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MetaStock's Relative Strength Comparative indicator (RSC) is
practically next to useless.
"... (RSC) 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."
Division of one security by another yields wildly fluctuating
results. And having to (every time) select the security with
which to compare the chart's base security, is simply not
workable.
For useful Relative Strength Comparative indicators and
explorations, take a look at the URSC tool-kit:
http://www.metastocktools.com/URSC/URSC.htm
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, adest@xxx wrote:
>
> Mun Wai,
>
> There is a Relative STrength ( not RSI) in MetaStock
> Indicator already.
>
> Regards
> David Hunt
> www.adest.com.au
>
> Free Article by the Original on Turtle Trader
> http://www.liontrader.com
>
>
>
> Quoting mwtang2003 <mwtang@xxx>:
>
> Hallo ! All,
>
> I have read through William O"Neil book.
> In his book he suggest using Relative Strength to identify
> market leaders. Does anyone knows how to write this code ?
> Thanks in advance.
>
> mun wai.
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