Constituent Uptrends Crossing Above 50%
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Constituent Uptrends Crossing Above 50%
When 50% or more of the constituents of an index or ETF are in an uptrend, chances are the composite, itself, will remain in an uptrend. Similarly, when constituent trends slip below 50% chances are the uptrend is over for the time being. In a trending market, identifying and staying with the trend can be a very profitable experience. Getting out is equally important.
Constituent Uptrends Crossing Above 50% With $SPX Constituent Uptrends Over 50%
This Exploration is included more as an example than something you will use as is. This Exploration is exactly the same as the “Uptrends Crossing Above 50%” Exploration except that additionally, 50% of the constituents of the S & P 500 Index must also be in uptrends.
This added filter demonstrates how the MasterDATA Composite Plug-in “md.ByFile” formula may be used in an Exploration. Every issue in MasterDATA’s Compilation List will be tested not only as to its own constituents, but also, those of the S & P 500 Index.
