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#1
9th August 2006, 04:46 PM
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ERS Formula
Traderji,
How is the External Relative Strength calculated? Could you give me formula? Also a brief explanation how it is used in picking stocks? Regards, Raja Krsnan 
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#2
9th August 2006, 10:09 PM
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Re: ERS Formula
Hi friend,
Relative strength, RS is a solid indicator. It tells you how particular two or three stocks are outperforming the rest of stocks in the industry. If you know infosys is 80% better performing than rest of software stocks,you would naturally invest in it at all best opportune times. And nobody gives it free. http://www.tradingpicks.com/futures_newsletter.htm These people do the research and they can give it to you at nominal cost. However there is a way out.hardway,of course go to finance and start comparing price performance between two stocks, and performance of a stock with respect to nifty or sensex. keep infy constant and go comparing with every other stock. make your evaluation at the end. tedious? yes. Money does not come easy!!!!!!!
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#3
10th August 2006, 09:49 AM
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Re: ERS Formula
Thanx rvlv for the help.
I am not looking for easy money. since being in the market i want to know more about it. it is easier to follow advice, at times they too can go wrong. If i lose money, then it is solely because i did not do my home work. every person has some expectations from market, that is human. i want to work it myself and see if it works. i am responsible for all my actions and its consequences. that is is a hard lesson i have learned quite early in my trading & investment days. since tradiing is a everyday learning experience, i am curious about every aspect of it. whether i use it or not, remaining ignorant of the basic facts is a big mistake - considering that a forum like this gives every one a chance to learn and update their thirst for knowledge that has practical applications in this field. Regards, Raja Krsnan
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