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Here is what I do:
[1] I generate industry indices using AB.
[2] all the indisutry indices are marked as indexes
using the property (index check box).
[3] They are kept in a separate group. The base index
for this group is set as the broad market index which
in my case is the NSE500. You could set any that is
relevant to your market.
[4] This gives you the relative strength of each
sector vis-a-vis the broad market.
HTH
Regards
Rakesh
--- Yuki Taga <yukitaga@xxxxxxxxxxxxx> wrote:
> The docs are (stop me if you have heard this one
> before) not so
> helpful for me. ^_-
>
> On the Tokyo exchange, there are 33 sub indices. I
> would like to
> compare all 33 sub indices against broader market
> averages. This is
> comparative RS, as I understand it.
>
> I have poured over the list archives, but I have
> uncovered nothing
> that allows me to explore and return values for each
> of the 33 sub
> indices compared to, say, the TOPIX (^IXJ) index.
> When I try to plot
> RS of various sub indices, I get numbers than are
> not bounded by 0 to
> 100, which seems odd to me.
>
> When I look up RS in the help file, I find nothing
> about periodicity,
> which I also find rather strange. Certainly
> comparative RS must be
> measured over some period of time, must it not? Am
> I completely
> nuts?
>
> In the docs, I find, as an example:
>
> EXAMPLE relstrength( "^DJI" )
>
> I'm sorry, but for someone out there, I'm sure this
> is an example.
> For me, it's just absolutely meaningless. It is so
> far from helpful
> that it may as well not even be there. ^^_^^
>
> Yuki
>
> P.S. An *example* is a *fully* *explained* way of
> using or employing
> something, not a cryptic, MAN-page-esque assumption
> that the reader
> knows something that, in fact, the reader my have
> absolutely no
> understanding about. This (above) is not an
> example! Think about
> it. There is no explanation of why the "example"
> doesn't follow the
> pattern of the syntax, or whether that is even
> important. There is
> not even a semi-colon after the statement, something
> I am reasonably
> sure would be necessary. It is NOT an example . . .
> of anything. I
> am sorry.
>
> I should think, at the very least, someone is going
> to try and get
> something out of an exploration with this
> information. An
> appropriate addcolumn() statement as an example
> would be a fine why
> to go about this. One might actually learn
> something.
>
> USAGE is what is important, NOT abstract theory.
> People want to know
> how to USE this information, with examples.
>
> TJ, I understand your frustration. Please try and
> understand mine. I
> go through documents for hours. It is a circular
> and incredibly
> time-wasting fishing trip, usually. And I am
> nothing if not stupid.
> But I do not come at this from a mathematical or
> programmatic
> background.
>
>
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