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Ranking

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Taking your custom technical ranking system further

Last time we looked at ways to create a custom ranking system using simple scripting formulas based on a number of technical conditions, and in this article we'll look to take it a step further by calculating breadth measures on a universe of stocks, and also adjusting the weightings.

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How to create a custom technical ranking system

In your studies you may have come across the ‘weight of evidence’ approach to investing which looks at prices and various indicators to help identify potential trading opportunities.

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