ASX Leading stocks

• 06/09/2023 at 11:40 PM #215942
  Chamberskob

  Hi,

  Would anyone be able to help me create a screener that identifies the leading/trending stocks for the ASX. Ideally I want to be able to narrow my search down for the top positive trending stocks on a daily time frame that are liquid and showing relative strength .

  I think the following variables may be  appropriate but open to suggestions…..

  Top performing positive price action for the 10 days
  relative strength to ASX
  Mcap >10m
  Min daily capital >50k

  Cheers any comment welcomed!

  

  Chamberskob

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  06/10/2023 at 9:07 AM #215946
  JS

  Hi,

  Take a look at this screener…

  The RSI is mainly used as an “overbought” (>70) and “oversold” (<20) indicator…

  One approximation to the market cap is: Average volume * close

  I assume you are meaning with “minus daily capital” that the average volume is above 50k?

  ASX leading stocks

  C1=RSI[10](Close)>60 C2=Average[10](Volume)*Close>10000000 c3=Average[10](Volume)>50000 Screener[C1 and C2 and C3](C1 as "RSI>60")

  1 2 3 4

  C1=RSI[10](Close)>60 C2=Average[10](Volume)*Close>10000000 c3=Average[10](Volume)>50000 Screener[C1 and C2 and C3](C1 as "RSI>60")

  

  JS

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  06/11/2023 at 11:51 AM #215965
  Chamberskob

  Thanks JS!

  Ill have a play around with it for a while – might have some follow up Q’s down the track if thats ok. Appreciate your time sir.

  1 user thanked author for this post.

  JS

  

  Chamberskob

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  06/22/2023 at 2:54 AM #216593
  Chamberskob

  Hi JS,

  Sorry to bother you again would you have any idea if I could do this (attached) with PRT?
  Or is there another way to track the spread between a basket of laggers and a basket of leaders?

  Cheers

  

  Chamberskob

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  06/22/2023 at 6:26 AM #216596
  JS

  No bother at all, I always learn the most from it myself… 😉

  I don’t think it’s possible to average groups of winners and groups of losers, but what you could do:

  1. Focus on winners
  2. Set a condition for yourself that the winners must meet, for example: the RSI (of the winners) must rise between 30 and 70 for 10 days long.

  ASX Leading Stocks (part 2)

  TimeFrame(Daily) myRSI=RSI[10](Close) C1=myRSI>30 and myRSI<70 C2=Summation[10](myRSI>myRSI[1])=10 //Ten days rising between 30 and 70 Screener[C1 and C2]

  1 2 3 4 5

  TimeFrame(Daily) myRSI=RSI[10](Close) C1=myRSI>30 and myRSI<70 C2=Summation[10](myRSI>myRSI[1])=10 //Ten days rising between 30 and 70 Screener[C1 and C2]

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  Chamberskob

  

  JS

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  06/22/2023 at 8:41 AM #216604
  Chamberskob

  Ok thanks again JS!  Ill run that. So There is no way of basketing a group of leaders and a groups of laggers and spreading them against each other…..pretty sure I might be able to do this if I API data to excel from my broker.

  

  Chamberskob

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