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RS - Relative Strength (comparative)
Compares the performance trend of a stock or industry group relative to
another stock, group or index. This comparison removes the emotion from the
marketplace. Many times a drop in relative strength can indicate a coming
drop in actual price of the security. Do not confuse with Wilders's RSI.
The concept is to identify which stock or market sector is performing the
best. Assuming that trends will continue to persist for some time, it is
more probable that before a stock price will drop sharply it will first
loose relative strength against other stocks. This would indicate a sell
prior to such a price drop. An increase in relative strength does not
necessarily indicate that the index is heading up, but it does signal a buy
alert.
RELSTRENGTH (AFL 1.3) SYNTAX relstrength( "tickername" )
RETURNS ARRAY
FUNCTION Calculates relative strength of currently selected security
compared to "tickername" security. When you give an empty string as
argument, a standard relative strength base security taken from
Stock->Categories will be used.
EXAMPLE relstrength( "^DJI" )
Peter Gialames
-----Original Message-----
From: Brook Ewers [mailto:cebe@x...]
Sent: Wednesday, August 01, 2001 8:11 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: Re: [amibroker] Best way to deal with hot industries / sectors
?
Top down analysis, find sectors outperforming the benchmark, then find the
performers within the industries. remember RSC not RSI. I hope amibroker can
do RSC, any tips Tomasz?
----- Original Message -----
From: <lemanioc@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Thursday, August 02, 2001 1:16 AM
Subject: [amibroker] Best way to deal with hot industries / sectors ?
> HI,
> once you have organized all you stocks in sector / industries, what
> is the best way to know what's hot ?
>
> Do you use amibroker for this, or do you just get the info from
> another website ?
>
> SUggestions welcom.
>
> Thanks,
> Manioc
>
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>
>
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>
>
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