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When you do relative strength comparatives, you are trying to
determine the degree to which a security is out performing or under
performing something else, usually it's index. If you have ten
securities, you need to be able to rank them. Then you can tell which
ones are outperforming their comparatives and by how much. When you
rank something the ranking needs to be consistent.
Try doing that with the RS function in MS and see how far you get.
It's a pain to use, and the relative rankings are poor. It's just a
weak spot in MS. That's too bad. Something as important as the
relative strength of a stock should be a central function in any TA
program. Ask IBS if RS is important.
--- 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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