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Ara,
I might be misinterpreting your question so my apologies if this is not
what your asking for....You could use the S&P Select Spyders (XLE -
Energy etc.) as your sectors and compare against each stock marked
within AB (using Symbol/Categories with XLE as the RS symbol) or if
you have QP data you can build your own sectors and industry group
composites and compare against them. I use QP's industry classification
but create my own sector hierarchy as in the attached picture which is
showing the Banking-Midwest industry group with an RS line measuring
against the sector as well as the market. To make all of the indicators
easily I use simple symbols like BANK1 (1 always the sector) and BANK2
etc. so that I could "find & replace" in word to make the process
easier as I have 25 Sectors and over 200 industry groups. I then
created layouts for each Sector including their corresponding industry
groups. I also created a watch list of the industry groups so I can
easily run scans on RS rankings Alpha etc.
I am sure there is a better/faster way but this worked for me. Again,
not sure
this is what your asking but hopefully this may be of some help.
Duke Jones, CMT
Ara Kaloustian wrote:
How would one compute Industry
Relative Strength relative to Sectors ... since there is sector data in
QP... just sector groupings.
Compare the Industry values to the
Standard and Poors sector values?
Anyone done this ?
Thanks
Ara
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