RE: UK Stocks and ETFs - Watchlist and Discussion
(2021-01-06, 08:25 PM)gjjh25 Wrote:I'm grateful to you for the attached screens, I've replicated these on my SP and am getting the hang on it.(2021-01-06, 01:43 PM)XTR Wrote: I typically screen for momentum and a few fundamentals, examples below (X, Y & Z are variables):Just a quick couple if you are interested in these i will explain how to do them if not clear.
Volume X Days/Volume Y Days > Z%
Avg Volume > X% Shares Outstanding
Absolute Price Change X Days > Y%
Price vs Moving Average X Days > Y%
Relative Strength X Sector > Y%
Bid Ask Spread < X BPS
Price/Pre-Tax Earnings <20
Net Debt < Operating Profit times X
Don't spend too much time on this, any help gratefully received.
Also, does anyone here use this screener? https://screener.nextbigtrade.com/#/sectors/FTSE If so, do we know what filters are used to create it and how reliable it is?
Ian
Can you explain the X, Y Z parts a bit more not sure what you mean for these? a notional value? if so these can be done and then a filter set to the value.
The X, Y , Z are variables which I'm hoping can be configured. For instance if I want to see the 5 day volume to be 150% of the 50 day volume I'd substitute the variables for these values.
Example:
Volume X Days/Volume Y Days > Z% would then look like Volume 5 Days/Volume 50 Days > 150%
I suppose it's all about how many metrics can be combined into a single filter.