|
PureBytes Links
Trading Reference Links
|
Sam,
Not exactly.
At least in AmiBroker's manual:
RSI is always WILDERS RSI
RS is always comparative relative strength (price/base price)
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: "samgrayy" <samgrayy@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Monday, October 21, 2002 6:16 PM
Subject: [amibroker] Re: Relative Strength vs RSI - AB definition clarification, please?
> You are right .. there are two different things:
>
> - Relative Strength is a measure of how a stock is performing in the
> market. Typically within it's own industry. (Read William O'Neil's
> books and follow Investors Business Daily). It is refered to as RSI.
>
> - Weilder's RSI is a measure of the days in a row that a stock has
> been going up. So it acts as an oversold and overbought
> indicator since nothing goes up or down forever.
>
> So you have to live with the ambiguity of overlapping acronyms. From
> what I have seen so far, RSI refers to relative strength unless being
> refered to Weilder's RSI. Of course there are exceptions but that's my
> personal take.
>
> Hope that helps,
> Sam Gray
>
>
> --- In amibroker@xxxx, "mroman59" <mroman59@xxxx> wrote:
> > According to AB help file, RS by definition is: Calculates relative
> > strength of currently selected security compared to "tickername"
> > security, using SYNTAX relstrength( "tickername", fixup = 1)
> >
> > AND
> >
> > RSI is a technical indicator developed by Welles Wilder to help
> > investors gauge the current strength of a stock's price relative to
> > its past performance. It compares a stock's highest highs and lowest
> > lows over a period of time. RSI is based upon the difference between
> > the average of the closing price on up days vs. the average closing
> > price on the down days.
> >
> > Problem:
> >
> > Many investors use a screening method called relative strength to
> > filter out stocks that have a value between 0 and 100 which is not
> > considered RSI in my opinion. This filtering is the strength of a
> > stock price movement over a set period of time which is relative to
> > the price movement to all other stocks in the database. The
> > comparison to an index is not the objective, only how well the price
> > is moving compared to the price movement of other stocks.
> >
> > For exmaple: "Filter stocks whose RS is above 85" means screen for
> > those stocks whose price movement is in the top 15% of all stocks in
> > the database. Again, this is not RSI, because RSI compares a stock
> > price to its own past performance and not to that of all stocks.
> The
> > code somehow ranks stocks by percentile (0 to 100) and you
> > automatically know which stocks prices are in the top 10% or 15%,
> > etc., which ever filter you wish to screen for. The code must
> include
> > the ability to take into account the price within a given period of
> > days, for example 1 month, 3 months or 1 year, etc.
> >
> > At this time I can not find any instructions in AB that would help
> me
> > code and screen for stocks with price movement (or RS) that returns
> > all stocks with a selected value (between 0 and 100) which is
> > actually a comparison to all other stocks in the database. I have
> > used other software applications that performed this function, but
> > the code was not available to the user.
> >
> > Your help is appreciated.
> > Thank You
>
>
>
> Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
> (Web page: http://groups.yahoo.com/group/amiquote/messages/)
>
> Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
|