Stock Screens: % of Price High
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   xiaosong
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Username: xiaosong Post Number: 1 Registered: 04-2007Rating: N/A Votes: 0
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| | Wednesday, April 11, 2007 - 01:35 pm: | 
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Hi Colin, I have a suggestion for your "% of Price High" stock screen. On top of screening for stock prices ranging within a percentage from its highest close in the last X period, maybe you can consider extending your screen to screen for stock prices ranging within a percentage from its highest high (lowest low) in the last X period? For practical purposes, I am hoping to screen for stocks that are making new highs/lows. Specifically, I would like to screen for stocks making new 20-day or 55-day highs/lows but I understand that your stock screen might not be that flexible to cater for all sorts of different combinations so if I understand your current "% of Price High" screen correctly and if you would just retain the current settings and make high/low data available for screening, I would still be able to screen for stocks making new 1-month or 3-month highs/lows, right? Thanks!
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   kfank
Member
Username: kfank Post Number: 1 Registered: 03-2008Rating: N/A Votes: 0
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| | Monday, March 31, 2008 - 04:34 pm: | 
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I want to echo the request. We need a "% of Price Low" to identify possible shorts. Also if possible add sub-month time periods (1-3 weeks?).
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   marksman
Member
Username: marksman Post Number: 4 Registered: 04-2003Rating: N/A Votes: 0
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| | Thursday, October 09, 2008 - 11:19 am: | 
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ATTENTION: COLIN. although my comment relates to "% price move" (rather than "% price high"), I note that it is very handy to be able to do a "relative strength" screen using "% price move". this is a very powerful screen if used correctly. however, could you perhaps modify it somewhat so that beside each company in the screen you list its ranking. for example, in a screen of say 350 companies, the highest percentage mover over the selected time frame (1mth, 3mth, etc) would be coded "1" beside the company name, all the way down to the last company which would be coded 350. This will allow you to quickly locate the top 5% (18 companies), or 10% (first 35 companies) - whichever cut-off point suits - and then proceed to undertake other detailed analysis of this sub-sample. you might even make the process easier still by converting the above absolute numbers to a % figure (rounded up, of course), in the range 0% to 100%. I find relative strength (whether in relation to stocks, sectors or indexes) very useful because it consistently helps you find the strongest shares within the strongest sectors. from a pure statistical standpoint, this should vastly improve your probabilities of finding winning selections.
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