Price Relative Scans/
| Ticker | ||
| AH | ESI | MRGE |
| APAGF | ESLT | NANO |
| APEI | EXAC | NEU |
| APFC | EZPW | NFLX |
| ARB | FLL | OYOG |
| AXTI | FSYS | PCLN |
| BIDU | GPOR | PEET |
| BKI | IDCC | PERF |
| BMI | IGTE | POPE |
| BRID | ININ | PSMT |
| BWLD | IOSP | QCOR |
| CACC | IPGP | RBCN |
| CAP | IVC | RELL |
| CAVM | JOSB | RNOW |
| CKSW | JVA | SANW |
| CMG | KID | SNX |
| CPLA | KIRK | TITN |
| CROX | KS | TYL |
| CSII | LINC | ULTA |
| CVCY | LL | VIFL |
| DDIC | LULU | VIT |
| DECK | MCHX | VLTR |
| DTLK | MED | VMI |
| EBIX | MEDQ | |
| EEI | MELI |
I now have 5 days worth of price relative data, so this morning I tried a scan of stocks with 5 day up trends in price relative, and came up with about 2000. Out of those, 73 are on one or more of my various watch lists. This data doen;t mean much right now, but after I get about a month's worth of data it will be more meaningful. I am also trying to figure out a waay to scan for new highs in price relative, I'm sure there is a way to do it, but I haven't found it yet.
4 comments:
Great progress David! That was pretty quick.
Hi Michael,
Thanks. What will really get this going is a command in Open Office that will alert me to new highs, and I think I have found it. Now it is just a matter of accumulating price data, which is now a matter of time. For some of the leading stocks I can get historical data in the meantime from Yahoo. I hope I have a workable system before the market takes off again, and right now it looks like I'm going to have time to do it.
Hi David,
Is the price relative increasing to new high a pretty good indicator for a stock movement? Does other indicator needs to be in line as well such as positive cash flow and declining ATR?
Thanks,
Michael
Price relative hitting a new high is probably most important when you see a stock consolidating, such as when it's in the handle of a cup and handle pattern. When you see a stock going up 20% out of nowhere, the price relative will probably hit a new high, but that doesn't tell you much. A falling ATR might also be a good secondary indicator *if it is really low that means the stock is trading in a very tight range), but that is just something I have casually observed and don;t really have any research behind it. The scans will basically narrow down the number of charts I need to look at.
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