Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 12/30/2005(UTC) Posts: 120
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Referring to following linked articles, I would like to code investment's rate
of change in Metastock,
Does anyone have any suggestions on how to code it?
Thanks in advance for any suggestions :>
There is more than one way to calculate an investment's relative
strength. One method is to rank all investments within the same
investment universe and purchase the top performers. Another is to take
the six-month rate of change in an investment's price and divide it by
the six-month rate of change in a relevant index. The investment's rate
of change is divided by the benchmark's rate of change to get a relative
strength value. If the value is greater than one, the investment is
relatively strong; if the value is less than one, the investment is
relatively weak.
http://www.investopedia.com/terms/r/relativestrength.asp
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users Joined: 10/28/2004(UTC) Posts: 3,111 Location: Perth, Western Australia
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