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Relative Strength of Stock to Index by Frederick W. McKenzie

Here is what I have been using as Relative Strength (RSC) Compared to the XAO.


Relative Strength of Stock to Index

Column A:

Column B:
If( (Ref(Div(CLOSE,P),-4) > Ref(Mov(Div(C,P),30,E),-4)),1,0)

Column C:
If( (Ref(Div(CLOSE,P),-3) > Ref(Mov(Div(C,P),30,E),-3)),1,0)

Column D:
If( (Ref(Div(CLOSE,P),-2) > Ref(Mov(Div(C,P),30,E),-2)),1,0)

Column E:
If( (Ref(Div(CLOSE,P),-1) > Ref(Mov(Div(C,P),30,E),-1)),1,0)

Column F:
(( C/P - Mov(C/P,30,E)) / Mov(C/P,30,E)) * 100

Div(C,P)> Mov(Div(C,P),30,E) AND colB=1 AND colC =1 AND colD = 1 AND colE =1


I name columns B - E period 1, 2, 3, etc.

Open The chart of the index you wish to get the relative strength of the securities on make periodicity "Week".
In the options area of the exploration editor change to Week. This formula will select securities that have out perform the index over the last 5 weeks. The formula in column F provides a way to rank the securities in terms of their recent performance relative to the index.

Frederick W. McKenzie

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