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Relative Strength Rank Screener

FabiusMor · 2019-10-24T19:22:32+00:00

Good evening everyone, i’m testing a strategy based on the sector rotation, so i’ve put together a watchlist with several sector ETFs from the S&P500. The strategy consists in trading just the top 3 ETFs ranked by the strength of their trend. How to measure the strenght of the trend? I’ve read many articles and someone made an expression to calculate it. This is the expression: TrendStrength=(2*close/close(63))+(close/close(126))+(close/close(189))+(close/close(252)) where close(63) is the closing price of 63 days ago and so on. The screener should rank the titles in the watchlist by this value. Can someone help me with this? Also, any other ideas on this topic or other ways to calculate this value are well accepted. Thank you and have a nice evening. F

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ProScreener: Market Scanners & Detection
Relative Strength Rank Screener

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11/01/2019 at 9:59 AM #111795 quote

FabiusMor
Participant

Junior

Thank you very much Nicolas, I’ll work on that!

05/02/2021 at 4:08 AM #168539 quote

qizhong
Participant

New

Nicolas, if it possible to calculate IBD RS percentile number and sort based on the percentile number instead of the RS number per the formula?

”

Sorry, my mistake, Close offset should be in brackets, not parenthesis 🙂

1

2

3

TrendStrength=(2*close/close[63])+(close/close[126])+(close/close[189])+(close/close[252])

screener(TrendStrength)

”

Here is link to show exact what I mean:

https://forum.amibroker.com/t/how-to-imitate-ibd-relative-strength-percentile-ranking-of-stocks/6068

Thanks in advance!
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Relative Strength Rank Screener

ProScreener: Market Scanners & Detection

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FabiusMor @fabiusmor Participant

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This topic contains 16 replies,
has 1 voice, and was last updated by qizhong
5 years, 6 months ago.

Topic Details

Forum:	ProScreener: Market Scanners & Detection
Language:	English
Started:	10/24/2019
Status:	Active
Attachments:	1 files

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Relative Strength Rank Screener

Stuck on this ProBuilder code?

Relative Strength Rank Screener ProScreener: Market Scanners & Detection

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Relative Strength Rank Screener

ProScreener: Market Scanners & Detection