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 Platinum Customer
Joined: 3/31/2006
Posts: 3,207
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Can we Rank Stocks in TC based on their price performance?
Something similar to IBD's RS Rank
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Ranks are only available as EasyScan Conditions in TC2000 version 12.4. There is no way to create a WatchList Column to display the actual rank in TC2000 version 12.4.
You can calculate the formulas used as the basis of IBD's Relative Strength, but you can't then display the rank.
40 * C / C63 + 20 * C / C126 + 20 * C / C189 + 20 * C / C252 - 100
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Platinum Customer
Joined: 3/31/2006
Posts: 3,207
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I have the 12.3.4906 version
Is this the final version?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The most recent version is TC2000 version 12.4 instead of TC2000 version 12.3. You can go to the following website to run and install TC2000 version 12.4.
http://www.tc2000.com/
Note that TC2000 version 12.4 will not replace TC2000 version 12.3, it will be installed in addition to TC2000 version 12.3. The icon for TC2000 version 12.3 will just be called TC2000 and the icon for TC2000 version 12.4 will be called TC2000 v12.4.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Platinum Customer
Joined: 3/31/2006
Posts: 3,207
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Ok thx
Bruce can i plot the Rank as an indicator?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Ranks are only available as EasyScan Conditions in TC2000 version 12.4. There is no way to display the actual rank in TC2000 version 12.4 (be it as a WatchList Column or an Indicator).
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Platinum Customer
Joined: 3/31/2006
Posts: 3,207
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Ok so I can create a condition with your PCF above and run a EasyScan on a watchlist with stocks Ranking > 80?
I tried to create a condition with the PCF and when I click OK it tells me "The formula you entered does not return a boolean result. If you continue it will be saved as an indicator"
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The formula itself is not a Condition Formula. It is an Indicator Formula because it returns a value:
40 * C / C63 + 20 * C / C126 + 20 * C / C189 + 20 * C / C252 - 100
So if you create the formula, it will show up as an indicator and not as a condition. The "error" message is just letting you know it is being saved as an indicator and not as a condition.
Once you have created and saved the formula, you can select Add Condition in the Edit tab of an EasyScan to add the Indicator Formula to your EasyScan. You will want to set the Condition to Ranks (the List to Rank Against is up to you) and then adjust the EasyScan Rangefinder as desired. This will convert the Indicator Formula into an EasyScan Condition based on Rank.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Platinum Customer
Joined: 3/31/2006
Posts: 3,207
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thx
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Platinum Customer
Joined: 3/31/2006
Posts: 3,207
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Bruce
Can a show the value of the Rank as a column in the watchlist or place a check mark if Rank is > 70
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
Ranks are only available as EasyScan Conditions in TC2000 version 12.4. There is no way to create a WatchList Column to display the actual rank in TC2000 version 12.4 or display a check mark based on the rank.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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 Gold Customer
Joined: 3/3/2013
Posts: 57
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Good Morning Bruce,
Scan Conditions & Ranking
The Scan I'm attempting to produce is an average % of a few MA's relative to price (trying to capture the stocks overall strength - long & short view back) (& eliminate some MA's on the screen):
100 * ((C / XAVGC5 + C / XAVGC10 + C / XAVGC20 + C / XAVGC50 + C / AVGC100 + C / AVGC200) / 6 - 1)
4 Questions if you please:
Is this a legitimate view of the stock's overall strength (giving some added confidence for a stocks ability to rebound or breakout)?
Am I comparing apples to apples w/ this scan regardless of stock price (a $10 vs a $100)?
Does a Ranking Scan produce a product that is Ranked in Top-to-Bottom, Bottom-to-Top or in Random Order?
After the scan populates, how do I re-sort if needed?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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QUOTE (stochastics) Is this a legitimate view of the stock's overall strength (giving some added confidence for a stocks ability to rebound or breakout)?
This is the type of question I can't actually answer. We are not allowed to provide investment, settings or interpretation advice.
QUOTE (stochastics) Am I comparing apples to apples w/ this scan regardless of stock price (a $10 vs a $100)?
Yes, this is an apples to apples comparison using percentages which should allow you to directly the compare the results of $10 and $100 equities.
QUOTE (stochastics) Does a Ranking Scan produce a product that is Ranked in Top-to-Bottom, Bottom-to-Top or in Random Order?
EasyScans and sorts are two different things.
Building a Scan with Multiple Conditions (7:29)
If there is an active sort for the scan, then that scan will be sorted by that particular WatchList Column. You will be able to tell if the results are in ascending or descending order depending on the direction of the triangle at the top of the WatchList Column being used as the sort. Clicking on that same WatchList Column will reverse the direction of the sort.
You could use your formula as a WatchList Column and sort if desired.
Sorting with Indicators (3:40)
QUOTE (stochastics) After the scan populates, how do I re-sort if needed?
You can click at the top of a WatchList Column to use a WatchList Column as a sort. You can select Re-Sort (in the bottom right of the WatchList) to force a re-sort using the same WatchList Column and sort order.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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