Relative Performance Scan

jdedwa11

Written from a daily perspective.
Finds stocks that have outperformed your chosen index for 6mo, 3mo, 1mo and the last week. That is, above the line in all 4.
I have not found a way to add sector and industry outperformance to the scan, so that will require a chart review of the results.
Helpful?

//
and [ PctRelative(126,$spx) > 0 ]
and [ PctRelative(126,$industry) > 0 ]
and [ PctRelative(126,$sector) > 0 ]
//
and [ PctRelative(5,$spx) > 0 ]
and [ PctRelative(5,$industry) > 0 ]
and [ PctRelative(5,$sector) > 0 ]
//
and [ PctRelative(63,$spx) > 0 ]
and [ PctRelative(63,$industry) > 0 ]
and [ PctRelative(63,$sector) > 0 ]
//
and [ PctRelative(21,$spx) > 0 ]
and [ PctRelative(21,$industry) > 0 ]
and [ PctRelative(21,$sector) > 0 ]
//
rank by [sctr]

azb

Very helpful. Thanks.

Here are my comments ....
a) move the 5 set below the 21 set, to keep order (could prevent future errors)

b) comment out the 5 set. 5 days is too small. This increased my sort from 24 to 37, for example. Perhaps you can find a pullback here.

c) here are additional RANK BY you can use ... (use only ONE per scan) (they each tell a different story)
// rank by [ PMO Line(35,20,10) ]
// rank by [ monthly PctRelative(1,$spx) + monthly PctRelative(2,$spx) + monthly PctRelative(3,$spx) ]
// rank by [ MONTHLY PctRelative(1,$spx) + MONTHLY PctRelative(1,$spx) + MONTHLY PctRelative(2,$spx) ]
// rank by [ close/SMA(8) + GoNoGo Oscillator ] // the close/SMA(8) just adds a small decimal value to the narrow GnG -6 to +6 range

d) you can optionally add this strength criteria if you need to ...
// ..... pure strength
// ..... AND [ [ PMO Line(35,20,10) > PMO Signal(35,20,10) ] and [ PMO Line(35,20,10) >= 0 ] ]