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Re: [amibroker] Relative Strength



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----- Original Message ----- 
From: "Damien" <damienb4l@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Thursday, July 04, 2002 2:47 PM
Subject: [amibroker] Relative Strength


Is there any way to calculate or approximate a stock's Relative 
Strength as defined by Investor's Business Daily (i.e., the relative 
price performance of a stock in comparison to all other stocks)?

I tried using RelStrength specifying the Wilshire 5000 Index (the 
broadest market measure I am aware of), but when I sorted the 
results by the RelStrength, it was apparent that the order was 
directly proportional to the Close price. Then I thought I could 
normalize it by dividing by the Close price, but the results of doing 
this were 0.09, 0.10, or 0.11 for all 8,876 stocks -- not a useful 
measure.

Am I missing something here?

Thanks,

Damien




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