| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 2/21/2005
Posts: 24
|
Is there a way to Easyscan for closing price crossing above or below a comparison symbol line such as the SP-500? Thanks!
James
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
If price crosses a comparison symbol it is meaningless. Price and a comparison symbol are plotted on their own scales.
If you change the zoom of your chart you will see how the two relate to each other changes.
If you want to look for a relationship between one symbol and another with technical significance you should use a relative strength line.
- Craig
Here to Help!
|
|
Registered User
Joined: 2/21/2005
Posts: 24
|
Craig,
I just reviewed the video on this subject and your comments and it helped me understand intellectually how it works. It is sure going to take some practice to "ignore" the "apparent relationship" between the lines and price, i.e. appearing as crossovers, etc. As always, thanks for your help.
James
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
My pleasure.
For others reading this thread, here is a video to watch:
Use Comparison and Relative Strength graphs to compare a stock to the rest of its industry group
- Craig
Here to Help!
|
|
|
Guest-1 |