Relative Strength

Research
1

I am trying to use RS as a buy criteria.

I understand how it is possible to calculate this for a ranking, but I do not see the possibility of using RS at the time of buy.

e.g. RS13Wk > 90

Is this possible? Thanks

2

Not at the moment. I’ll add a function that you will be able to use in Buy/Sell rules. It will probably look this: Rank(RS13Wk)

Thanks.

3

Marco,

I like the idea of an RS addition as mentioned. Would it be also possible to use the slope of the RS to determine a rising/falling level?

4

I don’t have an RS indicator yet… I think he was referring to Pr13W%Chg or a custom formula he created. I’ll take a look at RSI. To detect a rising/falling trend, have you tried the new PctAvg() function? What’s so great about RSI?

5

Marco,

I was referrring to RS as in a Relative Strength comparative (i.e. Stock vsv SPX) not as computed as Welles Wilders Relative Strenth Index which are not the same.

I was hoping to see if one could take either the slope of the comparative line or inlcude a buy filter that uses an increasing RS Comparative ranking. In other words, buy only if the RS rank is increasing over “n” periods.

Thanks

6

Marco,

Do you have time to develope a Relative Strength indicator Now?

Denny

7

After this week I’ll compile a list of all the suggestions and ask everyone to vote to prioritize them. Thanks.

8

Marco,

Is it time to “compile a list of all the suggestions and ask everyone to vote to prioritize them”?

Denny:sunglasses:

9

Hi, how I can model Relative Strength?

10

I would like to be able to use Wilder RSI 14 .It is simply a very easy to understand momentum indicator, with clear indicators of overbought, oversold status, and a pretty decent indicator for showing where the price stands in relation to certain moving averages.

11

Is this functional available? If so, where is an examplanation for this?

Also, per an earlier post, AvgPct() is the slope of the actual stock price over time?

12

Tim,

RSI is available under Function; TECHNICAL ANALYSIS, RSI

It is defined in the help files as:

RSI(period,offset)

period: number of bars between 5-50
offset: number of bars between 0-100

The RSI function returns J. Welles Wilder’s Relative Strength Index
indicator. For example: To screen for stocks whose 14-period RSI >
70, and has increased from the value 10 bars ago, enter:

RSI(14,0) > 70 And RSI(14,0) > RSI(14,10)

NOTE: The more data points that are used to calculate the RSI, the
more accurate the results. Portfolio123 uses up to 100 bars.

Denny :sunglasses:

13

Hi Folks,

I am getting a little confused. I think we are discussing now two types of Relative Stength…

  1. The RSI indicator
  2. A ranking against a criteria, such as a 13 week price that has moved higher than 90% of the stocks in the market, or a RS of 90 on 13 weeks of price movement.

As just pointed out above, we have RSI in the technicals.

Don’t we already have the #2 form of RS by using the FRank() formula?

Thanks,
Carl