Overall score is based on magnitude and variation of the median % gains
for days 1-5 after the hit on a particular technical indicator. Every hit in the # found column for a particular indicator and stock is considered in the calculation. Stocks are back-tested over the last 1350 trading days (over 5 years). Benchmark statistics are created with S&P 500 stocks that have a current 50-day SMA (simple moving average)
volume > 300,000 and 50-day SMA close > 1.
Relatively high % gains along with low variation to achieve those gains translates to a high score for long objectives.
For shorts, relatively low % price gains with low variation give the better (lower) score.
Median % gains are based on all hits found for a particular stock and indicator. Median % gains are also based on buying or shorting at the open of the day after the hit on the indicator. For long objectives the median is the median of the highs. For short objectives the median is the median of the lows.
There are 2 different scores, the indicator score and the stock score. The relative ranking of the score displayed on the graphical scoring scale
is calculated using S&P 500 stocks as a benchmark. Our A.i. trading log
is automatically populated by running both the technical indicator and stock scores through the A.i. algorithms that run daily. Click here
to view the latest AiStockCharts.com stock score percentiles.
Figure 1 below shows how low variation (high consistency) in the % gains each week can impact profit potential.