Symbol Strength Relative to Index

Symbol Strength Relative to Index

swalk10
2010-04-03 10:35:42

I want to create a relative strength stock ranking calculation, for example
- Price Change individual symbol/ Price Change underlying index

In Easy Language this would use data1/data2, in Amibroker you reference assign the index with the foreign function.

Could you please help with how it is done with Quantshare?
Thanks!

QuantShare
2010-04-03 11:59:18

Best Answer

Here is the formula for Symbol Strength Relative to Index: (Price change for the last 10 bars)
var1 = Perf(close, 10) / Perf(GetSeries("index name", close, LastData), 10);

swalk10
2010-04-03 12:24:13

Perfect - thanks for the fast reply.

Get more messages

No more messages

Back


Trading Items Relative strength index multiple-length Moving Average Relative Strength Index (RSI) Rank Industries based on the average Relative Strength Index Trading Rules based on the Relative Strength Index - RSI Indicato... Oversold Stocks - Relative Strength Index - Market Timing Indicat...	How-to Lessons How to display the bar index of a stock on a chart How to get stocks for a particular index using the global script How to associate an index with a list of stocks How to rename a ticker symbol How to quickly add a ticker symbol
Related Forum Threads Creat a Composite Index from few stock symbol Issue in Trend Strength Index Formula? Chart Pattern Index problem Stock or industry relative strenght : Indicator or composite ? Unable to downlod Hang Seng index historical prices	Blog Posts Create a Pivot Table that displays the Relative Strength Index - ... Custom Indicator: Relative Strength Create a stock index or a trading indicator using the composite t... Compare stocks and securities by creating a relative performance ... Short Index - Part 2