Scanning individual stocks/indexes

   I am trying to set up a scan with a criteria to check that the ASX200 (or for that matter any security) closing value has been rising for the last X periods. I can't see a way to do this with the normal scanning builder, but I assume you can do it with script?. Does script have a keyword/operand for security?. Or, a way to 'bias' a scan to take into account the general market momentum via XJO or XAO. eg 'XJO has been rising for the last 5 periods'
Thanks in advance

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Cobra Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 08 Nov 2004 Location: Australia Posts: 76	Post Options Post Reply Quote Cobra Report Post Quote Reply Topic: Scanning individual stocks/indexes Posted: 14 Dec 2004 at 8:55pm
	I am trying to set up a scan with a criteria to check that the ASX200 (or for that matter any security) closing value has been rising for the last X periods. I can't see a way to do this with the normal scanning builder, but I assume you can do it with script?. Does script have a keyword/operand for security?. Or, a way to 'bias' a scan to take into account the general market momentum via XJO or XAO. eg 'XJO has been rising for the last 5 periods' Thanks in advance

Peter Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List BullCharts Staff Joined: 09 Sep 2004 Location: Australia Posts: 241	Post Options Post Reply Quote Peter Report Post Quote Reply Posted: 15 Dec 2004 at 9:11am
	To scan for securities in the ASX200 that have risen every bar for the last 5 bars create a criteria like you suggest "close has increased every bar in the last 5 bars". Then in the securities tab, remove the Ordinaries group and add the ASX/200 group. But if you mean, check the ASX200 index at the same time as scanning other securities, then there's presently no way of doing this. This requires that both the index and the security be loaded into the scanner simultaneously, which isn't currently possible. However it is something we're going to be working on in 2005. So you'll be able to do scans like, "find all companies that have consistently risen relative to the ASX/200".

chart rider Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 25 Sep 2004 Location: Australia Posts: 96	Post Options Post Reply Quote chart rider Report Post Quote Reply Posted: 15 Dec 2004 at 9:36pm
	Peter Scanning the condition of a security and index concurrently would definitely be a handy feature to have. If I understand correctly, this will also allow additional conditions to be configured into a back test, such as to check the status of XAO indicators together with those of the security being back tested, so that a buy simulation is triggered only under certain conditions of the All Ords. Mabe you can tell me if I my thinking is right? Chart Rider

Peter Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List BullCharts Staff Joined: 09 Sep 2004 Location: Australia Posts: 241	Post Options Post Reply Quote Peter Report Post Quote Reply Posted: 16 Dec 2004 at 9:22am
	Yep.