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Relative Strength Comparison - Finding the strongest Shares/Sector relative to a Index
Rank: Member
Groups: Registered, Registered Users, Unverified Users Joined: 6/12/2012(UTC) Posts: 19 Location: South Africa - JHB
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I have been trying to work out which formula is the best to work out the best performing share or sector compared to an index using the explorer.
I know many posts have come up on this subject but some of the have made me more confused as I am just starting I don't want to buy Jose Silva's (URSC) either.
I have found 3 formulas but not sure which one to use.
Option 1
x:= Security("Field to Security",C);
y:= 1;
z:= 52;
R:= C/x;
base:= Sum(R,z)/z;
mf:= ((Ref(R,-y)/base)-1)*10;
mf
Option 2
ROC(Mov((C/P),52,S),1,%)
Option 3
Div(CLOSE,P)
Each of them have given me different results and I want to know which one is most reliable to use?
Should they be programmed in any other way?
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Rank: Member
Groups: Registered, Registered Users, Subscribers Joined: 8/4/2012(UTC) Posts: 22
Thanks: 1 times
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Meta-formula.com also have a formula on RSC.
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Relative Strength Comparison - Finding the strongest Shares/Sector relative to a Index
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