| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 3/21/2005
Posts: 13
|
I need help to construct an Easy Scan:
Relative Strength 1 Year (vs SP-500) weighted to emphasize more recent performance.
Expressed as a percentile ranking (scaling between 0 - 99 )
I would like to scan all ETF's of 1Year or older for Exponential RS > 80
I view my charts mostly in a Weekly time frame.
Currently I use the visual value sort to find the top 15 ETF's without a value range
I am guessing at the exact position when rebalancing.
Thanks a lot. hheiden
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
The Sort order of a Price Percent Change over one year would be the same as the Sort order of the Relative Strength vs the SP-500 over one year.
I am not quite sure what you mean by "Relative Strength 1 Year (vs SP-500) weighted to emphasize more recent performance" or "Exponential RS". There have been multiple requests related to IBD's "Relative Strength" Indicator however which is actually an average of the 3-Month, 6-Month, 9-Month and 12-Month Price Percent Changes with the 3-Month Percent Change having twice the weight of the other three Price Percent Changes.
40 * C / C63 + 20 * C / C126 + 20 * C / C189 + 20 * C / C252 - 100
You could use this Personal Criteria Formula as an EasyScan Condition with the EasyScan Rangefinder set to Rank: 80 to Max (99) in an EasyScan with the Watchlist to Scan set to Exchange Traded Funds.
You could also use the PCF as a Watchlist Column. In the current version of TeleChart, this Watchlist Column could be set to display the Rank.
Customize the Information Displayed in the WatchList
Create your own stock rankings using WatchLists and Sort conditions
But in the TC2000.com version 11 beta, you could only display the Value (keeping in mind that the sort order is exactly the same).
EasyScans and Column Sorting
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
Registered User
Joined: 3/21/2005
Posts: 13
|
Thanks Bruce I'll try your suggestion. hheiden
|
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
|
|
Guest-1 |