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Hello,
Comparative Relative Strength can be useful in deciding which security
to buy, by helping to pinpoint the best performer. They can also be
useful in developing spreads, i.e., purchase of the best performer
"long", and selling the weaker issues "short."
Steve, if you load the following into AA , select the ndx100 and
componets , n last quotation and n=1,click explore...the results are
quite different....
also, the RS% value is comparing the ticker to the INDEX, your value is
simply a ROC of the Ticker itself.
Anthony
steve_almond wrote:
> Anthony,
>
> This works perfectly, as usual. Question is, does this gain anything
> over a simple (ROC?) ranking using something like:
>
> rs=(C-Ref(C,-250))/Ref(C,-250);
> Filter=1;
> AddColumn(rs,"rs",1.2);
>
> If I rank all the stocks in the ^NDX using the two methods, the
> results are VERY similar (but not EXACTLY the same).
>
> Steve
>
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Anthony Faragasso" <ajf1111@xxxx>
> wrote:
> > Alan,
> >
> > Here is what I use:
> >
> > //Relative Comparison %
> > period = 250;//Period of relative Comparison
> > BaseMarket="^ndx";//select Base market
> > x = Foreign(BaseMarket,"C") - Ref(Foreign(BaseMarket,"C"),-period);
> > x = (x / Ref(Foreign(BaseMarket,"C"),-period)) * 100;
> > y = C - Ref(C,-period);
> > y = ( y / Ref(C,-period)) * 100;
> > rs = y - x;
> > Filter=1;
> > AddColumn(RS,"RS_%",1.2);
> > Anthony
> >
> > -------Original Message-------
> >
> > From: amibroker@xxxxxxxxxxxxxxx
> > Date: Friday, March 14, 2003 12:50:55
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: [amibroker] RSI
> >
> > Has anybody developed a formula that calculates and shows the RS of
> a
> > certain stock compare to list of stocks (such as N100). Something
> > similar to RS in Investor Business Daily.
> >
> > Alan
> >
> >
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