Relative Strength New Highs Screener

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  • 08/15/2021 at 12:28 AM #175374 quote
    BeeRad
    Participant
    New

    Hey guys,

    I was wondering if you could help me create a relative price strength screener.

    The logic is as follows,

    Price as at close / price of index i.e S&P500 = relative price

    Then scan the market for relative price being at all time highs

    Any help would be appreciated,

    Cheers,

    Brad

    08/15/2021 at 8:10 AM #175378 quote
    robertogozzi
    Moderator
    Master

    Try this one (not tested):

    EQUITYFRAME("Indices - MIB","MIB")
Index = close
//
EQUITYFRAME(default)
Stock = close
//
Ratio = Stock / Index
Cond  = highest[254](Ratio)
SCREENER[Cond](Ratio AS "Performance")

    Change the name of Index as best fits you, according to the names coded by PRT in the market list when searching assets.

    BeeRad thanked this post
    08/16/2021 at 12:52 AM #175416 quote
    BeeRad
    Participant
    New

    legend thankyou!

    04/06/2022 at 1:18 PM #191333 quote
    PSIDIO
    Participant
    New

    Hello,

    thanks for the screener.

     

    Is this screener according to Levy (hence relative strength?)

     

    Greetings

    Nikolas

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Relative Strength New Highs Screener


ProScreener: Market Scanners & Detection

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BeeRad @beerad Participant
Summary

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

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 08/15/2021
Status: Active
Attachments: No files
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