Hello,
if I want to make a filter say that stock has gained 30% during the past quarter, would this be an accurate filter?
if I want to make a filter say that stock has gained 30% during the past quarter, would this be an accurate filter?
Rename
Does it only filters stocks that are up an exactly 30% or 30% or more?
A year has about 252 trading days. So a quarter has 252/4 = 62 trading days.
The "gain" is calculated by the "Rate of Change" Indicator, short name ROC.
Putting all together: You need a condition which says:
if ROC(Close, 62) is larger than 30 ...
The "gain" is calculated by the "Rate of Change" Indicator, short name ROC.
Putting all together: You need a condition which says:
if ROC(Close, 62) is larger than 30 ...
Definitely correct. The ROC(Close, 62) indicator will be a "rolling quarterly" gain.
If you want a true quarterly gain from the beginning of the current quarter, use the Gain indicator (included in the Power Pack Extension) and select "Quarterly".
If you want a true quarterly gain from the beginning of the current quarter, use the Gain indicator (included in the Power Pack Extension) and select "Quarterly".
Thank you.
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