1. Select New
from the Ticker menu. The New Ticker
dialog box will appear.
2. Enter a name for
the Breadth ticker you are creating.
3. In the Type
section, select Breadth.
4. Click OK.
5. In the next box
that appears, do the following.
· Enter
a Description (optional).
· Click
the arrow on the Source box to display your available lists. Select the list of tickers you want to use
for screening.
· Click
the button at the right end of the EDS File box. Use the Open box that appears to find
and select the strategy file containing the EDS rule that you want to use for
this Breadth ticker.
· Click
the arrow on the EDS Rule box to see a list of rules for the selected
strategy.
· Enter
the date that you want to begin computing data for the ticker in the First
box in the Date Ranges section.
· Click
OK to add the ticker to your Master List.
6. The new ticker
will now appear in the Master Ticker List with Breadth in the Type
column.
A special function has been added to compute historical data
for Breadth tickers.
To compute
breadth data:
1. From the Utilities
menu, select Compute Breadth Analysis.
2. In the Breadth
Analysis Computation window, make the following entries:
• Source:
Select the Tickers option and enter the name of the new Breadth ticker.
• Range:
Select Compute From Last Date of Data.
3. Click OK to
begin the computation. The Compute
Breadth window will appear and display the progress of the computation.
4. When the Compute Breadth window closes, the
computation is complete.
Breadth ticker charts
Breadth tickers my be charted like any other ticker.
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1. Open the Data
Retrieval application.
2. In the After
Updates section of the Data Retrieval Options page, check the Update
Breadth Tickers option box.
3. To save this
change so that Breadth tickers will be updated after all subsequent data
updates, click the Save Setup command button.
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Using Ticker, New, create a new ticker called RSIOVERB.
The second screen is where we define what this ticker will contain. In this instance we want to create a ticker that shows us the percentage of SP500 stocks on any given day that are in overbought territory of the RSI Wilder indicator. In the new ticker screen we need to define the list of tickers we will analyze, in this case the SP500. Next we define the EDS file that contains the rule that we will use to analyze the stocks, in this case the built-in EDS Strategies\Technical Indicator Strategies\Strategies Using One Indicator\RSI Wilder\RSI Wilder in Overbought Territory.eds. With the EDS file selected we select the rule from the pull-down box, in this case RSIWIlderover70.
Using Utilities, Compute Breadth Analysis, to compute the data for the ticker.
The ticker can now be charted as is, in the example below the breadth ticker RSIOVERB is charted with an overlay of the SPX index.
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