Relative strength

applet · 2016-04-16T18:25:37+00:00

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…

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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

Legend

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

Legend

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

Legend
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

Legend

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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