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Registered User Joined: 8/24/2006 Posts: 21
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How can I run a relative strength comparison of individual stock market sectors with each other and with the broad market averages?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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I do not know of a practical automated method of writing Relative Strength PCFs in TeleChart. You may wish to review the following for a semi-automated technique for creating Relative Strength in a Personal Criteria Formula:
Indexes in PCF's
RSMA PCFs
That said, the rank or order of the Relative Strength versus any given symbol of a list of symbols will be the same as the rank or order of the base Price Percent change of that same list of symbols. A 6-Month Price Percent Change Personal Criteria Formula could be written as:
100 * (C / C126 - 1)
And a 3-Month Price Percent Change PCF could be written as:
100 * (C / C63 - 1)
How to create a Personal Criteria Forumula (PCF)
Create your own stock rankings using WatchLists and Sort conditions
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 8/24/2006 Posts: 21
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Thank you Bruce.
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Registered User Joined: 8/24/2006 Posts: 21
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Bruce, can this be accomplished in TC2000. i.e run realative strength comparisons of the sectors with each other and then again with the broad market averages?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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I do not know know of a way to duplicate the technique of copying the results of the formula test for a symbol used in Indexes in PCF's and RSMA PCFs. So while this bustermu's basic idea would be possible in the TC2000.com version 11 beta, it would not be as simple to implement as in TeleChart as you would have to type the numbers from the formula test instead of using copy and paste.
Sorting by the Price Percent Change will still produce exactly the same order as sorting by the Relative Strength versus another symbol over the same Period.
The best way to influence what will be in TC2000.com is to actively participate in the TC2000.com version 11 beta. All questions, comments and suggestions related to the TC2000.com version 11 beta should be addressed to:
feedback@tc2000.com
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 8/24/2006 Posts: 21
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Once again, thank you Bruce.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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