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.


Display Relative Strength:

this allows you to display the selected Relative Strength information in the results table.

Period:

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.

Compared To:

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.

Filter Results:

this allows you to filter issues based on the selected Relative Strength.

Above:

only show those issues whose Relative Strength is greater than the given number.

Below:

only show those issues whose Relative Strength is less than the given number.

Outperform:

only show those issues whose Relative Strength is greater than that of the selected indice.

Underperform:

only show those issues whose Relative Strength is less than that of the selected indice.