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
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