Scanning individual stocks/indexes
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Category: BullCharts
Forum Name: BullScan
Forum Discription: For discusssions on BullScan
URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=76
Printed Date: 20 May 2024 at 5:41am
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Topic: Scanning individual stocks/indexes
Posted By: Cobra
Subject: Scanning individual stocks/indexes
Date Posted: 14 Dec 2004 at 8:55pm
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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' |
Replies:
Posted By: Peter
Date Posted: 15 Dec 2004 at 9:11am
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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". |
Posted By: chart rider
Date Posted: 15 Dec 2004 at 9:36pm
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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 |
Posted By: Peter
Date Posted: 16 Dec 2004 at 9:22am
Yep. 
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