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I am trying to develop two similar scans and can't seem to do it:
1) Trying to scan for all stocks that their EMA(5) of relative price compared to SPY is rising over the past 10 days.
Ex: EMA(5) of STOCK1:SPY is rising.
EMA(5) of STOCK2:SPY is rising
ETC.. ETC
2) Scan for all stocks that have their EMA(5) relative price compared to their sector are rising for past 10 days.
Ex: EMA(5) of WMT:XLP is rising
EMA(5) of APPL:XLK is rising
ETC.ETC
Thanks.
0
Comments
If you could, it might look like this
and [ema(5, IBM:$SPX) > 5 days ago ema(5,IBM:$SPX)
There is a PctRelative function which finds "the difference between the security's Percent Change (PctChange) value and the PctChange value of the specified symbol". It doesn't seem to be the same thing, but it might be useful to you. I haven't tried it inside and EMA function, but maybe it's worth a try. It's explained here about 3/4 down the page:
https://support.stockcharts.com/doku.php?id=scans:functions