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2 new addition to the RS Scanner segment | Zone Web

Post in "Zone Web" Started By Definedge, 18th October 2022

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Eagle Price and RS Scanner

A combination of multiple scanners related to P&F patterns, RS patterns and 52-week high low. In this scanner, more bullish (positive) scores and near its 52-week high is a bullish pattern. More bearish (negative) scores and near its 52-week low is a bearish pattern.

Path: Zone Web > RZone > RS Scanner > Eagle Price and RS Scanner

Detailed Takeaways:

  • DTB and DBS levels as well as the distance from the current price. DTB stands for P&F Double Top Buy pattern and DBS stands for P&F Double bottom sell pattern.
  • P&F Setup and Pattern counter Trend ratio is calculated on 0.25%, 1% and 3% box-values.
  • Total price performance and the ranking score of the Fusion matrix (Calculated on default multiple box values)
  • Total RS performance and the ranking score of the Fusion matrix (Calculated on default multiple box values)
  • 52-week high and low price of the security
  • Current retracement percentage from the 52-week high and low of the security
 
Smart RS Scanner

A  combination of Multi-timeframe Ratio, Fusion matrix, Relative strength indicator and Multi-timeframe Ultimate matrix. The higher the positive score, the better it is for security. Since this scanner also compares the performance of other securities in the group it can take some time to run.

P.S – Please don’t run it on a group having more than 50 stocks.

Path: Zone Web > RZone > RS Scanner > Smart RS Scanner

Detailed Takeaways:

  • RS patterns on daily, weekly, and monthly timeframe
  • 15 – period Ratio trend matrix score
  • Total performance score of Price and Relative strength in Fusion matrix (Calculated on default multiple box values)
  • Total ranking score of Price and Relative strength in Fusion matrix (Calculated on default multiple box values)
  • Multi-timeframe Ultimate matrix (Calculated on 0.25%, 1% and 3% box-values)
  • 120-day Relative Strength indicator calculated with denominator on the candlestick chart. The indicator value and status are shown in the scanner output.
  • The score on the trend of the price calculated on P&F charts based on its pattern and moving average trend
  • The performance-based ranking score is calculated based on returns of the security on 60-day, 120-day, 180-day and 240-day periods.
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