FUNCTION: INIT

STUB: Rank1 = INIT(_TICKER)

Function INIT is used to set a field name in the Summary database to a null value. When running a formula for a number of stocks (or all the stocks) sometimes you may not have enough data for the current company and decide to skip over that company. But if you do not write a value for that company, then the Summary database will contain whatever value for that field and that company were there before. In order to avoid this you need to always set that field to null, so if you skip it the old data will not be there.


Also see

STOPIF