StockFetcher Forums · Indicators and Measures · Comparative Relative Strength<< >>Post Follow-up
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msg #33617		 10/21/2004 7:38:11 AM

Comparative Relative Strength
Parameters Comparative Symbol
Period
 
Usage relative strength(^IXIC,45)
 
Description The comparative relative strength computes the ratio of the change in price between two stocks. Often this measure is used to compare an input stock with the change in price of an index. On StockFetcher, you can use the comparative relative strength to find stocks that are outperforming or underperforming an index or any other given stock.
 
Examples
Fetcher[show stocks where the relative strength(^IXIC,45) is above 1.25]


The example above will look for stocks whose price has outperformed the Nasdaq by 25% over the last 45 days.

Two parameters are required for this measure. The first is the stock or index symbol that you will compare against. The second parameter is the timeframe for the comparison. Below is another example showing stocks that just started to outperform IBM.

Fetcher[show stocks where the relative strength(IBM,60) crossed above 1.0]
StockFetcher Forums · Indicators and Measures · Comparative Relative Strength<< >>Post Follow-up

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