How is the P123 Future EPS Trend indicator derived?

Manage
1

I noticed it is now up. I looked around but could not find how it is calculated. I know I have seen it before…Anyone know?

2

Bump

I would like to know this also.

3

I think I found it but I think there is a problem.
I found it in Fed Model->Flp->Fed Model. it says:
“Historical Charts …2) the Future EPS estimates for the SP500 (weekly values) with moving averages (20,40)…”

I created these in a screen and compared:
showvar(@20wkEPSTrend,sma(20,0,#spepscny)) and showvar(@40wkEPSTrend,sma(40,0,#spepscny))

The 20wk is currently at 121.14 and the 40wk is at 122.15

So the arrow should be down, not up, (if it is down when the 20wk is less than the 40wk), as it is currently.

4

I think the top arrow is just looking for the series value to close over the sma(40). You can see this is what happened just the other day if you set the value to 1 year on the Fed chart.

I’m thinking the trailing arrow will point up when the 20 crosses over the 40.

5

Thanks. It would be good to hear from P123 on this too.

6

See ‘full description’ of #SPEPSCNY in portfolio or screener rules.

7

Right. I think the arrow should be pointing down, not up.

8

The arrow is only based on whether current value is above/below 40 week average

9

Ah. Thank you.