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

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

    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")
    12/11/2018 at 12:08 PM #86817 quote
    Nicolas
    Keymaster
    Master
    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 .. 😐
    03/06/2022 at 6:05 PM #189452 quote
    Franckielestore
    Participant
    Average
    Any update on this? Comparing one stock with its index is a basic need, will i t be fullfiled with Prorealtime V12, anyone? Thanks
    03/07/2022 at 10:23 AM #189473 quote
    Nicolas
    Keymaster
    Master
    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:
    screener force relative
    Croisement EMA avec Force relative comparaison
    04/21/2022 at 9:57 AM #192008 quote
    teamone
    Participant
    New
    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.
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Summary

This topic contains 4 replies,
has 3 voices, and was last updated by teamone
3 years, 11 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Started: 11/22/2018
Status: Active
Attachments: No files
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