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.
Options

Relative strength scan

niesmjniesmj ✭
in Scanning
Is there a way to scan for stocks whose price relative to the S&P crossed above its 50 day moving average?

Answers

  • Options
    markdmarkd mod
    Unfortunately, no, although that would be a great scan to have.

    As far as I know, you cannot scan for anything that you would display on the chart with a ratio symbol, e.g. $SYMBOL:$SPX in Price or Price Performance.
  • Options
    lmkwinlmkwin ✭✭
    Well, you "can" sort of. You have to pick a period for the relative outperformance, so it knows what to make a 50 day moving average of. Below passes syntax and returns results.

    and [PctRelative(20,$spx) x EMA(50,PctRelative(20,$spx))]

    I don't know how to check it though.

  • Options
    niesmjniesmj ✭
    Thanks. That doesn't get me what I'm looking for, but it got me thinking. Its a simple calculation to get the 50 day moving avg of relative price. Its too bad their scanning software can't accommodate it. I think the crossover is a great indicator of new outperformance.
  • Options
    lmkwinlmkwin ✭✭
    Change the period to 1 and see if that suites.
Sign In or Register to comment.