Click here to Login

                                                   Symbol Strength Relative to Index


2010-04-03 10:35:42

I want to create a relative strength stock ranking calculation, for example
- Price Change individual symbol/ Price Change underlying index

In Easy Language this would use data1/data2, in Amibroker you reference assign the index with the foreign function.

Could you please help with how it is done with Quantshare?

2010-04-03 11:59:18


Best Answer
Here is the formula for Symbol Strength Relative to Index: (Price change for the last 10 bars)
var1 = Perf(close, 10) / Perf(GetSeries("index name", close, LastData), 10);

2010-04-03 12:24:13


Perfect - thanks for the fast reply.

No more messages


No html code. URLs turn into links automatically.

Type in the trading objects you want to include: - Add Objects
To add a trading object in your message, type in the object name, select it and then click on "Add Objects"


Trading Items
Relative strength index multiple-length
Moving Average Relative Strength Index (RSI)
Rank Industries based on the average Relative Strength Index
Trading Rules based on the Relative Strength Index - RSI Indicato...
Oversold Stocks - Relative Strength Index - Market Timing Indicat...

How-to Lessons
How to associate an index with a list of stocks
How to display the bar index of a stock on a chart
How to get stocks for a particular index using the global script
How to plot the relative performance of several stocks/indices
How to rename a ticker symbol

Related Forum Threads
Creat a Composite Index from few stock symbol
Issue in Trend Strength Index Formula?
Chart Pattern Index problem
Stock or industry relative strenght : Indicator or composite ?
Unable to downlod Hang Seng index historical prices

Blog Posts
Create a Pivot Table that displays the Relative Strength Index - ...
Custom Indicator: Relative Strength
Create a stock index or a trading indicator using the composite t...
Compare stocks and securities by creating a relative performance ...
Short Index - Part 2

Create an account
Affiliate Program
Contact Us
Trading Forum
How-to Lessons
About Us
Terms of Use

Copyright 2015
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Follow us on Google+
RSS Trading Items

Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.