Dear All
Several new screening functions are now available to complete a set geared towards helping you organize your research, make investing easier, and save time. They can be used as rules in the Research section in screens, strategies, as well as other places like Reports and Ranking Systems. The new functions are all together under HOLDINGS & OPINIONS.
Opinion — Returns your most recent opinion for the stock or NA
Opinion%Chg — Returns the total return % since your most recent opinion for the stock or NA
OpinionBars — Returns the number of bars since your most recent opinion for the stock or NA
OpinionDays — Returns the number of days since your most recent opinion for the stock or NA
Account(id1[, …, id10]) — Returns TRUE if stock being analyzed is an open position in the specified Account(s)
Portfolio(id1[, …, id10]) — Returns TRUE if stock being analyzed is an open position in the specified Invest or Research strategie(s)
Watchlist(id1[, …, id10]) — Returns TRUE if stock being analyzed is the watchlist.
NOTES
-All these functions work as expected when your As-Of date is in the past
-The Account , Portfolio , and Watchlist all have variations to return things like days since the position was opened or closed.
Use case Example
I like to use these functions to avoid researching a stock over an over, or a stock that I already own. Here’s what I do every month or so:
- I run my idea generation screen and exclude stocks that I hold or that I’ve formulated an opinion in the past 6 months
- I research the stocks one by one using the stock pages and decide which to Buy, and which to avoid (when you click on a ticker in the screen results it will take you to the stock page so you can quickly page through them)
- Once done researching, I go to see all my recent Buy opinions and place the orders
These are the rules I add to my idea generation screen
Account (“my IRA” , “my Cash Account”) = FALSE // exclude if already owned
OpinionDays = NA or OpinionDays > 180 // only show me stocks I made no opinion on, or at least 6 months ago
NOTE: If you are not familiar with Opinions … You can add them by selecting one from the list (Buy,Sell,Hold,Watch,Revisit,Buy List) that pops up when you hover over the thumbs up icon that appears near the ticker or name of a stock. You can also read about the Opinion functionality here