Scan for percent change

Stans

I'm looking for finding, or writing, a scan for seeing the percent change of a group of stocks over a time period. With the Performance chart I can enter stock symbols and I'll get a chart showing the percent change over time of the entered symbols. I'm wanting the same result, but in a LIST instead of a chart. For example if I specify the S&P500 I'd get a listing of the percent change over time (1 year, for example, or 6 months). Or using the NDX100 I'd get the Nasdaq 100 stocks percent change over time.
Any thoughts or suggestions ??
Thanks
Stan

markd

This might work for you:

[group is sp500] // or another index, or one of your own lists from the list dropdown below the scan window

rank by ROC(50)

That's it.

ROC(50) is rate of change over 50 days, expressed as a per cent. The "rank by" value appears in the last column of the results page. You can replace 50 with any other useful number of days.

To save the list in that order, click on Save to Chartlist, and then "Number in Sorted Order" then specify a name for a new list, or replace an existing list. Don't merge to an existing list.

What's potentially interesting about this approach, depending on the ROC period, probably, is stocks near the top of the ROC % list but with a low SCTR rank (coded yellow or red) could be breaking out.

Stans

Wonderful Mark!! So simple, and yet so powerful. Thanks

RAClose

Excellent question, Stan, I was trying to write something up so people would understand it and thankfully you posted your question! May I add to Stans request?
Is there a way to:
1) change the volume bars on SharpCharts and ACP to show percentages of buy vs sell volumes?
2) is there a scan that would show which stocks over a designated period has increased their percentages of buy or sell, (not necessarily an increase in volume) in hopes of verifying a possible reversal or breakout. Thanks so much, and forgive me Stan if I over reached on your excellent post.

markd

1 - as far as I know, no. The split color volume bar I've seen elsewhere is not available on SC.

2 - However, there are several indicators purporting to show the balance of buying and selling, e.g. OBV, Force, Accumulation/Distribution, Chaikin Money Flow, Money Flow Index, or changes in overall volume, e.g. Percent Volume Oscillator.

I'm not familiar with how or how well all these indicators work.

Wyckoff says a managed stock will show a period of accumulation, where there is net buying but price is relatively stable of falling. "Managed" means, in the language of his day, a stock with one or more syndicates behind it; today we would probably call a syndicate a hedge fund. In other words, the fund(s) wants to acquire a large enough position to create scarcity in anticipation of improvement in the company's prospects, but without attracting attention that would raise the price. So they net buy while prices are still falling or rallying weakly (they themselves cap the rally, if necessary, to discourage other buyers who could sell too soon, preventing the stock from getting to their expected distribution price). When the good news arrives, the stock is hard to buy because the funds have a large chunk of the float, so the price rises. When it does, it rises in an orderly way (like a Darvas stock) because the funds support the price to keep down legs in check, and short the rallies to prevent short term over-speculation that could produce viral selling, until it's time for distribution. Of course, they don't always get away with it.

You can use Force to see this happening (although not every instance works out). See the Divergences section of the chart school article here:

https://chartschool.stockcharts.com/table-of-contents/technical-indicators-and-overlays/technical-indicators/force-index#calculation

You can also see this in Tesla in the first quarter:





Other indicators may work, too, but I haven't researched them.