This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
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This composite is based on "DetectSplits" function, which is a function I have shared few days ago and whose role is to detect potential splits on historical data (Should be mainly used if your data is not split-adjusted).
The composite or market indicator calculates for each stock in your database, the potential splits, sums them then returns the number of potential splits for all stocks and for each trading day.
If for example on January 6, 2008, the composite returns 5 then this means that it has detected 5 stock splits on that date (Different companies/stocks).
If your historical data is split-adjust and for any reason you want to use this composite. - You can use the following downloader to get non-split adjusted data (Adjusted & Unadjusted stock prices)
- Update the "DetectSplits" function so that it reads data from the custom database (That contains the non-split adjusted data) instead of reading the daily EOD database
- Apply this composite to get the number of potential splits per trading day.
Another solution would be to use the splits calendar downloader to get real splits data instead of guessing them using the "DetectSplits" indicator. Here is a link to the downloader: Splits Calendar - Historical data for U.S. Stocks
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
