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With the following Exploration we may have on daily basis
a
picture of the market related to overbought, trending and
oversold
stocks. This will enhance our comprehension of the whole
market.
The only available tools for now are advissues, decissues,
uncissues
and any function derived from them.
Using the stochastics criterion
oversold: stochd<=30
trending : 30<stochd<=70
overbought : stochd>70
we can create 3 new categories:
oversoldissues, trendissues and overboughtissues
improving our cross-market perception.
S0=STOCHD(14);S1=IIF(S0<=30,1,IIF(S0>30AND
S0<=70,2,3));FILTER=1;NUMCOLUMNS=3;COLUMN0=S1==1;COLUMN1=S1==2;COLUMN2=S1==3;
<FONT
size=2>COLUMN0NAME="OVERSOLD";COLUMN1NAME="TRENDY";COLUMN2NAME="OVERBOUGHT";
COLUMN0FORMAT=COLUMN1FORMAT=COLUMN2FORMAT=1.0;
Select All Stocks, Range From the last date and hit
Explore.
You will have an 1, if a certain stock belongs to one of above
categories.
The next step is to add stocks belonging to each
category.
The result will be a new cross-market function, valuable for
further study.
Dimitris Tsokakis
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