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Csong
The online help of MS states:
Quote
Comparative Relative Strength is calculated by
dividing one security's prices by a second security's price. The result of
this division is the ratio, or relationship, between the two securities.
Another way to display the Comparative Relative Strength of two securities,
is to create a composite security using The DownLoader (see The DownLoader
User's Manual for more information.)
Unquote
Basically the RSC is dividing one security with
another.
Using a custom indicator will allow you to
view any stock quickly. Using the canned RSC is a tedious process, where
everytime you need to select a stock with which to compare.
DusantChief Architect<A
href="">http://www.candlestrength.com/
----- Original Message -----
From: "csong60" <<A
href=""><FONT face=Verdana
size=2>arlie@xxxxxxxxxxxx>
To: <<A
href=""><FONT face=Verdana
size=2>equismetastock@xxxxxxxxxxxxxxx<FONT face=Verdana
size=2>>
Sent: Monday, July 19, 2004 3:56 AM
Subject: Re: [EquisMetaStock Group] Comparative
Relative Strength - can it be shown visually in another
window?
<FONT face=Verdana
size=2>> Hi! Dusant,> > I noticed that my MS7.2 has an
indicator named "Relative Strength > Comparative" but I am unable to view
its code. Any idea whether this > indicator does the same thing?>
> Best regards,> csong> > --- In <A
href=""><FONT face=Verdana
size=2>equismetastock@xxxxxxxxxxxxxxx,
"Dusant" <<FONT face=Verdana
size=2>dusant@x...> wrote:> >
Csong,> > Yes it can be done.> > Use the security() function
to first create an indicator to specify > the data for the Index. Then
use the "P" function to make an RSC plot > of the comparison between the
price plot and the index.> > Dusant> > Chief
Architect> > <FONT
face=Verdana size=2>http://www.candlestrength.com/<FONT
face=Verdana size=2>> > > > ----- Original Message -----
> > From: "csong60" <<FONT
face=Verdana size=2>arlie@x...>>
> To: <<FONT
face=Verdana size=2>equismetastock@xxxxxxxxxxxxxxx<FONT face=Verdana
size=2>>> > Sent: Sunday, July 18, 2004 1:21 PM> >
Subject: [EquisMetaStock Group] Comparative Relative Strength - can > it
be shown visually in another window?> > > > > > I
have done an exploration which select securities that was in a > >
150EMA downward trend BUT just moving upwards with the closing price >
> crossover the 150EMA.> > > > My next requirement will
be to gauge these selected securities > against > > the base
index, in this case the KLCI (Malaysia's KLSE index). I > guess >
> this what they called Comparative Relative Strength that compares a
> > security's price change with that of a "base" security. >
> > > My question .. Is it possible to create an INDICATOR to apply
to > each > > of the selected securities in order to VISUALLY
show the Comparative > > Relative Strength in another window?>
> > > Thanks & best regards,> > Csong>
> > > ------------------------ Yahoo! Groups Sponsor
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