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| - | ====== Part 3: Using the StockCharts Technical Ranking Systems (SCTRs) ====== | + | ====== Part 3: Using the StockCharts Technical Ranking (SCTRs) to Find Leading Stocks ====== |
| ===== What the heck is a SCTR? ===== | ===== What the heck is a SCTR? ===== | ||
| - | The StockCharts Technical Rank (SCTR) is a numerical score from 0 to 100 that ranks a stock or ETF within a larger universe of related securities. Values are calculated based on six key indicators, covering different timeframes. Because the calculation is not tethered to one specific timeframe, a stock or fund must score well with all indicators in all timeframes to earn a top technical rank. | + | Originally based on John Murphy's approach to analyzing the markets, the StockCharts Technical Rank (SCTR) is a numerical score from 0 to 100 that ranks a stock or ETF within a larger universe of related securities. Values are calculated based on six key indicators, covering different timeframes. Because the calculation is not tethered to one specific timeframe, a stock or fund must score well with all indicators in all timeframes to earn a top technical rank. |
| The key here is that the StockCharts Technical Rank shows how a stock or fund is performing relative to its peers, not a benchmark index. Many indices, such as the S&P 500, are dominated by the mega-cap stocks and may not truly reflect the market as a whole. Instead of benchmarking to one index, SCTRs rank all securities within a specific universe, such as large‑, mid‑ or small‑cap stocks. This allows you to directly compare SCTR values within the same universe. | The key here is that the StockCharts Technical Rank shows how a stock or fund is performing relative to its peers, not a benchmark index. Many indices, such as the S&P 500, are dominated by the mega-cap stocks and may not truly reflect the market as a whole. Instead of benchmarking to one index, SCTRs rank all securities within a specific universe, such as large‑, mid‑ or small‑cap stocks. This allows you to directly compare SCTR values within the same universe. | ||
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| - | To visit the SCTR rankings page, [[https://stockcharts.com/freecharts/sctr.html|click here]]. | + | **To visit the SCTR rankings page, [[https://stockcharts.com/freecharts/sctr.html|click here]].** |
| ===== Can I add SCTRs to my charts? ===== | ===== Can I add SCTRs to my charts? ===== | ||
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| To add the SCTR indicator panel to your chart, find the "Indicators" section of the SharpCharts Workbench. Select "SCTR Line" from the dropdown menu and click the update button. | To add the SCTR indicator panel to your chart, find the "Indicators" section of the SharpCharts Workbench. Select "SCTR Line" from the dropdown menu and click the update button. | ||
| - | For additional details on the StockCharts Technical Rank (SCTR), [[cs>chart_school:technical_indicators:sctr|click here]]. | + | **For additional details on the StockCharts Technical Rank (SCTR), [[cs>technical_indicators:sctr|click here]].** |
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| - | **Next Up »** [[:getting_started:part_4|Part 4: StockCharts Blogs and Market Commentary]] | + | |
| + | **Next Up »** [[:getting_started:part_4|Part 4: Exclusive Content from Market Experts]] | ||