Relative Strength

["Geoff Mulhall" <gmulhall@xxxx>]

Tomasz,
 
Can you help please ?
 
I have written a simple scan to pick up all stocks 
in out performing sectors follows - 
 
indexStr = 
RelStrength("XAO")/RelStrength("");
 
buy = indexStr > ref(indexStr,-1) AND 
Ref(indexStr,-1) > ref(indexStr,-2);
 
For explanation
 
RelStrength("XAO") = stock's close / close of XAO 
(XAO = Australian All Ordinaries ie equivalent to the ^DJI on 
NYSE)
 
RelStrength("") = stock's close / close of stocks 
sector index.
 
So indexStr = close of stocks sector index / close 
of XAO;
 
Thus indexStr should be the relative strength of 
the index sector compared the XAO.
 
This works for some stocks but not for others. 
Where it does not work RelStrength("XAO") = RelStrength("") !!
 
This would appear to mean that Ami is not 
recognising that some stocks are attached to a sector and is not picking upthe 
correct base index for that sector. I've checked that I have all the stocksare 
their correct sectors and that the base indexes are correctly set up. 

 
I have stock ADR in Group 0 Sector Gold and Ami 
calculates RelStrenght("") = RelStrength("XAO").
I have stock DGD in Group 1 Sector Gold and Ami 
calculates RelStrength("") correctly.
 
I must have something incorrectly 
configured. 
 
Any ideas of what to check ?
 
Thanks in anticipation,
 
Geoff
 
 
 
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