Sectoral Rotation, or Relative Rotational charts, are a powerful visual tool in assessing how different sectors compare in terms of their relative strength and momentum; it’s easier to spot stronger and weaker sectors, thus highlighting possible changes in market leadership and trends in asset performance
Sectoral Rotation, or Relative Rotational charts, are a powerful visual tool in assessing how different sectors compare in terms of their relative strength and momentum; it’s easier to spot stronger and weaker sectors, thus highlighting possible changes in market leadership and trends in asset performance
Sectoral Rotation, or Relative Rotational charts, are a powerful visual tool in assessing how different sectors compare in terms of their relative strength and momentum; it’s easier to spot stronger and weaker sectors, thus highlighting possible changes in market leadership and trends in asset performance
This is an example of a scan that demonstrates the enhanced “relperf()” and “rank()” functions; these functions can be used to compute and compare the % change of a portfolio’s components with any Index; this functionality for the Advanced Scanner will be introduced in October 2023
1 minute
This functionality will be introduced in October 2023 (Version 23.10.1)
Below is an illustration of an enhanced scan that can be created using the Advanced Scanner in ChartAlert.
This functionality will be introduced in September 2023.
List symbols where relperf(cl,3,m) > Symbol Value(relperf(cl,3,m),NIFTY)
Add Column cl
Add Column Symbol Value(c,nifty) as CNifty
Add Column relperf(cl,3,m) as RP
Add Col Symbol Value(relperf(cl,3,m),NIFTY) as RPNifty
Add Column rank(relperf(cl,3,m), DESCENDING) as Rank
Sort on Column Rank
Apply to Nifty
Below is a breakdown of the scan presented in a step-by-step manner.
This is an example of an optimized scan that demonstrates the enhanced (“Set chart type to…”) function; it can replace the need for writing several scans (as was required in the older versions of ChartAlert); this functionality for the Advanced Scanner will be introduced in October 2023
1 minute
This functionality will be introduced in October 2023 (Version 23.10.1)
Below is an illustration of an optimized scan that can be created using the Advanced Scanner in ChartAlert.
This one enhanced scan now replaces the need for maintaining two separate scans as was required in the previous versions of ChartAlert.
[BEGIN Bullish SuperT Candlestick]
List symbols where Close has crossed above SUPERTREND(10,3)
Add Column C
Add Column SUPERTREND(10,3) as SuperT
Apply to NiftyTotal
Plot Template SuperTrend heikinAshi
[END]
[BEGIN Bullish SuperT HeikinAshi]
List symbols where Close is above SUPERTREND(10,3)
Add Column C
Add Column SUPERTREND(10,3) as SuperT
Set chart type to Heikinashi
Apply to NiftyTotal
Plot Template SuperTrend heikinAshi
[END]
Below is a breakdown of the scan presented in a step-by-step manner.
This is an example of an optimized scan that demonstrates some enhanced functionality; it can replace the need for writing several scans (as was required in the older versions of ChartAlert); this functionality for the Advanced Scanner will be introduced in October 2023
2 minutes
This functionality will be introduced in October 2023 (Version 23.10.1)
Below is an illustration of an optimized scan that can be created using the Advanced Scanner in ChartAlert.
This one enhanced scan, wherein multiple parameters/ variables can now accept multiple values/ inputs, now replaces the need for writing at least 26 separate scans as was required in the previous versions of ChartAlert.
[BEGIN Top20 M2 mths ago]
Set OptVar M1 = Min:1, Max:13, Step:1
Set OptVar M2 = Min:0, Max:12, Step:1
List symbols
Add Column C M1 bars ago as C1
Add Column C M2 bars ago as C2
Add Column Date M1 bars ago as D1
Add Column Date M2 bars ago as D2
Add Column Chg%(C M2 bars ago, C M1 bars ago) as chg%
Sort on Column chg% desc limit 20
Apply to Nifty
Set periodicity to Monthly
[END]
[BEGIN Bot20 M2 mths ago]
Set OptVar M1 = Min:1, Max:13, Step:1
Set OptVar M2 = Min:0, Max:12, Step:1
List symbols
Add Column C M1 bars ago as C1
Add Column C M2 bars ago as C2
Add Column Date M1 bars ago as D1
Add Column Date M2 bars ago as D2
Add Column Chg%(C M2 bars ago, C M1 bars ago) as chg%
Sort on Column chg% limit 20
Apply to Nifty
Set periodicity to Monthly
[END]
Below is a breakdown of the scan presented in a step-by-step manner.
This is an example of an optimized scan that demonstrates some enhanced functionality; it can replace the need for writing several scans (as was required in the older versions of ChartAlert); this functionality for the Advanced Scanner will be introduced in October 2023
1 minute
This functionality will be introduced in October 2023 (Version 23.10.1)
Below is an illustration of an optimized scan that can be created using the Advanced Scanner in ChartAlert.
This one enhanced scan, wherein multiple parameters/ variables can now accept multiple values/ inputs, now replaces the need for writing atleast 44 separate scans as was required in the previous versions of ChartAlert.
[BEGIN Top20 Year1-Year2]
Set OptVar Year1 = Min:2001, Max:2022, Step:1
Set OptVar Year2 = Min:2002, Max:2023, Step:1
Set Var Bar1 = BARATDATE("31-Mar-Year1")
Set Var Bar2 = BARATDATE("31-Mar-Year2")
Set Var C1 = ValueAt(Bar1)
Set Var C2 = ValueAt(Bar2)
List symbols
Add Column C1
Add Column C2
Add Column Chg%(C2,C1) as chg%
Sort on Column chg% desc limit 20
Apply to Nifty
[END]
[BEGIN Bottom20 Year1-Year2]
Set OptVar Year1 = Min:2001, Max:2022, Step:1
Set OptVar Year2 = Min:2002, Max:2023, Step:1
Set Var Bar1 = BARATDATE("31-Mar-Year1")
Set Var Bar2 = BARATDATE("31-Mar-Year2")
Set Var C1 = ValueAt(Bar1)
Set Var C2 = ValueAt(Bar2)
List symbols
Add Column C1
Add Column C2
Add Column Chg%(C2,C1) as chg%
Sort on Column chg% limit 20
Apply to Nifty
[END]
Below is a breakdown of the scan presented in a step-by-step manner.
This is an example of an optimized scan that demonstrates the enhanced (“Set report type to…”) function; it can use “Multiple Scan Blocks” to mimic a screener; it can replace the need for maintaining several scans (as was required in the older versions of ChartAlert); this functionality for the Advanced Scanner will be introduced in October 2023
1 minute
This functionality will be introduced in October 2023 (Version 23.10.1)
Below is an illustration of an optimized scan that can be created using the Advanced Scanner in ChartAlert.
This one enhanced scan now replaces the need for writing two separate scans as was required in the previous versions of ChartAlert . . . It actually functions like a screener by incorporating two sections of code (each marked with its own BEGIN/END statements) designed to identify and analyze two separate conditions.
[BEGIN close>ema(20)]
List symbols where c > ema(20)
Add Column Close
Add Column ema(20) chart(lw=2)
Apply to NIFTY500
[END]
[BEGIN close<ema(20)]
List symbols where c < ema(20)
Add Column Close
Add Column ema(20) chart(lw=2)
Apply to NIFTY500
[END]
Set report type to SUMMARY
Below is a breakdown of the scan presented in a step-by-step manner.
This is an example of an optimized scan that demonstrates the enhanced (“step”) (“Cross Variables”) functions; it can replace the need for writing several scans (as was required in the older versions of ChartAlert); this functionality for the Advanced Scanner will be introduced in October 2023
1 minute
This functionality will be introduced in October 2023 (Version 23.10.1)
Below is an illustration of an optimized scan that can be created using the Advanced Scanner in ChartAlert.
This one enhanced scan, wherein multiple parameters/ variables can now accept multiple values/ inputs for scanning as well as create a processing matrix between inputs, now replaces the need for writing atleast twelve separate scans as was required in the previous versions of ChartAlert.
[BEGIN timeP1 XABV timeP2]
Set OptVar timeP1 = min:10,max:30,step:10
Set OptVar timeP2 = min:50,max:200,step:50
Cross OptVar
List symbols where SMA(timeP1) crossed above SMA(timeP2)
Add Column Close
Add Column SMA(timeP1) chart(c=red, lw=2)
Add Column SMA(timeP2) chart(c=green, lw=2)
Apply to NIFTY500
[END]
Below is a breakdown of the scan presented in a step-by-step manner.
This is an example of an optimized scan that demonstrates the enhanced (“step”) (“Cross OptVar”) functions; it can replace the need for writing several scans (as was required in the older versions of ChartAlert); this functionality for the Advanced Scanner will be introduced in October 2023
1 minute
This functionality will be introduced in October 2023 (Version 23.10.1)
Below is an illustration of an optimized scan that can be created using the Advanced Scanner in ChartAlert.
This one enhanced scan, wherein multiple parameters/ variables can now accept multiple values/ inputs for scanning as well as create a processing matrix between inputs, now replaces the need for writing at least twenty (!) separate scans as was required in the previous versions of ChartAlert.
