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Scanning to find high relative strength stock
I am new to this forum. I am looking for a scan which will show all stocks when the relative strength of a stock( AAPL: SPX) crossed the 50 day moving average of ( AAPL: SPX). I will appreciate your help.
It is not possible to scan for Price Relative, but you can scan for Relative Strength using SCTRs.
I like the idea of scanning for Price Relative crossing a Moving Average, but unfortunately that is not possible.
A Relative Strength scan using SCTRs looks like this:
and [SCTR > 90]
You can optionally specify a universe or group.
Here's a link to SCTRs in Chart School: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:sctr