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Money Flows - Selling on Strength

by Tom Huggens, 3012 days ago
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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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Type: Download Script

Object ID: 414


Country:
United States

Market: Stock Market

Style:
Technical Analysis

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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.