Scanning for uptrend or downtrend of stocks

Answers

• Options

  markd mod

  July 2020

  A simple way to compare today's value to a year ago value would be
  
  and [close > 251 days ago close * 1.2]
  
  That says, today's close is greater than a year ago's close (there are about 251 trading days in a year) plus 20%.
  
  and [close < 251 days ago close * .8]
  
  That says, today's close is at least 20% less than the close a year ago.
  
  Neither scan tells you how price behaved in between a year ago and today. So there may or may not have been a steady up trend or down trend between now and then (in fact, it's unlikely given the corona drop). More likely, for most stocks, there have been several trends, with a net result of an increase or decrease between the two dates.

  0
• Options

  lmkwin ✭✭

  July 2020 edited July 2020

  You can also use the PctChange filter from the Technical Indicators dropdown. When you select it and Add it, it defaults to this:
  
  and [PctChange(10,close) > 10]
  
  This is saying that the percentage change in the last 10 days is 10.00001% or greater.
  
  To get a year greater than 20% you change the first 10 to 251 and the second 10 to 20
  
  and [PctChange(251,close) > 20]
  
  You can also "convert" to weekly or monthly with modifiers
  
  and [weekly PctChange(52,weekly close) > 20]
  and [monthly PctChange(12,monthly close) > 20]
  
  To get a Decrease, you'd just change the > to a <.
  
  I use the PctChange in Seasonality scans, among other scans.
  
  You can even use it in the Rank By statement, at the end of a scan to sort the scan.
  
  Rank by [PctChange(251,close)]
  
  Rank by is a great way to add data to the output that you can export, as well as providing a sort order you can save into a ChartList

  0