servus777
2 posts
msg #154966
- Ignore servus777 |
12/16/2020 7:28:05 AM
I'm trying to find stocks that in IBD have a Relative Price Strength (RS) Rating above 95 using a stock fetcher filter. Any ideas on which filter to use to come up with something close to the RS rating in IBD.
Thanks in advance for your help.
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JoeyVinyl
125 posts
msg #154976
- Ignore JoeyVinyl
modified |
12/16/2020 6:28:13 PM
I don't know what they're measuring the RS against so this might not help. You might also have to make a watchlist of their stocks to use in a filter. I have something I call my Base Code to measure RS against four different indexes and create an average. I use it in all my filters because I think RS is useful, but that might just be me.
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servus777
2 posts
msg #154999
- Ignore servus777 |
12/17/2020 5:45:06 PM
Thank you!
I am pretty new here. How would I now be able to use the score to reduce the number of stocks?
I am looking for stocks that have a very high RS
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JoeyVinyl
125 posts
msg #155010
- Ignore JoeyVinyl |
12/18/2020 11:27:57 AM
One way is to add the line:
rsavg > 1
That will only show you stocks with a relative strength equal greater than the index. Then you want to add the lines:
add column rsavg
sort column 5 descending
The four basic columns that you can't change (but you can sort on) are Symbol, Last, Chg(%), and Vol. When you add a column it becomes the fifth one, so by sorting on the fifth column you'll see the highest RS stocks first.
Keep in mind, a high RS doesn't mean the stock price is moving higher. It just means the stock is doing better than the index you're comparing it to. If the index is dropping the stock may also be dropping but at a lower rate.
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