RE: UK Stocks and ETFs - Watchlist and Discussion
(2020-12-15, 07:54 PM)gjjh25 Wrote:(2020-12-15, 07:04 PM)XTR Wrote:Any questions on Sharepad let me know and I will try not help. I have filters set up for above MA's, %change since 52 week low & high, and strength relative to indices. %(2020-12-15, 05:39 PM)gjjh25 Wrote:(2020-12-15, 12:38 AM)XTR Wrote:(2020-12-14, 09:09 PM)gjjh25 Wrote: I use sharepad at the moment, and would be interested in trying to sort a market breadth indicator out with anyone interested. Or at least sector strength.
This is the package I'm considering as I'm told it can chart UK Sectors. I assume from your question that market breadth indicators are not included in SharePad's default library, do you know if it's possible to configure new indicators?
Other systems I've seen are ShareScope and Updata, both look very comprehensive but are more than I want to spend. Another reason to stay with browser based systems is that I use Linux machines and installation software usually requires Windows or Mac environments.
I like the idea of developing my own charts like pcabc does, but I'd still need to source the feeds and I'm not sure I could commit the time and dedication to make it worthwhile.
You can do simple formulas to compare two items in sharepad, but it is not programmable as such. Isnt there also a problem with a Uk Market sector breadth as they do not contain as many shares as the US version?
Market breadth can get complex and there are 500+ page books on the subject. SW's 'Weight of the Evidence' approach used over 50 indicators, but as you say, UK indices are thinner than US markets, however, that is where the UK stocks are traded and there is still value in plotting basic information like: highs/lows, advancers/decliners, % above/below MA etc. to get a feel for market internals, especially as this information is readily available and in may cases free.
I'd like to have a go at maintaining my own index charts for say FTSE 100, 250, 350, AIM markets and as long as it doesn't turn into too much of a chore, would be a good accompaniment to SharePad.
gjjh25,
I'm on a three month trial with SharePad and struggling a bit, can you give me any pointers on screening for Stage 1& 2 stocks?
I'm not as impressed with it as I hoped I would be but that might just be because it's new and I'm used to my usual subscription (Stockopedia). SharePad definitely has more data though so I'm persevering with it and maybe I'll like it more as I get better at using it.
Ian