Relative strength

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  • 04/16/2016 at 7:25 PM #5500 quote
    applet
    Participant
    New

    Is it possible to code in screener which calculates the relative strength based on the performance of indices? Lets say I have a watchlist of S&P sectors such as XRT, XLP etc. and I want to rank them based on their relative performance against SPY (S&P 500) using Pro Screener ie XRT / S&P 500 and so on…

    04/16/2016 at 7:53 PM #5503 quote
    Nicolas
    Keymaster
    Master

    Yes it’s possible, you have a quick example here, in the online documentation :

    http://www.prorealcode.com/documentation/equityframe/

    Let me know if you can achieve what you want with this code.

    04/16/2016 at 9:19 PM #5504 quote
    applet
    Participant
    New

    Thanks. It worked. Name of the code is “RS”. When I save this I am not sure why is it giving me the following error. Any idea?

    The program “RS” does not contain code.

    TIMEFRAME(daily)
CloseVal = Close

EQUITYFRAME("Shares - US (AMX)","SPY")
CloseInd = Close

EQUITYFRAME(default)
Ratio = (CloseVal / CloseInd) *100
RelativeStrength = (Ratio - Ratio[5]) *100

SCREENER(RelativeStrength AS"RelativeStrength")
    04/17/2016 at 4:35 PM #5521 quote
    Nicolas
    Keymaster
    Master

    Sorry, i don’t understand what would cause this behaviour. Maybe a simple reboot of the platform with a save on exit?

    10/30/2016 at 9:52 AM #15711 quote
    luckyhaa
    Participant
    Junior

    Is it possible to scan (find out) entire stocks in particular market (let say UK stocks) ?

    or i need to add one scanning condition ….stocks select if RS > 80

     

    I appreciate your support

    07/28/2020 at 1:51 PM #140304 quote
    arya.mousavi20
    Participant
    New

    Hi, I got an error at this line:

    EQUITYFRAME(“Shares – US (AMX)”,“SPY”)

    Do you know how to fix that?

    07/28/2020 at 2:27 PM #140306 quote
    robertogozzi
    Moderator
    Master

    Write the strimg exactly the way it is in your platform, I used (in italian):

    EQUITYFRAME("Azioni - US (NYSE)","SPY")
    10/14/2020 at 11:03 AM #147396 quote
    m95mcdonnell
    Participant
    New

    Did this work for you?

     

    I am trying to get the prorealcode screener to only return stocks listed in the SP500

    10/14/2020 at 11:27 AM #147398 quote
    robertogozzi
    Moderator
    Master

    Do not double post. Ask your question only once and only in one forum. All double posts will be deleted anyway so posting the same question multiple times will just be wasting your own time and will not get you an answer any quicker. Double posting just creates confusion in the forums.

    You have created a new topic about that.

    Thank you 🙂

    m95mcdonnell thanked this post
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Relative strength


ProScreener: Market Scanners & Detection

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applet @applet Participant
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This topic contains 8 replies,
has 6 voices, and was last updated by robertogozzi
5 years, 5 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 04/16/2016
Status: Active
Attachments: No files
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