StockFetcher Forums · Filter Exchange · Can we use "Single Symbol Indicator Comparison (INDUSTRY/SECTOR)"?<< >>Post Follow-up
nikoschopen
2,824 posts
msg #57462
Ignore nikoschopen
12/3/2007 4:40:52 PM

I recall somebody asking a similar question in the past about using Industry and/or Sector components as a basis for the single symbol comparison, which I believe would be a convenient feature to have in our arsenal. This will allow us to measure the strength or weakness of a given stock against the industry it belongs to. Considering that we already have the Single Symbol Indicator, this should not be too difficult to implement.

show stocks where price is above ind(INDUSTRY, price)

You could expand on this and add an option to measure monthly performance:

show stocks where price is above ind(INDUSTRY, price,50)
This will compare the daily performance of a stock to its industry for the previous 50 days


rtucker
318 posts
msg #57477
Ignore rtucker
12/3/2007 8:23:43 PM

This would be a nice adition SF.....

I thing doing a weighted industry calculation would be good also so that the pennies jumping 20% cant skew the entire industry.

StockFetcher Forums · Filter Exchange · Can we use "Single Symbol Indicator Comparison (INDUSTRY/SECTOR)"?<< >>Post Follow-up

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