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Registered User
Joined: 4/11/2008
Posts: 56
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What relative streng studies or indicator from withing StockFinder and Telechart should I use when comparing to the relative strength data given by IBD?
For example, while IBD shows a stock RS is 98, but on the same stock, Sotckfinder shows 71.
So for RS, in both, Stockfinder and Telechart, is there any RS that can give me some results like that?
There are RSI, but what about RS?
Thaks.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I have no personal knowledge of how IBD does their calculations and you didn't mention the symbol in question where IBD shows a 98, but based on previous questions about IBD's RS where other questioners did provide their understanding of how it is calculated, the following Personal Criteria Formula with the Watchlist Column set to Market Rank might give something close to the desired results:
20 * (2 * C / C63 + C / C126 + C / C189 + C / C252 - 5)
How to create a Personal Criteria Forumula (PCF)
Customize the Information Displayed in the WatchList
Create your own stock rankings using WatchLists and Sort conditions
It's possible to do something similar in StockFinder, but it would probably not be as quick to do so.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 4/11/2008
Posts: 56
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Hi Bruce;
Thanks for your answer.
The symbol was ENTG.
I am trying to get a good RS measurement in both of my Worden software, so I can use the RS along with other indicators. I will try the PCF, and see how it comes out.
Once again, thank you very much.
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Registered User
Joined: 4/11/2008
Posts: 56
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I did also watched the video, and selected an RSI already made, but same results as before. So the other company is using their own way to calculate things such as RS.
I thought it was a standard.
Well, as long as the TC is ok, then I will use it.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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As far as I know, IBD originated Ranked Weighted Quarters as a measure of "Relative Strength". It is not what is normally used as a Relative Strength Indicator. It should probably be noted that Relative Strength (RS) and Wilder's Relative Strength Index (RSI) are not the same thing.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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