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JamesR

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Posts: 216

Joined: 10/4/2008
Location: Gloucestershire, England, UK

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Subject : DSS & RS
Posted : 11/21/2013 9:41 AM
Post #29148

I have been revisiting DSS recently and got a bit confused over the use of the Relative Strength (RS) Ranking method.

From what I can tell, RS is simply the price of the stock divided by the price of the base symbol.

OK - but for a ranking method how does that work - if I rank descending, and use the same base symbol (e.g. the FTSE 100) then surely those stocks with the higher prices will always rank higher?

However, I note there are actually 4 potential parameters in the RS (Intellisense shows these when you type into formula builder) and those parameters are

Data, Period, Symbol, Unit

The following post explains some of this

http://www.omnitrader.com/currentclients/otforum/thread-view.asp?threadid=3848&forumid=43&MessageID=14765

But doesn't mention the fourth (DATA) parameter - what is that - or better still, is there a reference anywhere that lists all of these parameters and describes the indicators - the basic help and Intellisense list them but don't explain them.

Maybe then I could work out how RS can be used to rank different stocks in DSS!

Many thanks as always - holding off loading that OT 2014 until I sort this one out!!!!


Deleting message 29148 : DSS & RS


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