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PureBytes Links
Trading Reference Links
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Yuki,
www.google.com
Query string you enter:
comparative relative strength
top 5 entries explain it in so many details that no more is needed.
For example 3rd entry on the result list:
http://www.marketscreen.com/help/AtoZ/default.asp?Num=92
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.
As you can see, there is no "period" parameter at all.
Comparative relative strength is just price of one security divided by price of another.
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: "Yuki Taga" <yukitaga@xxxxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Sunday, November 14, 2004 9:34 AM
Subject: [amibroker] comparative RS
>
> 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.
>
>
>
>
> Check AmiBroker web page at:
> http://www.amibroker.com/
>
> Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> Yahoo! Groups Links
>
>
>
>
>
>
>
>
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