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Speaking of IBD Relative Strength, does anyone know the indicator formula
for an IBD-type relative strength line. (I think it's a 200 day moving
average of close/indicator (S&P 500) with a 40% weighting toward the last
month, or something like that, but I called IBD a long time ago, and asked,
only to be told it was "proprietary".)
I also assumed that IBD RS <50 was weaker than the S&P and >50 was stronger,
but couldn't get a number that matched the IBD number.
Any one have this one figured out ?
-----Original Message-----
From: Richard Estes <restes@xxxxxxxxx>
To: chipa@xxxxxxxxxxxxxxx <chipa@xxxxxxxxxxxxxxx>; metastock-list@xxxxxxxxx
<metastock-list@xxxxxxxxx>
Date: Wednesday, December 03, 1997 8:58 AM
Subject: Re: Usefulness of IBD
>IBD's presentation of the market place is unexcelled. The information in
>their rankings alone is worth the price. I try not to look at a stock that
>is not EPS/RS >80. RSI has nothing to do with their RS rankings. Those
that
>compare a stock to say SP-500 in a comparison chart waste their time IMO.
>You need how a stock stands against all stocks. Only in IBD do you get
this.
>
>But if you are married to a few stocks, and don't care for the big picture,
>let it go.
>
>Richard Estes
>-----Original Message-----
>From: Chip Anderson <chipamy@xxxxxxxxx>
>To: metastock-list@xxxxxxxxx <metastock-list@xxxxxxxxx>
>Date: Wednesday, December 03, 1997 11:20 AM
>Subject: Usefulness of IBD
>
>
>>Question for the group:
>>
>>Because I can use MetaStock to compute the RSI for any stock and do
>>explorations, and because the Internet provides me with all of the
>>news I need, is the usefulness of Investor's Business Daily (IBD)
>>dramatically decreased?
>>
>>I am considering not renewing my subscription. Opinions?
>>
>>Thanks in advance,
>>Chip
>>
>>
>>
>>
>>
>>_________________________________________________________
>>DO YOU YAHOO!?
>>Get your free @yahoo.com address at http://mail.yahoo.com
>>
>
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