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Jose
Thanks for your advice. William O'neill talks
very passionately about the RSC in his book How to make money in stocks. I
respect his writings. He makes good sense. Its about finding whether the
stoick is a leader or laggard.Hise definition is:
"A proprietary rating that meassures the price
performance of a given stock against the rest of the market foir the past 52
weeks. Each stock is assigned a performance rating 1 to 99 with 99 being the
best. An RS rating of 99 means the stock has ouitperformed 99%of
all other companies in terms of price performance".
Peter
----- Original Message -----
Sent: Wednesday, December 22, 2004 6:57
PM
Subject: [Metastockusers] Re: Relative
Strength (like Investor's Business Daily)
Peter, I'd love to put something together to show off
this excellent
tool (URSC), but I'm currently so short of available time
that sleep
seems like a luxury for me now.
There is an excellent
set of articles about incorporating the URSC kit
into a winning trading
strategy, being written for Roy's MSTT
newsletter by a professional
trader. They will be published in the
January and February issues of
MSTT.
http://www.metastocktips.co.nz/
jose
'-)
--- In Metastockusers@xxxxxxxxxxxxxxx, "metastkuser"
<andysmith_999@xx
..> wrote:
>
> Peter,
>
>
Jose has a Universal Relative Strength Comparative (URSC) plugin for
>
MS. I looked at his website and downloaded the URSC user guide -- it
>
looks like an excellent product.
>
> Before I purchase it
though, I'd like to get a better understanding
> on how RSC is best
used -- above and beyond just sorting/ranking a
> list of stocks.
>
> Jose, can we convince you to write an "Applications
Note"?
>
> Thanks!
>
>
>
>
> --- In Metastockusers@xxxxxxxxxxxxxxx, "Peter Fox" <pgfox@xxxx>
wrote:
> > I am sorry but I can't help you with Metastock. I
bought and add-
on
> from Jon Debry a few years ago but haven't
always been happy with it
> seems to miss some stocks in its
calculations. If you find out a way
> in Metastock then let me know.
Stan Weinstein also wrote a book
> mentioning the RS line also.
>
> regards
> > ----- Original Message -----
>
> From: metastkuser
> > To:
Metastockusers@xxxxxxxxxxxxxxx
> > Sent: Monday,
December 20, 2004 7:13 AM
> > Subject: [Metastockusers]
Relative Strength (like Investor's
> Business Daily)
> >
> >
> >
> > Is there a way in MS9 to
plot the equivalent of Investor's
> Business
> >
Daily's Relative Price Strength (RS) line? Metastocks's RS
> function
> > only compares the stock with an index -- it does not
rank
against
> > other stocks.
> >
>
> (NOTE: I'm after the RS line, not just the instantaneous
RS).
> >
> >
Thanks!
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