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Registered User
Joined: 3/4/2005
Posts: 94
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In addition to the stock symbol price, I have the SP-500 on the price screen. The SP-500 has its own seperate prices displayed in a colum to the right of the stock prices.. What I would like to do is have SP-500 on the prices of the stock. The reason I would like to do this is so I can test for whether the stock is out performing the SP-500 or not. I can visually see when it is doing so but I do not know how to match up the two lines.
Thanks in advance.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You should be able to Open the attached Chart directly into a running copy of StockFinder. It has to be saved as a Chart because it uses something "external" to the Pane (the Start Date of the Chart) in its calculations. Attachments:
Comparison_Symbol_to_Active_Scale.sfChart - 68 KB, downloaded 598 time(s).
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/4/2005
Posts: 94
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Thanks Bruce:
A couple of issues.
1. I added a rule to be true when price is above sp-500 and then dragged the rule to the main watch list to scan. I have the russell 3000 as a watch list. The scanning process continually restarts. Is thiscaused by your "external refference"?
2 Comparing the two charts (one with sp on own index, second on same index) they do not appear to agree.
Example -Both charts are on one day time frame
On combined index sp has been above jcp price since 10/27/09.
On seperate index sp does not cross until 11/25/09
I would appreciate your comments.
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Administration
Joined: 9/30/2004
Posts: 9,187
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Have you tried using the "Relative Strength vs Symbol" indicator? Set the indicator symbol to SP-500. If the RS line is moving up, then the stock is outperforming the SP-500. If the line is moving down, it's underperforming the index.
Create a condition with the RS line and set it to Moving Up over whatever time period you want to measure performance.
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Registered User
Joined: 3/4/2005
Posts: 94
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Administration thanks for the reply:
Question:
On the RS vs the SP-500 what is the rsi period?
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Administration
Joined: 9/30/2004
Posts: 9,187
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The period is whatever you set it to. By default the period is 10 bars but you can edit the indicator and set it to whatever period you want.
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Registered User
Joined: 3/4/2005
Posts: 94
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Does the RS-Sp-500 look at the RS indicator for its period. The reason I ask is there is no place that I see in the RS-SP-500 to access time period. The only thing I see is to change the compare to field (where the SP-500 has been put).
I do have a relative strengh indicator set to to 9. Is it using this?
Sorry to be so slow.
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Administration
Joined: 9/30/2004
Posts: 9,187
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The Relative Strength graph doesn't have a period, but when you create a condition and set it to "Moving Up", you can specify over what period. If you enter 9, then the RS graph has to be moving up from 9 bars ago until now to return True meaning that over the last 9 bars the stock has been outperforming the SP-500.
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Registered User
Joined: 3/4/2005
Posts: 94
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thank you stockguy
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