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Tony,
Did anyone give you the code for this display and spread. I am
looking for it myself
Regards,
Keith
--- In amibroker@xxxxxxxxxxxxxxx, "Jayson" <jcasavant@xxxx> wrote:
> Tony,
> from TA A-z.......
>
> RELATIVE STRENGTH, COMPARATIVE
>
> Overview
>
> Comparative Relative Strength compares two securities to show how
the
> securities are performing relative to each other. Be careful not to
confuse
> Comparative Relative Strength with the Relative Strength Index.
>
> Interpretation
>
> Comparative Relative Strength compares a security's price change
with that
> of a "base" security. When the Comparative Relative Strength
indicator is
> moving up, it shows that the security is performing better than the
base
> security. When the indicator is moving sideways, it shows that both
> securities are performing the same (i.e., rising and falling by the
same
> percentages). When the indicator is moving down, it shows that the
security
> is performing worse than the base security (i.e., not rising as
fast or
> falling faster).
>
> Comparative Relative Strength is often used to compare a security's
> performance with a market index. It is also useful in developing
spreads
> (i.e., buy the best performer and short the weaker issue).
>
> Example
>
> In the following charts, the top chart displays both Microsoft and
IBM's
> prices.
>
>
>
> The bottom chart shows the Comparative Relative Strength of IBM
compared to
> Microsoft.
>
> The Comparative Relative Strength indicator shows that IBM's price
> outperformed Microsoft's price during the last three months of
1993. It also
> shows that IBM's price then underperformed Microsoft's price during
the
> first three months of 1994. (I drew the trendlines on the
Comparative
> Relative Strength indicator using the linear regression technique.)
>
> Calculation
>
> The Comparative Relative Strength indicator is calculated by
dividing one
> security's price by a second security's price (the "base"
security). The
> result of this division is the ratio, or relationship, between the
two
> securities.
>
>
> Regards,
> Jayson
> -----Original Message-----
> From: Tony/Dianne [mailto:awenos@x...]
> Sent: Saturday, June 14, 2003 8:23 AM
> To: Amibroker Group
> Subject: [amibroker] Relative Strength function
>
>
> Hi All,
>
> Can someone give me the formula used for computing the above
function?
>
> Regards,
>
> Tony
>
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