I've been swing trading thematic stocks for about two years and built a score that mashes everything that I used to track relative strength into one number 0-100. wanted to post the breakdown because honestly I'm not sure my weights are right.
[Vantagerig.com](https://preview.redd.it/f9946zrpeo3h1.png?width=973&format=png&auto=webp&s=ad4b55c673119f7efb7d9ac7de5b34e203a5c082)
here's what goes into it, vs QQQ:
RS% is 30% of the score. it's the percentile rank of 12M relative strength. heaviest weight because leaders keep leading more often than they don't, that's basically the whole thesis. yeah sometimes they top out and yeah you'll miss the bottom of a turn but I'm not trying to catch falling knives.
Recent is 20%. it's a recency-weighted blend of RS across 1W/1M/3M/6M/12M with the short stuff weighted heavier. point is to catch when RS is rolling over even if the 12M still looks great. a leader that's quietly fading should score lower than one still pushing.
Flow is also 20%. institutional accumulation score from -100 to +100, built off OBV slope vs price slope, CMF, and volume surge. for me this is the "is it real" check. price can do anything for a week, volume tells you who's behind it.
1W is 15%. raw 1-week RS. noisy af on its own but it's how you catch rotations before they show up everywhere else.
1M / 3M / 12M are 5% each. basically tiebreakers. they overlap with RS% and Recent so I didn't want to double-count but they add a bit of context.
screenshot is from this morning. couple things worth pointing out:
SOXX at 97, leading on literally everything. obvious but also probably extended at this point, +135% on 12M is not a fresh setup.
the one that's interesting is ROKT. 12M return is +85%, looks like a winner on paper, but flow is -36 and the trend arrow flipped red. that's distribution into strength. exactly the kind of thing I'd have missed with a pure RS screen, which is half the reason I built this in the first place.
REMX same story sort of. 78 score, 95th percentile RS%, but recent is negative and flow is red. high RS can lull you into thinking it's a setup when the money is actually leaving.
the one I'm actually putting on the watchlist is QTUM. green everywhere, +40% on 12M which is enough to show it's trending but not so much that it's stretched, flow 72. that's the profile I want.
to be clear this is a screener not a signal. doesn't tell me where to get in, where stops go, nothing about the broader tape. I use it Sunday night to narrow down what to chart Monday.
stuff I keep going back and forth on:
— is 30% on RS% too much? it's a slow input, but every time I've tried cutting it I get more whipsaw in the top 10.
— should flow be higher than recent? part of me thinks yes because flow is harder to fake. part of me thinks volume confirms price, it doesn't lead it.
— anyone using a regime filter on top of something like this? like only trade the top scores when SPY is above its 200? feels obvious but I haven't actually backtested whether it helps or just cuts winners.
curious what people think.