s.c.a.n.
Home› Scanning
New Members: Be sure to confirm your email address by clicking on the link that was sent to your email inbox. You will not be able to post messages until you click that link.

Scanning for ranking stocks relative to $SPX

slikjunkslikjunk ✭
in Scanning
Can you scan for relative price to the $SPX? Using RRG? Using Price Relative?

Best Answer

  • markdmarkd mod
    Answer ✓
    You can't scan with Price Relative. I don't see RRG in the indicator drop down on the advanced scan workbench, either.

    There are two ways you can go, that I know of.

    First you have to choose a yard stick to measure relative performance - e.g. ROC(21) or ROC(63) - rate of change for one or three months.

    Then, either get the ROC value of $SPX and plug that number into your scan - e.g. if ROC(63) is, say, 5.25, then your scan would have the line "and [ROC(63) > 5.25]"; or, include $SPX in a list of stocks you are interested in and then scan that list including the line "rank by ROC(63)"; on the results page, stocks above $SPX are doing better.

Answers

  • slikjunkslikjunk ✭
    Thanks for the reply. It gives me some ideas to get what I am looking for.
Sign In or Register to comment.