Breadth Thrust Alert

Comments

• revblc ✭

  March 2022

  I think I solved my own question in 2 lines of code
  
  [symbol is '$NYAD']
  and [sma(5, close)> 2432]

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• revblc ✭

  March 2022

  or maybe
  
  [symbol is '!ADVNYA']
  and [sma(5, close)> 2432]
  
  assuming total issues on the NYSE is 3302

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• markd mod

  March 2022

  The scan engine is designed to return symbols, not numbers, so your first attempt won't work.
  
  The second and third attempts will run and will return $NYAD or !ADVNYA if true.
  
  I'm assuming the 2432 represents the number of issues that is the target per cent of total issues (73.61?).
  
  That number might or might not be useful for a couple of reasons - the number of issues on the exchange varies over time as new issues are added and others delisted. Also, not every issue trades everyday.
  
  You could choose a number by charting the !ADVNYA with it 5 MA, then see what level meaningful peaks generally cross and use that number as a threshold. It looks to me like !ADVNYA's MA 5 hasn't hit 2400+ in months.
  

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• revblc ✭

  March 2022

  ^ very helpful, thank you. You're right, it would be significant if it did tomorrow I think

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