How to create a watchlist of scrips that are in an intermediate uptrend

How to create a watchlist of scrips that are in an intermediate uptrend

Mark
2010-07-22 05:10:06

Hi Quantshare team,

First thanks for this excellent piece of software. I have been using it extensively lately and in the process learning a lot about it too.

What I wanted to do is basically make 3 watchlist - 1 for uptrend, another for down trend and the last one for the Range bound scrips.

Could you please guide me as to how I can make this possible with Quantshare? Your inputs are highly appreciated.

Thanks & Regards,

Mark

QuantShare
2010-07-22 08:28:18

Thank you Mark.

Do you want know how to write the uptrend and downtrend formulas?

Mark
2010-07-24 00:18:00

Yes please. That would be great. Thank you for your time.

Best Regards,

Mark

QuantShare
2010-07-24 06:09:54

Best Answer

There are several ways to create rules that detect uptrends and downtrends.
You can for example use the moving average:
uptrend = close > sma(30);
downtrend = close < sma(30);

Or the Adx indicator:
uptrend = adx(10) > 25 and perf(close, 10) > 0;
downtrend = adx(10) > 25 and perf(close, 10) < 0;

ADX Value - Trend Strength
0-25 - Absent or Weak Trend
25-50 - Strong Trend
50-75 - Very Strong Trend
75-100 - Extremely Strong Trend

Mark
2010-07-24 08:20:58

Duh!!! That was simple... I should have thought of that myself...

Thank you so very much for your support. You guys Rock!

Best wishes,

Mark

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