Analysis Techniques & Strategies

P/E UndVal LX (Strategy)

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The P/E UndVal LX strategy is used for long exits and sells when the P/E crosses from below its average value to above its average value or when the P/E can no longer be properly calculated because earnings are zero or negative.

Input Information

Name Type Default Description
EarningsField String SDBF Specifies the short name of the fundamental data to read for earnings per share.
AvgLength Numeric 12 Sets the number of bars used to determine the average P/E.

Usage

Long exit that is triggered after the P/E of a specified earnings field crosses over the average P/E or when the P/E can no longer be properly calculated because earnings are zero or negative.   P/E is calculated using current closing price and trailing twelve month (TTM) earnings per share.  

Remarks

Order Name: PEUndLX

Related Strategy:  P/E UndVal LE