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NeilW  
#1 Posted : Saturday, November 10, 2012 3:29:56 AM(UTC)
NeilW

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Could someone please explain the difference between Relative Strength Indicator and Relative Strength Comparitive Indicator- what is each used for ? As I see it both are used to compare the relative strength of one stock against another. But readings are completely different.
wabbit  
#2 Posted : Saturday, November 10, 2012 4:48:44 PM(UTC)
wabbit

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RSI is a misnomer as the only input is a single security's data, so there is no indexing versus another security; RSI is similar to the (also mis-named) stochastic function. RSC requires two security data inputs and indexes them. wabbit [:D]
NeilW  
#3 Posted : Sunday, November 11, 2012 8:51:53 AM(UTC)
NeilW

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Sorry - not RSI - RS vs RSC whats the difference? I see the graphs are exactly the same - the numbers are different.Why?
John S  
#4 Posted : Monday, November 12, 2012 3:01:35 PM(UTC)
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MetaStock has 3 similar ways to relate one security with another: 1. Relative Strength Comparitive indicator 2. Relative Performance indicator 3. Composite (File>New>Composite Instrument in 12.0) 1 and 2 are essentially identical except for the starting value. #3 is the most flexible since you can control the operator that relates them. You can search the MetaStock Help for more details on each of these.
NeilW  
#5 Posted : Tuesday, November 13, 2012 12:29:24 AM(UTC)
NeilW

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Many thanks
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