Relative Strength New Highs Screener

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

  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

  

  BeeRad

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

  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")

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  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.

   

   

  1 user thanked author for this post.

  BeeRad

  

  robertogozzi

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  08/16/2021 at 12:52 AM #175416
  BeeRad

  legend thankyou!

  

  BeeRad

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

  Hello,

  thanks for the screener.

   

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

   

  Greetings

  Nikolas

  

  PSIDIO

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