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Relative Comparison

Written by Administrator Tuesday, 01 August 2006 10:00
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The Relative Comparison scan, compares the closing value of two different dates and displays the percetage increase or drecrease over that time period.

Properties

Depending what date is selected at the Date Range option in the Scanning Manager main window, this scan would compare the closing price for two dates, 3 Months apart in time. The scan would use the closing prices based on Daily bars.

For example, if you selected 1st of March in the Date Range option, this would compare the closing price of the daily bar on the 1st of March with the closing price of the daily bar on the 1st of January

Note: You can only use a Selected date in the Date Range option when choosing the start date to compare from.

Type

  • Day
    Select this option to compare two dates x amount of days apart.
  • Week
    Select this option to compare two dates x amount of weeks apart.
  • Month
    Select this option to compare two dates x amount of months apart.
  • Year
    Select this option to compare two dates x amount of years apart.

Comparison Amount

Sets the number of days, weeks, months or years to make the comparison between.

Period Type

This setting sets the period type to use when selecting the close price for the Relative Comparison scan. For example, by selecting Daily, the Relative Comparison will be calculated off the close price of a day bar period (a daily chart), if it was set to Weekly, it would be calculated off the close price of a Weekly bar period (a weekly chart). You can select from the following options.

  • Daily
  • Weekly
  • Monthly
  • Yearly
Last modified on Thursday, 29 April 2010 11:06
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