ASX Leading stocks

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06/09/2023 at 11:40 PM #215942 quote

Chamberskob
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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

Master
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
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

06/22/2023 at 6:26 AM #216596 quote
JS
Participant

Master
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.
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