It sounds like you mean the relative strength function in the chart prograrm.
To use it, just bring up a chart, and go to Options - Relative Strength and enter the symbol to compare to.
The rs line is calculated by dividing the underlying close by the rs symbol close for each day. The slope of the line just indicates if the underlying symbol is outperforming, or under performing.
Relative Strength Lines let you graphically compare an issue to a market index or another issue. A rising Relative Strength Line means the issue is out-performing the index or issue you're comparing it to; a falling RS Line means the issue is under-performing.
The Relative Strength Line is calculated by dividing the value of the issue for each period by the value of the item you are comparing it to. (This is different from both the Quote Plus Relative Strength and Wilder's Relative Strength Index.)
In the example below, the Relative Strength Line (in white) compares the value of General Motors stock (green line) with the S&P 500 index.
Best regards,
Gary
----- Original Message -----
From: donpickdonpick
To: [email protected]
Sent: Tuesday, May 23, 2006 12:45 PM
Subject: [quotes-plus] How relative strength is calculated
Running QP v2.3, build 3.0.0.0
As you know, one can compare one symbol to another using the RS
function in Display Charts. How is this calculated? Percentage change
of each symbol?
Standard deviation from some mean?
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