Relative Force of each stock composing the DAX 30 vs DAX 30 Index Screener

• 11/22/2018 at 6:29 PM #85521
  Meta Signals Pro

  Hi Everyone,

  I am trying to catch the stocks composing the DAX 30 whose relative force vs the Index crosses under the 0 line, meaning that the stock is underperforming the Index ;

  I did this little code but how to identify the DAX as an asset? ProScreener does not allow to select the DAX (I am with IG on CFD)

  Thanks for your help

  Chris

  // code proscreener d'exemple TIMEFRAME(daily) CloseVal = Close EQUITYFRAME("shares-xetra","dax") CloseInd = Close EQUITYFRAME(default) Ratio = (CloseVal / CloseInd) *100 RelativeStrength = (Ratio - Ratio[1]) *100 Signal = RelativeStrength crosses under 0 SCREENER(Signal AS"RelativeStrength")

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  // code proscreener d'exemple   TIMEFRAME(daily) CloseVal = Close EQUITYFRAME("shares-xetra","dax") CloseInd = Close EQUITYFRAME(default) Ratio = (CloseVal / CloseInd) *100 RelativeStrength = (Ratio - Ratio[1]) *100   Signal = RelativeStrength crosses under 0 SCREENER(Signal AS"RelativeStrength")

   

  

  Meta Signals Pro

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  12/11/2018 at 12:08 PM #86817
  Nicolas

  EQUITYFRAME instruction can’t retrieve value from another shares list, that’s why you can’t retrieve DAX value in the screener because it is in another one.. Therefore, calculating relative force index with a share compared to its index is impossible .. 😐

  

  Nicolas

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  03/06/2022 at 6:05 PM #189452
  Franckielestore

  Any update on this?

  Comparing one stock with its index is a basic need, will i t be fullfiled with Prorealtime V12, anyone?

  Thanks

  

  Franckielestore

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  03/07/2022 at 10:23 AM #189473
  Nicolas

  You can make it with indicators: look for “relative strength” in your indicator list.

  For screeners, look at these more recent codes which allow the comparison between index and a share:

  https://www.prorealcode.com/topic/screener-force-relative-2/#post-165753

  https://www.prorealcode.com/topic/croisement-ema-avec-force-relative-comparaison/#post-168280

   

   

  

  Nicolas

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  04/21/2022 at 9:57 AM #192008
  teamone

  Indeed i can’t use EQUITYFRAME to build a relative strength line in order to measure growth stock performance versus an index.

  Will this feature be available soon?

   

  Best regards.

   

  

  teamone

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