Scanning for ranking stocks relative to $SPX
Best Answer
-
You can't scan with Price Relative. I don't see RRG in the indicator drop down on the advanced scan workbench, either.
There are two ways you can go, that I know of.
First you have to choose a yard stick to measure relative performance - e.g. ROC(21) or ROC(63) - rate of change for one or three months.
Then, either get the ROC value of $SPX and plug that number into your scan - e.g. if ROC(63) is, say, 5.25, then your scan would have the line "and [ROC(63) > 5.25]"; or, include $SPX in a list of stocks you are interested in and then scan that list including the line "rank by ROC(63)"; on the results page, stocks above $SPX are doing better.0
Answers
-
Thanks for the reply. It gives me some ideas to get what I am looking for.0
Categories
- All Categories
- 2.4K StockCharts
- 397 SharpCharts
- 146 Other Charting Tools
- 69 Saved Charts and ChartLists
- 1.5K Scanning
- 74 Data Issues
- 177 Other StockCharts Questions
- 224 Technical Analysis
- 155 Using Technical Analysis
- 6 InterMarket and International
- 19 Market and Breadth Indicators
- 44 Market Analysis
- 109 Trading
- 109 Trading Strategies
- 162 S.C.A.N the StockCharts Answer Network forum
- 64 Using this StockCharts Answer Network forum
- 98 s.c.a.n. archives
- 7 Off-Topic
- 7 The Cogitation & Rumination Emporium
- Forum Test Area
