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There is very little "Relative" in traditional RSC. There is a lot
more to computing meaningful RSC than just dividing one data array
over another.
>From http://users.bigpond.com/prominex/Tools/URSC.htm :
RSC traditional problems
========================
Traditional Relative Strength Comparisons to another data set such as
an index, have many problems:
RSC indicators don't plot any meaningfully consistent values,
and thus values between different charts (specially those with
different scales) cannot be directly compared;
The RSC starting zero-point - which is important in determining
the current RSC level - shifts according to the amount of data
available for each chart;
RSC indices have to be manually chosen for each new chart, which
means automatic explorations and systems based on traditional
RSC's are not possible.
URSC solutions
==============
All the above shortcomings (and more) are addressed by the
URSC plug-in kit:
• Normalized values with true % levels that are directly comparable
to all charts;
• Adjustable common zero-starting data points, independent of
any missing chart data;
• Automatic selection of GICS Sector Indices, to match
each stock;
• Automatic GICS vs major market index Relative Strength Comparisons;
• Automatic display of GICS Industry numbers for current chart;
• Chart Experts can display above/below strength zones and URSC-EMA
breakout signals;
• Complex & detailed URSC Explorations of all stocks vs major indices;
• URSC Explorations of all stocks vs their respective GICS sector
indices;
• Complex Exploration filtering of any combination of selected
GICS Industry Groups.
• Create your own favourites lists - safer, easier and more useful
than MetaStock's volatile-storage method.
jose '-)
--- In Metastockusers@xxxxxxxxxxxxxxx, "joetrade69" <joetrade69@xxxx>
wrote:
>
> I don't understand, RSC is just one security divided by another.
> That is what the MS indicator gives...What is wrong with this?
> It is doing what it's supposed to do. Or is this other product just
> expanding on this simple concept?
>
> Thanks,
> Trader Joe...
>
>
> --- In Metastockusers@xxxxxxxxxxxxxxx, "John" <JohnDoeForever@xxxx>
> wrote:
> >
> > The relative strength comparison function in MS is poor to say the
> > least. In the December issue of MSTT, Roy mentions doing RSC
> > sorting with Jose's RSC product.
> >
> > I use Jose's version of the relative strength comparator, and it's
> > much, much better than the one MS comes with.
> >
> > I also use his MACD Divergence kit. He sent me an article about a
> > trader who uses MACD Div in his trading. It's an interesting
> > article with charts. If anyone wants to see it, they should ask
> > Jose for a copy.
> >
> > John
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