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I am currently struggling in converting the ranking logic called "RSI High values" from Portfolio Maestro (Tradestation) to being used in Portfolio Trader (Multicharts).
These are the ranking specification and what I need to obtain:
Ranking Frequency = Daily
Ranking Calculation Basis= Daily
MinRSI= 95
Period= 2
PriceLimit= 3
Ranking of 50 stocks (initial universe)
Select (and trade) only the top 10 based on the aforementioned ranking specification
This will be the ranking to obtain the symbols where the main trading strategy will then trade via PortfolioTrader (Multicharts).
Do any of you already converted it or has experience with the conversion of some ranking methods from Portfolio Maestro (TS) to Portfolio Trader (MC)?
Any kind of suggestion/tip would be much appreciated!
Thank you in advance and wish you all a Happy Easter!
Andrew
Can you help answer these questions from other members on NexusFi?
Multicharts uses EasyLaguage (not the dot net version)
Do you want this to be a strategy or a function
How is the universe of stocks fed to the strategy/function
I've not played with arrays in EasyLaguage (99% the same as Multicharts' PowerLanguage) but I suspect you will want to feed the stocks into an array. Once in the array, the rest is rather easy.
Hi abev, thank you for yor response.
The list of 50 stocks is already provided as a list of instruments in portfolio trader.
I need to create a script, that I can load as a "MM Signal" in portfolio trader, to rank the list of the instruments based on RSI value, and then allow the trading strategy to trade only on the top 10 stocks.
