StockFetcher Forums · Announcements · New Measure: Comparative Relative Strength<< 1 2 >>Post Follow-up
stockfetcher
963 posts
msg #26208
4/11/2003 3:51:59 PM

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.

Below is an example demonstrating this measure:

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]



Please let us know if you have any questions or comments about this new measure, or if you encounter any problems when using this measure.

Thank you,

StockFetcher Support


43201450
1 posts
msg #26251
Ignore 43201450
4/16/2003 12:15:17 PM

Is it possible to use a moving average of the compartive relative strength?
i.e., Can I do something like the 20-day MA of the comparitive relative strength(of a stock vs a index) crossed above the 50-day MA of the comparitive relative strength?


defghca
150 posts
msg #26257
Ignore defghca
4/17/2003 12:40:39 PM

this was too good to be true..
i recognized the yahoo symbol for the index and wondered if we would compare to
other well known indexes
sp500 ^gspc yes
nyse comp ^nya yes
dji30 ^dji yes
see http://finance.yahoo.com/m1?u for others

and i foolishly thought
tse ^gsptse
cdnx ^spcdnx

but to no avail !!!


defghca
150 posts
msg #26630
Ignore defghca
5/27/2003 4:07:40 PM

i am not sure of the meaning of :
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.

please clarify because i read that the stock has outperformed the nasdaq for 45 consecutive days but the filter results don t indicate that
thanks



sbeckers
20 posts
msg #33612
Ignore sbeckers
10/19/2004 9:18:51 PM

I wonder if there is a way to create a moving average of the comparative relative strength to an index as was mentioned before. Does anyone know how to do this?


yepher
353 posts
msg #33658
Ignore yepher
10/23/2004 11:59:14 PM

You might try something like this:

Fetcher[
show stocks where the relative strength(^IXIC,45) is above 1.25
AND draw cma(relative strength(^IXIC,45), 10)
]






sbeckers
20 posts
msg #33678
Ignore sbeckers
10/25/2004 10:01:44 PM

Thanks, that works well


rsdivekar
8 posts
msg #33683
Ignore rsdivekar
10/26/2004 9:25:26 AM

This is outstanding! Thanks SF.


Longhaily
58 posts
msg #58482
Ignore Longhaily
12/24/2007 5:16:29 PM

12/24/07

Hi StockFetcher Support:

How did You write your filter name :

OUTPERFORMING THE NASDAQ ?
OUTPERFORMING THE DJIA ?

Are You using " Comparative Relative Strenght ( Symbol, 45 ) " ?

Thanks

Phillips Lee

TheRumpledOne
6,359 posts
msg #61905
Ignore TheRumpledOne
modified
4/28/2008 8:09:53 PM

Fetcher[
set{diff,close / ind(^IXIC,close)}

set{RS_HI, relative strength(^IXIC,100) 100 day high }
set{RS_LO, relative strength(^IXIC,100) 100 day low }

diff reached a new 1 year low and compare with ^IXIC

market is nasdaq
volume above 300000
RS_HI above 1
RS_LO below 1


add column diff
add column RS_HI
add column RS_LO

add column ind(^IXIC,close)
add column relative strength(^IXIC,100)

draw relative strength(^IXIC,100)

sort column 5 descending
]



Can I access the values of the chart displayed for the compartive relative strength?


The yellow line is the stock and the red line is the index. Those are the 2 values I want to access.

Thanks.




StockFetcher Forums · Announcements · New Measure: Comparative Relative Strength<< 1 2 >>Post Follow-up

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