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The "Money Flows - Selling on Strength" item downloads a list of advancing/up U.S. stocks with the largest outflow of money. Outflow of money happens when the number of shares traded on downticks exceeds those that were traded on upticks. Usually an outflow of money would cause the share price of a company's stock to drop. It is not the case with the list of symbols downloaded by this item and thus these stocks may be potential sell targets.
The elements are stored in a database named "selling_strength" and contains the following fields: Percentage change, one-week percentage change, money flow, money flow uptick, money flow downtick, money flow ratio, block trades, block trades uptick, block trades downtick and block trades ratio. You can get more information regarding these fields here: Money Flows - Buying on Weakness.
Here are some examples on how to use this data:
Using the screener, you can search for stocks with large block-trades outflow of money by using the following rule:
GetData("selling_strength", "block_trades_ratio", Zero) < 0.5
The screener will search for stocks whose block-trades money flow ratio is lower than 0.5, which means that the volume on downticks is higher than twice the volume on upticks.
The next rule will detect stocks whose block trades ratio is lower 0.5 for two days in a row:
hhv(GetData("selling_strength", "block_trades_ratio", NA), 2) < 0.5
This rule assumes that you have run this downloader on the last trading day.
Each time you use this item, the data is added to the database (It does not replace the existing data). Each figure or element has a date associated with it.
You can also use Money Flows - Buying on Weakness to get potential buy opportunities, declining stocks with the largest inflow of money.
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