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Stock Ranking using Rate of Change and SMA Volume

by QuantShare, 3318 days ago
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This screen looks for stocks that have the highest increase in price and volume over a period of 10 bars. It uses the composite function to calculate the percentile value of the close price increase (using the rate of change trading indicator) and the percentile value of the volume increase (using the ratio of the simple moving average of the volume for last 10 days to the simple moving average of the volume for the last 50 days) compared to other stocks in the analyzed list of symbols.

Once the close price and volume percentile values have been calculated the screener displays these values as well as a score that simply averages these percentile numbers. The highest score corresponds to the stock that had the highest combination of price and volume increase of all stocks analyzed by the screen.

This trading screen contains also a filter rule that ignore stocks which a close price below two dollars. This filter is also included in both composite functions so that these low priced stocks (and penny stocks) are not accounted in the composite calculation process.

The first line of the screen formula contains the lookback period value. It is used when computing the rate of change and simple moving average and it can be changed to any value you think is more suitable. You can also assign different weights to the close price and volume composites simply by changing the last argument of the "Score" column function. Currently the score results from the average composite values and therefore the close and volume composites have the same weight.




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Type: Screen

Object ID: 784


Country:
All

Market: Stock Market

Style:
Technical Analysis

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