scoring a basket of stock pick  [SOLVED]

Questions about MultiCharts and user contributed studies.
my2108
Posts: 10
Joined: 06 Aug 2018

scoring a basket of stock pick

Postby my2108 » 06 Apr 2019

HI all,

I would like to build a ranking system to score a basket of stocks (~100 NASDAQ/DOW) by some of their technical indicators. for example:
- 9RSI > 30 = 3pts
- +DM > 50 = 5pts
- EMA > x = 5 pts and so on....

And apply the above rule to the list of stocks periodically, long the top 10 scorer and short the bottom 10 and so on....is this something that can be implemented in MC? Maybe with Scanner? and I wonder how backtesting can be done?
Would be great if someone can give me some pointers.

MY

User avatar
ABC
Posts: 626
Joined: 16 Dec 2006
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Re: scoring a basket of stock pick  [SOLVED]

Postby ABC » 08 Apr 2019

Hi my2108,

this sounds like something that is best implemented within the Portfolio Trader.
https://www.multicharts.com/trading-sof ... lio_Trader

The Rank Strategy should give you an idea about how to implement your idea:
https://www.multicharts.com/trading-sof ... y_Examples

Regards,

ABC


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