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Relative Strength
Relative Strength
The Relative Strength differs from the RSI. The Relative Strength is appropriately
named because it provides a measurement of an issue's strength relative (as
compared) to the market, a sector, or a group. A RS of 50 means that the issue
is neutral or equal to the market, sector or group. Above 50, means the issue is
outperforming, and below 50, it is underperforming. Strong RS values are
associated with up trends, and weak RS values are associated with down
trends.
These settings allow you to select, display, and filter by Relative Strength.
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Display
Relative Strength:
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this allows you
to display the selected Relative Strength
information in the results table.
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Period:
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this allows you to select the period over
which the Relative Strength is
calculated, either 3 months, 6 months, 12
months, or a composite of all of these
periods.
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Compared To:
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the allows the user to select the other
issues that an issue is compared
against: either just issues within
the same group, the same sector, or
against all other issues in the market.
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Filter Results:
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this allows you to filter issues based on
the selected Relative Strength.
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Above:
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only show those issues whose Relative
Strength is greater than the given number.
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Below:
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only show those issues whose Relative
Strength is less than the given number.
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Outperform:
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only show those issues whose Relative
Strength is greater than that of the
selected indice.
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Underperform:
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only show those issues whose Relative
Strength is less than that of the
selected indice.
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