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?
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Hello,
What is your definition of stronger vs weaker?
I look forward to assisting you further.LanceNinjaTrader Customer Service -
Investopedia DefinitionOriginally posted by NinjaTrader_Lance View Post
5 Rules For Picking Great Day Trade Entries
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.Comment
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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 ServiceComment
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