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Subject: Relative Strength Ranking

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droskill
Posts:21

10-12-2006 12:51 PM Alert 

Hey guys - as the most frequent poster to this forum, let me just say that I appreciate the help as I make my way through the application.  Things are definitely getting clearer and easier for me.

I'm working on a relative-strength ranking system - and I'm trying to figure out the best way to do this.  The system would do the following:

  • Rank a group of stocks based on relative performance over a time period (say a month for this example).
  • Trade the top 10 stock in the ranking.

Again, pretty simple, but I'm not sure how to store the relative performance.  I'm assuming I'd use an array to store the performance of each stock, and then sort the array.

Any other way to do this that I'm not thinking about?

Thanks,

/d/

murray
Posts:431

10-12-2006 1:27 PM Alert 

We already have example of that. It is done from a trade plan.

 

Sub TS_StockPlanFilterRanking(UpperPer,StrenOrVol)

 

Take a look at this code example.

droskill
Posts:21

10-12-2006 1:49 PM Alert 
Any explanation of what RelativePerformanceTS does? The online manual provides no description of the property. I understand it ranks the markets - but I'm unclear how this would interact with a Session. For instance, say the session has four stocks on "buy" - would it then rank those stocks and buy the top 25% (depending on the input)?
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Forums > Technical Trading > Developing Trading Systems > Relative Strength Ranking



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