Ranking "Weak" stocks - Trading Software

Ranking "Weak" stocks

allan nathan
2013-03-27 18:48:38

Hi,
Have a question regarding the Rank function.I have no problem ranking "Strong" stocks

rank1=Comp(perf(close, 1),"Rank",1,close>2);

If I wanted to rank the weakest stocks in a screen or for a system,is this how you would approach it?I am curious if one is better off buying the strongest stocks vs the
weakest stocks.

rankweak=Comp(100-perf(close, 1),"Rank",1,close>2);
var1 = rank1 <= 10;
//The above trading rule returns the top 10 stocks that have the highest one-bar rate of return.

filter = var1;

AddColumn("PROC", perf(close, 1));
Addcolumn("rankweak",rank1);

thanks,

Allan

clonex
2013-03-27 18:56:53

Best Answer

The correct solution is:

rank1=Comp(-perf(close, 1),"Rank",1,close>2);

Clonex

allan nathan
2013-03-28 00:47:03

Thanks Clonex..Thats a much better solution:)

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