My question is in regards to calculating relative strength of security
compared to S&P500.
>
> First, how does the AFL function RelStrength work? If I enter
> RelStrength(MSFT), what exactly is calculated. I understand there are an
> infinite number ways to calculate relative strength.
>
> For this example, assume I have two arrays (S&P500 and other security).
> S&P500 data goes back to 09/01/1988 and other security goes back to certain
> date later than 1988. If I want to calculate relative strength based on the
> date of the last quote for the 'other security' as follows:
>
> Relative Strength = (Pt/Mt) / (P0/M0)
>
> where Pt is the security's price, Mt is the S&P500's value and P0 and M0 are
> the initial values (very 1st quote for security).
>
> How do I determine P0, and then look the same number of bars back for S&P500.
>
> I would like to do this for a number securities, so the date of the 1st quote
> will always be different.
>
> Thanks
>
> Levi
>
