Screener for Stocks with Relative Strength New Highs & New Highs before Price, sorted by RS Score
Screens for stocks that made new highs in Relative Strength (RS) and sorts the results according to their RS Score.
RS is an indicator popularized by Investor’s Business Daily (IBD) and available on their MarketSmith platform. They have a screen called the Blue Dot list in their Premium subscription, which screens for stocks making a new high in RS. This screener achieves the same and also ranks the results according to their RS Score which uses the same formula as the RS Rating.
Download directly from Google Drive ⤓
RS Score is calculated according to IBD’s formula as:
RS Score = 40% * P3 + 20% * P6 + 20% * P9 + 20% * P12
P3, P6, P9 and P12 are the stock’s 3 Months, 6 Months, 9 Months and 12 Months performance respectively.
Giving 40% weightage on the last quarter’s performance and 20% on the other three.
RS Screener requires Amibroker to run.
You can check out my RS Indicator on TradingView.
You can reach me on twitter at @iArpanK, where I share my ideas & psychology tips.