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0002ct
Posted : Monday, March 20, 2017 11:46:44 AM
Gold Customer Gold Customer

Joined: 11/19/2015
Posts: 273

Good morning. I'm trying to put together an idea.

Say I have a group of tickers:
SPY
GOOG
MSFT
FB
GLD


What I'm trying to do is rank the group using a combination of relative strength relative to the group (not an index) and rate of change. I'm trying to evaluate relative movement and strength within the group for each ticker in the group.

  1. I want to be able to see a clear leader.
  2. And a clear laggard.
  3. And imporantly, I also want to be able to see strength-based position/rank changes (crosses?), such as GLD going from 5th to 2nd within the calcuation period.

Say this is on a 20 day basis. Period is arbitrary, just trying to work out this idea.

Thank you, and I hope all is well.

0002ct
Posted : Monday, March 20, 2017 11:47:30 AM
Gold Customer Gold Customer

Joined: 11/19/2015
Posts: 273

I mean to edit my post title but didn't do so. Should be something like "ranking strength and movement in a group" etc.

Bruce_L
Posted : Monday, March 20, 2017 12:05:12 PM


Worden Trainer

Joined: 10/7/2004
Posts: 61,012

I would just add all 5 symbols as their own indicators to a chart.

Then add 5 Rate of Change Percent Indicators to the same pane and scale on the same chart and change the Data Source of those 5 ROC% indicator to use the 5 symbols you added earlier.

Use different colors for each symbol.

Use the same colors for the ROC% indicators as you used for the symbols.

It isn't a relative strength in that the values are the actual ROC% values for each symbol instead of being compared to a benchmark representing the batch of 5 symbols, but you can see the ranks visually and you can see the crosses as the ranks change.



-Bruce
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TC2000 Support Articles
0002ct
Posted : Monday, March 20, 2017 12:20:15 PM
Gold Customer Gold Customer

Joined: 11/19/2015
Posts: 273

Thanks, Bruce. Hope all's well. 
I'll try what you suggested to see what it looks like. Thanks.

Bruce_L
Posted : Monday, March 20, 2017 1:56:03 PM


Worden Trainer

Joined: 10/7/2004
Posts: 61,012

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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