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Slope parameter for $Symbol:$SPX

Trying to add "and [Slope(65,'$Symbol:$SPX')>.1]" to a scan. I get the "Scan Syntax is Correct" message but a red/X box to the left of the line stating "slope parameter is invalid". Any assistance on how to correctly enter this line would be greatly appreciated.

Comments

  • lmkwinlmkwin ✭✭
    edited October 1
    '$Symbol:$SPX' isn't a symbol. So it does know that to scan for.

    Also, the apostrophe's at the beginning and the end also are masking the actual issue. If you remove them, the error on the Check Syntax says

    Could not parse "$SYMBOL:$SPX" located in the clause "SLOPE(65,$SYMBOL:$SPX)"

    This is because $Symbol:$SPX isn't a symbol either.


    In scans, RS wise, there is PctRelative that allows you to pick the period you want to look at, and pick the PctRelative symbol, like $SPX and then select a value to look for. If looking at the Slope being Positive, put a positive number in the PctRelative. Like PctRelative(65,$SPX) > 0.1

    It's not exactly the same as Slope 65,$Symbol:$SPX that you can see on a chart but it's about as good as it gets on the Scanner options. PctRelative is in the 1st section of the Technical Indicators dropdown.
  • Thanks, I was hoping there would be a way the scan could look at the RS of each of the individual stocks in the scan vs. $SPX or $Industry but I guess not. I'm happy with my current Slope parameters in my scans, just hoping to take it to another level....
  • I can see where PctRelative would work for $SPX but I was really trying to look for concomitant positive slopes for both $SPX and $Industry to cut down on visual review time. I doubted there was a way but knew you'd be able to tell me if there was.

    Thanks again.
  • If you are scanning lists, you can include $SPX as a symbol (and/or an industry symbol, e.g. $DJUSOL), then rank by Slope. Rank by must be the last statement in your scan. If you want, it can be the only statement after you select the list to rank from the drop down.

    [favorites list is 9]// energy exploration and production (for example)
    rank by Slope(x)


    On the results page, symbols appearing above $SPX and/or $DJUSOL have a higher slope value (the Slope value appears on the results page, but is lost when the results are saved to a list - unless your chart style includes the same Slope as the scan). When you save to a list, check off 'preserve order'.
  • lmkwinlmkwin ✭✭
    @Towen $industry and $sector ARE valid symbols to use in the PctRelative.




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