Support Board
Date/Time: Tue, 16 Sep 2025 22:22:07 +0000
Post From: relative strength
| [2014-03-06 20:16:49] |
| M5amhan - Posts: 468 |
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Hi, I have decided to purchase SC. I was wondering if you could add a study called "relative strength". This is different than RSI but a simple calculation. This is pulled from investopedia (parenthesis are from me relating to the indicator for SC) : Take the six-month (user defined bar length) rate of change in an investment's price (Chart #1) and divide it by the six-month (user defined bar length [same as first bar length]) rate of change in a relevant index (Chart #2). The investment's rate of change is divided by the benchmark's rate of change to get a relative strength value. If the value is greater than one, the investment is relatively strong; if the value is less than one, the investment is relatively weak.
It is a great study for people like me looking for the strongest performers to buy. Thanks |