Relative Strength New Highs Screener

BeeRad · 2021-08-14T23:28:29+00:00

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

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08/15/2021 at 12:28 AM #175374 quote

BeeRad
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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

Legend
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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