Thanks Murthy sir
I was not knowing about this as I was not aware of the this system in Amibroker, Thanks once again for that
Shedding some light In this area u can see where is the stock performance is moving in relation to Nifty Index or the Sector Index.....So, U have to put ur Nifty and Stock and Sector for Example Nifty, ICICI, Bank Nifty in the parameter window and anlyse how it has moved
For example on Daily setting I come to know that Nifty has moved from 0 to 180 but the stock has moved just 0 to 150 but in Sector it have moved from 0 to 190 that shows how the stock is performing in the sector w.r.t Broader Market
This is one style of knowing Relative Strength, but i wanted some ranking based RS which is universal and related to all 500 stocks that i chose,( In USA they provide in Investors Business Daily)
During Bull Phase I will consider stocks which are above 80 in rankings
During Bear Phase I will Conseider stocks which are below 20 in ranking
Thanks
Kevin