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Hello,
You can also take a look at "Relative Performance
charts"
described in the S&C traders tips in the
member's area at:
<A
href="">http://www.amibroker.com/login.html
Best regards,
Tomasz Janeczko
amibroker.com
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Tomasz Janeczko
To: <A
href=""
title=amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx
Sent: Monday, November 19, 2001 2:37
PM
Subject: Re: [amibroker] rs
indicator
David,
The absolute value of RS means nothing
because
RS is simply a ratio of two prices
currently_sel_ticker/index
(in AmiBroker it gets multipled by
1000)
so the absolute value depends on price of your
security.
What *IS* important is the RATE OF CHANGE of
RS.
If Rate Of Change of relative strength is
positive - it means
that given security outperforms the
index.
So, it is actually better to plot ROC of
RS
Graph0 = ROC<FONT
color=#000000 size=1>( <FONT color=#0000ff
size=1>RelStrength( <FONT
color=#ff00ff size=1>"^DJI" ), <FONT
color=#ff00ff size=1>10
);
(replace ^DJI by XAO or other index
name);
- this will give you the percentage of how much
your security outperformed the index
in the recent 10 bars.
Best regards,
Tomasz Janeczko
amibroker.com
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
David
Holzgrefe
To: <A
href=""
title=amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx
Sent: Monday, November 19, 2001 2:10
PM
Subject: [amibroker] rs indicator
hi TJ and others
could you please explain how the scaleworks on
the rs comparison
in the attachment there is the asx all
ordinary's index and a stock the has performed well, when I look at
the RS indicator I find it hard to get a understanding of what the graph is
saying
The stock has out performed the asx but by how
much ? rs value 0.668 ?
Thanks David
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