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Stock vs. SPX Comparison

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    Stock vs. SPX Comparison

    How would I go about coding a column in the Market Analyzer that would show me if the stocks in my watch list are stronger or weaker than the SPX? Has anyone already done this?

    #2
    Hello,

    What is your definition of stronger vs weaker?

    I look forward to assisting you further.
    LanceNinjaTrader Customer Service

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      #3
      Originally posted by NinjaTrader_Lance View Post
      What is your definition of stronger vs weaker?
      Investopedia Definition

      5 Rules For Picking Great Day Trade Entries
      http://www.investopedia.com/articles...#axzz2JDC13Tl4

      Rule # 2. By trading stocks or ETFs with a high correlation to the major indexes, stocks that are relatively weak or strong, compared to the index, can be isolated. When the indexes/market futures are moving higher, traders should look to buy stocks that are moving up more aggressively than the futures.

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        #4
        Hello,

        Unfortunately I'm not aware of any off the top of my head but that doesn't mean one doesn't already exist.

        You would need to make a multi series indicator which compared values of the current instrument to the SPX

        For information on multi series NinjaScript: http://www.ninjatrader.com/support/h...nstruments.htm

        Please let me know if I can be of further assistance.
        LanceNinjaTrader Customer Service

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