Relative Strength

[Linus]

Sunil Sir the great is at work again. do check out external relative strength too. will be useful in picking up the leaders.

Avi sir!,

no sir please! I am still learning from you guys!

Thanks for the suggestion!

Cheers!

ss

 

[Linus]

Jokes apart, good work done by Sunil. Please continue your postings
Thanks and regards
R. S. Iyer

Hi RSI!

That was a good one! Tnx.

ss

 

[alokdaga]

Had the pleasure of attending Larry Seminar in Delhi. Yes - he does stress on Relative Strength BUT relative to what - that is different for different stocks and commodities.

 

[swagat86]

Had the pleasure of attending Larry Seminar in Delhi. Yes - he does stress on Relative Strength BUT relative to what - that is different for different stocks and commodities.

hi alok,

in his book he refers to comparing a stock with Index.


thanks

 

[Linus]

Hi Swagat

Thanks for your chart on ITC.

Alok Daga, here is Satyam compared to Nifty. Looks like Satyam is just getting out of the woods.

ss

 

[kkseal]

Sunil Sir the great is at work again. do check out external relative strength too. will be useful in picking up the leaders.

'EXTERNAL relative strength' ? Woh kya hai?

 

[alokdaga]

Hi Swagat

Thanks for your chart on ITC.

Alok Daga, here is Satyam compared to Nifty. Looks like Satyam is just getting out of the woods.

ss

In fact concept of oversold and overbought applies here too - so satyam could have been a buy at lower levels with of course a proper breakout entry method

 

[beginner_av]

'EXTERNAL relative strength' ? Woh kya hai?

http://www.tradersedgeindia.com/external_relative_strength.htm

cheers

 

[Linus]

Here we compare HDFC Bank and SBIN. To calculate the relative strength, we divide HDFC price by SBIN price, and this ratio is plotted against SBIN. Here is a good article on Pairs Trading. http://www.investopedia.com/articles/trading/04/090804.asp

I am keeping this simple but will experiment with sigma- standard deviation.

Cheers!

ss

 

[beginner_av]

some more

http://www.debry.com/MetaStock/ersa_data_in_metastock.htm