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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - StockFinder 5.0 » Writing A Realcode

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josht
Posted : Monday, September 28, 2009 1:02:51 PM
Registered User
Joined: 9/4/2009
Posts: 3
 I spoke to one of your representatives today about setting up a stock screener for me to screen stocks every night to give me a list of stocks each night for me to study the weekly and daily charts on those stocks to see if they are in a current uptrend or downtrend.Here are the parameters I need for my dail stock screening that your rep said you can set up for me.
#1- Stocks trading at $30.00 per share and higher.
#2- Stocks that are averaging trading 3000,000 shares per day, over the last 20 days,not 300,000 total over the last 20 trading days, but averaging trading 300,000 or more shares per day over the last 20 trading days.
#3- Stocks that are optinable.
#4-If possible what I need to know with your indicators if there is anyway you can set up a ranking on the stock that tells me if the stock is currently in an uptrend , downtrend, or not trending, or if you can tell me using your sources what your opinion of what each stock could do over the short term, go up in price, down in price, in other words can you give some kind of ranking on each stock.
#5-Stocks are broken down into 197 Industry Sub- Group Rankings.With each stock could you be able to set up where my stock screener tells me which Industry sub- Group each stock is in and also the current weeks ranking of the Industry- Sub- Group, plus what the ranking was 3weeks ago, 6 weeks ago and 7 months ago, this way I would be able to see how the group rating is doing currently to going back up to 7 months
#6- If you can set up #5, would you be able to set something up telling me the position of the stock in that group, in other words is it the #1, or #2, or #3 and so forth stock in that group.
Sub groups examples- Paper and paper products- Media-Newspapers- Mining-Gems-Reatil-Mail  Order&DI- Auto/Trck-Tirs&M- Chemicals-Plastics- Elec-Contract Mfg.
Investors business daily shows in their daily IBD newspaper the 197 Sub-Groups and how they are currently ranked this week 3 weeks ago, 6 weeks ago and 7 months ago, But to save me time I need it on my stock screener so when I screen my stocks every night it will tell me the group the stock is in and everything else I just mentioned.
#7 Investor business daily also has a grading system A-E on accumulation distribution telling you if institutional investors have been(accummulating) buying or selling the stock lightly or heavy over the last 6 months, if the stock has a letter A that means institutional investors are(accummulating) buying the stock heavy, B means they are still buying it but not quite as heavy and C is  so-so, and D and E means the institutional investors are distributing(selling) the stock. Can you put in the daily screener a letter or number telling me the status of what  institutional investors are doing currently with buying and selling of each stock?
If there is anything else you can add to my custom daily stock screener that you think would be beneficial to me, please add it to the screener. The purpose of this daily stock screener is that it will give me a current list of stocks each night for me to look at the weekly and daily charts of these stocks and for me to analyze the charts to see if the opportunity is right for me to purchase the option on that stock..
I am looking for stocks that are currently in an Uptrend or downtrend to purchase an option on the stock and make my profit in 2,3,5 daysIf , sometimes a little longer if the stock keeps moving in the direction I chose.
If you have any other suggestions that you can reccommend , please do so.
Thank you for your patience ,I am looking forward to my custom stock screener .JoshT
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Bruce_L
Posted : Monday, September 28, 2009 5:36:28 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
QUOTE (josht)
I spoke to one of your representatives today about setting up a stock screener for me to screen stocks every night to give me a list of stocks each night for me to study the weekly and daily charts on those stocks to see if they are in a current uptrend or downtrend.Here are the parameters I need for my dail stock screening that your rep said you can set up for me.

The rep misspoke to some extent as we do not offer a service to create scans. We do however try to help you learn how to set up your own scans and provide examples as part of this process. In some cases, the result ends up being the same thing, but that is not the intent of the forums.

The following StockFinder essentials go from introducing StockFinder to documenting its features and RealCode (including hands on exercises).

Navigating StockFinder
Quick Start Card
StockFinder 4.0 at a Glance
StockFinder Workbook
StockFinder User Manual
RealCode Programmers Reference

QUOTE (josht)
#1- Stocks trading at $30.00 per share and higher.

- Right-click on Price History and select Create Rule | Greater Than Value: 30.

Rule Basics

QUOTE (josht)
#2- Stocks that are averaging trading 3000,000 shares per day, over the last 20 days,not 300,000 total over the last 20 trading days, but averaging trading 300,000 or more shares per day over the last 20 trading days.

- Select Add Indicator | Select... | Volume Bars | OK.
- Left-click on the MovAvg of Volume to bring up the Main tab of its Edit window.
- Change the Average Type to Simple, the MovAvg Period to 20 and select OK.
- Right-click on the MovAvg of Volume and select Create Rule | Greater than Value: 3000.

Chart Basics

QUOTE (josht)
#3- Stocks that are optinable.

As stated in my reply to your last request, there is an Optionable Stocks Watchlist that you can use as the basis of any Scans you develop. I do not know of a way to create an Optionable Stock Rule in StockFinder however.

WatchList Basics

QUOTE (josht)
#4-If possible what I need to know with your indicators if there is anyway you can set up a ranking on the stock that tells me if the stock is currently in an uptrend , downtrend, or not trending, or if you can tell me using your sources what your opinion of what each stock could do over the short term, go up in price, down in price, in other words can you give some kind of ranking on each stock.

There are lots of Indicators designed to identify trending stocks. Select Add Indicators | Select... and change the Category to Trend for some examples. The trainers can't give setting, interpretation or investment advice, so I can't recommend anything in particular.

QUOTE (josht)
#5-Stocks are broken down into 197 Industry Sub- Group Rankings.With each stock could you be able to set up where my stock screener tells me which Industry sub- Group each stock is in...

You can add a Column for the Sub Industry a symbol by selecting Add Column | Sub Industry.

QUOTE (josht)
...and also the current weeks ranking of the Industry- Sub- Group...

Assuming the ranking is based on a Price Percent Change, you can:

- Select Add Indicator | Select... | Industry RANK vs All Industries | OK.
- Left-click on the Indicator to bring up the Main tab of its Edit window.
- Adjust the Period as desired (leave Industry as Sub) and select OK.
- Drag and Drop the the Indicator to the Watchlist and select Raw Value.

Ranking by Stock and Industry Performance

QUOTE (josht)
...plus what the ranking was 3weeks ago, 6 weeks ago and 7 months ago, this way I would be able to see how the group rating is doing currently to going back up to 7 months

- Select Add Indicator | Moving Average | OK | RANK Sub vs All | OK.
- Left-click on the Moving Average to bring up the Main tab of its Edit window.
- Change Average type to Simple, MovAvg Period to 1 and Offset to 15 and select OK.
- Drag and Drop the Moving Average to the Watchlist and select Raw Value.

You will want to repeat this using 30 and 147 as the Offsets to get 6-Weeks and 7-Months (this all assumes the Chart's Time Frame is set to 1-Day).

QUOTE (josht)
#6- If you can set up #5, would you be able to set something up telling me the position of the stock in that group...

Assuming the ranking is based on a Price Percent Change, you can:

- Select Add Indicator | Symbol RANK vs Industry | OK.
- Left-click on the Indicator to bring up the Main tab of its Edit window.
- Adjust the Period as desired (leave Industry as Sub) and select OK.
- Drag and Drop the the Indicator to the Watchlist and select Raw Value.

QUOTE (josht)
#7 Investor business daily also has a grading system A-E on accumulation distribution telling you if institutional investors have been(accummulating) buying or selling the stock lightly or heavy over the last 6 months, if the stock has a letter A that means institutional investors are(accummulating) buying the stock heavy, B means they are still buying it but not quite as heavy and C is  so-so, and D and E means the institutional investors are distributing(selling) the stock. Can you put in the daily screener a letter or number telling me the status of what  institutional investors are doing currently with buying and selling of each stock?

No. You could however add the Percent Shares Held by Institutions Indicator and check to see if it is above or below its Moving Average or add a Rate of Change of Indicator to it to find out if the number is increasing or decreasing.

QUOTE (josht)
If you have any other suggestions that you can reccommend, please do so.

The trainers can't give setting, interpretation or investment advice.
-Bruce
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