Fundamental condition: last 3 quarters with positive EPS?

Author: gbullr

Creation Date: 7/26/2013 4:39 PM

Wealth Lab » Trading Strategies » Fundamental condition: last 3 quarters with positive EPS?

gbullr

7/26/2013 4:39 PM

Eugene or Cone.

Thank you in advance.

I am trying to look at stocks whose last 3 quarters have had positive eps.

Is there an easier way than

fi[bar] > 0
fi[bar-22] >0 and
fi[bar-44] > 0 ?

Obviously with this method I would get into problems w/ leap years and things like that.

Thanks

Eugene

7/27/2013 2:06 AM

Here you go:

CODE:
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The strategy assumes quarterly EPS data.

The code is commented for you to understand what's going on.

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Here you go:

[code]using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;

namespace WealthLab.Strategies
{
	public class RisingEPSStrategy : WealthScript
	{
		protected override void Execute()
		{
			string item = "eps";			// Fidelity
			//string item = "[msn] eps";	// MSN MoneyCentral
			//string item = "[e] eps";		// Earnings.com
			//string item = "[ms] Earnings Per Share";		// Morningstar
			//string item = "[yc] eps";		// YCharts
			
			DataSeries eps = FundamentalDataSeries(item);
			IList<FundamentalItem> fList = FundamentalDataItems(item);

ChartPane fundPane = CreatePane(40, true, false);
			PlotSeries(fundPane, eps, Color.Black, WealthLab.LineStyle.Solid, 1);

for(int bar = 1; bar < Bars.Count; bar++)
			{
				if (IsLastPositionActive)
				{
					int days = 90;
					Position p = LastPosition;
					if ( bar+1 - p.EntryBar >= days )
						SellAtMarket( bar+1, p, "Timed" );
				}
				else
				{
					FundamentalItem fi1 = null;
					try {
						// Get last EPS fundamental item
						fi1 = GetFundamentalItem(bar, Bars.Symbol, item);
						if( fi1 != null )
						{
						int idx = fList.IndexOf(fi1);
						
						// If EPS > 0 and there's enough items
							if( fi1.Value > 0 && fList.Count >= 3 ) {

int cnt = 0;							
								if( idx - 3 > 0 ) {	// got 3+ fund.items past this bar
									for( int i = idx; i >= idx-3; i-- ) {	// loop by item backwards
										if( fList[i].Value > 0 )	// if EPS > 0...
											cnt++;					// ...increment counter
									}
								}
							
								if( cnt >= 3 ){
									BuyAtMarket( bar+1, "Rising EPS" );
								}
							}
						}
					}
					catch {
					}
				}
			}
		}
	}
}[/code]

The strategy assumes quarterly EPS data.

The code is commented for you to understand what's going on.

Wealth Lab » Trading Strategies » Fundamental condition: last 3 quarters with positive EPS?