Stock vs. SPX Comparison

[StockJock]

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?

[NinjaTrader_Lance]

Hello,

What is your definition of stronger vs weaker?

I look forward to assisting you further.

[StockJock]

What is your definition of stronger vs weaker?

Investopedia Definition

5 Rules For Picking Great Day Trade Entries

http://www.investopedia.com/articles/trading/11/rules-for-picking-day-trade-entries.asp#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.

[NinjaTrader_Lance]

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.