Industry Relative Strength

The Industry relative strength trading system is a basic trading system that shows you how to create a strategy by comparing a stock performance with its industry performance.

The strategy uses the "IndustryIndex" custom function (It can be downloaded here: Industry Index Name) to get the ticker symbol of the analyzed stock's industry. It then gets industry time series, calculates one month performance and compares it to the one month performance of each stock. A buy entry is initiated when the stock outperfom its industry.

A ranking system was added to this strategy so that only the top 20 stocks that are outperforming their industries are bought. Positions are sold after one month using a 25-bar stop.

Industry data can be downloaded by using the following item: Industry Market Data. This item downloads historical quotes for more than 90 industries.

More info on this strategy can be found in the following blog post:
Industry Analysis - How to Compare Stocks with their Industries

Technical Analysis

• NYSE Advances and Declines
• FirstTradingDOM
• Choose function
• Time Segmented Volume
• Short Term Trading System with RSI Ratios
• ISEE Index - ISE Sentiment Index
• Ratio of open-close to high-low range
• TFS MBO
• Record High Percent - 10-day Simple Moving Average of the High-Low Index
• Short Cover Simulation Indicator
• More trading objects...

Fundamental Analysis

• Industry and Sector Information for the US Stock Market
• Analyst Rating
• Historical Jobless Rate
• Yahoo Historical Buy/Sell Recommendations
• Real Gross Domestic Product - Historical data
• Industry Relative Strength
• AAII Asset Allocation Survey: Stock Funds, Stocks, Bond Funds, Bonds and Cash
• Market Cap Historical Data for the US Stock Market
• Historical Stock Market News
• iShares Exchange-Traded Funds - ETF Fees and Expenses
• More trading objects...