Is there a way to plot percentage of stocks above key thresholds?

[PonchoMike]

I know there are indicators such as $SPXA50R that will plot the number of SP500 companies above their 50 SMA. There is also $SPXA100R for the 100 SMA. I came across these indicators totally by accident when reading a post somewhere online. I would like to be able to plot a chart showing the number of SP500 companies with RSI either above 70 or RSI below 30. Is there a way to do this?

 

[Joshua]

The S&P 500 causes a "Script is too long" error.

The S&P100, NASDAQ100 and DOW seem to work though. I suppose I can do this with any index or ETF component list that isn't too long. I ended up just writing a small program that automatically generates the code from a list of symbols. So if you had anything else in mind just let me know.

 

[PonchoMike]

Could you share how you wrote the thinkscript for the QQQ? What I couldn't figure out was how to convert the quantity of scan results into a number I could plot. I am a hack using thinkscript at best.

It doesn't surprise me that the script is too long. I became a TOS user when the brokerage I was with was acquired by Ameritrade. Back then I was a TC2000 user and created this indicator in Blocks. When plotting a one year chart, it would take ten minutes or more to generate the chart and the application would crash at times.

 

[Joshua]

declare lower;
def x =
(RSI(price = close("AAPL")) > 70) +
(RSI(price = close("MSFT")) > 70) +
(RSI(price = close("AMZN")) > 70) +
(RSI(price = close("AVGO")) > 70) +
(RSI(price = close("NVDA")) > 70) +
(RSI(price = close("META")) > 70) +
(RSI(price = close("TSLA")) > 70) +
(RSI(price = close("GOOGL")) > 70) +
(RSI(price = close("GOOG")) > 70) +
(RSI(price = close("COST")) > 70) +
(RSI(price = close("AMD")) > 70) +
(RSI(price = close("ADBE")) > 70) +
(RSI(price = close("PEP")) > 70) +
(RSI(price = close("NFLX")) > 70) +
(RSI(price = close("CSCO")) > 70) +
(RSI(price = close("INTC")) > 70) +
(RSI(price = close("TMUS")) > 70) +
(RSI(price = close("INTU")) > 70) +
(RSI(price = close("CMCSA")) > 70) +
(RSI(price = close("QCOM")) > 70) +
(RSI(price = close("AMGN")) > 70) +
(RSI(price = close("TXN")) > 70) +
(RSI(price = close("AMAT")) > 70) +
(RSI(price = close("HON")) > 70) +
(RSI(price = close("ISRG")) > 70) +
(RSI(price = close("BKNG")) > 70) +
(RSI(price = close("VRTX")) > 70) +
(RSI(price = close("LRCX")) > 70) +
(RSI(price = close("PANW")) > 70) +
(RSI(price = close("SBUX")) > 70) +
(RSI(price = close("REGN")) > 70) +
(RSI(price = close("MDLZ")) > 70) +
(RSI(price = close("ADI")) > 70) +
(RSI(price = close("GILD")) > 70) +
(RSI(price = close("ADP")) > 70) +
(RSI(price = close("MU")) > 70) +
(RSI(price = close("PDD")) > 70) +
(RSI(price = close("MELI")) > 70) +
(RSI(price = close("KLAC")) > 70) +
(RSI(price = close("SNPS")) > 70) +
(RSI(price = close("CDNS")) > 70) +
(RSI(price = close("PYPL")) > 70) +
(RSI(price = close("MAR")) > 70) +
(RSI(price = close("CSX")) > 70) +
(RSI(price = close("ASML")) > 70) +
(RSI(price = close("CRWD")) > 70) +
(RSI(price = close("ABNB")) > 70) +
(RSI(price = close("CTAS")) > 70) +
(RSI(price = close("MRVL")) > 70) +
(RSI(price = close("WDAY")) > 70) +
(RSI(price = close("ORLY")) > 70) +
(RSI(price = close("ROP")) > 70) +
(RSI(price = close("LULU")) > 70) +
(RSI(price = close("MNST")) > 70) +
(RSI(price = close("NXPI")) > 70) +
(RSI(price = close("CHTR")) > 70) +
(RSI(price = close("ADSK")) > 70) +
(RSI(price = close("PCAR")) > 70) +
(RSI(price = close("MCHP")) > 70) +
(RSI(price = close("FTNT")) > 70) +
(RSI(price = close("DXCM")) > 70) +
(RSI(price = close("CPRT")) > 70) +
(RSI(price = close("ROST")) > 70) +
(RSI(price = close("KHC")) > 70) +
(RSI(price = close("KDP")) > 70) +
(RSI(price = close("PAYX")) > 70) +
(RSI(price = close("IDXX")) > 70) +
(RSI(price = close("ODFL")) > 70) +
(RSI(price = close("AEP")) > 70) +
(RSI(price = close("FAST")) > 70) +
(RSI(price = close("DASH")) > 70) +
(RSI(price = close("DDOG")) > 70) +
(RSI(price = close("AZN")) > 70) +
(RSI(price = close("MRNA")) > 70) +
(RSI(price = close("CTSH")) > 70) +
(RSI(price = close("TEAM")) > 70) +
(RSI(price = close("CEG")) > 70) +
(RSI(price = close("EA")) > 70) +
(RSI(price = close("BIIB")) > 70) +
(RSI(price = close("ZS")) > 70) +
(RSI(price = close("VRSK")) > 70) +
(RSI(price = close("EXC")) > 70) +
(RSI(price = close("CSGP")) > 70) +
(RSI(price = close("GEHC")) > 70) +
(RSI(price = close("GFS")) > 70) +
(RSI(price = close("ON")) > 70) +
(RSI(price = close("XEL")) > 70) +
(RSI(price = close("BKR")) > 70) +
(RSI(price = close("TTD")) > 70) +
(RSI(price = close("CCEP")) > 70) +
(RSI(price = close("CDW")) > 70) +
(RSI(price = close("ANSS")) > 70) +
(RSI(price = close("MDB")) > 70) +
(RSI(price = close("DLTR")) > 70) +
(RSI(price = close("TTWO")) > 70) +
(RSI(price = close("FANG")) > 70) +
(RSI(price = close("SPLK")) > 70) +
(RSI(price = close("WBD")) > 70) +
(RSI(price = close("ILMN")) > 70) +
(RSI(price = close("SIRI")) > 70) +
(RSI(price = close("WBA")) > 70);
plot y = x;