Re: [amibroker] rs indicator

["David Holzgrefe" <dtholz@xxxx>]

Thanks TJ rather clever now if only we could get 
those nice labels on the charts ?
 
Regards David
<BLOCKQUOTE 
>
----- Original Message ----- 
<DIV 
>From: 
Tomasz Janeczko 

To: <A title=amibroker@xxxxxxxxxx 
href="">amibroker@xxxxxxxxxxxxxxx 
Sent: Tuesday, November 20, 2001 12:52 
AM
Subject: Re: [amibroker] rs 
indicator

Hello,
 
You can also take a look at "Relative Performance 
charts"
described in the S&C traders tips inthe 
member's area at:
<A 
href="">http://www.amibroker.com/login.html
 
Best regards,
Tomasz Janeczko
amibroker.com
 
<BLOCKQUOTE 
>
----- Original Message ----- 
<DIV 
>From: 
Tomasz Janeczko 

To: <A title=amibroker@xxxxxxxxxxxx 
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Monday, November 19, 2001 2:37 
PM
Subject: Re: [amibroker] rs 
indicator

David,
 
The absolute value of RS means nothing 
because
RS is simply a ratio of two prices
currently_sel_ticker/index
 
(in AmiBroker it gets multipled by 
1000)
 
so the absolute value depends on priceof your 
security.
 
What *IS* important is the RATE OF CHANGE of 
RS.
If Rate Of Change of relative strengthis 
positive - it means
that given security outperforms the 
index.
 
So, it is actually better to plot ROC of 
RS

Graph0 = ROC<FONT 
color=#000000 size=1>( <FONT color=#0000ff 
size=1>RelStrength( <FONT 
color=#ff00ff size=1>"^DJI" ), 
10 
);
(replace ^DJI by XAO or other index 
name);
 
- this will give you the percentage ofhow much 
your security outperformed the index
in the recent 10 bars.
 
Best regards,
Tomasz Janeczko
amibroker.com
 
<BLOCKQUOTE 
>
----- Original Message ----- 
<DIV 
>From: 
David 
Holzgrefe 
To: <A 
title=amibroker@xxxxxxxxxxxxxxx 
href="">amibroker@xxxxxxxxxxxxxxx 

Sent: Monday, November 19, 2001 2:10 
PM
Subject: [amibroker] rs 
indicator

hi TJ and others 
 
could you please explain how the scale works 
on the rs comparison
 
in the attachment there is the asx all 
ordinary's index and a stock the has performed well,  when I look at 
the RS indicator I find it hard to get a understanding of what the graph 
is saying 
 
The stock has out performed the asx but by 
how much ?  rs value 0.668 ?
 
Thanks David 
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