OmniTrader Forum OmniTrader Forum
forums calendars search
today this week
register logon control panel Forum Rules
You are currently browsing as a guest.
You should logon to access more features
A Self-Moderated Community - ALL MEMBERS, PLEASE READ!
Vote for Members who contribute the most to your trading, and help us moderate content within the Forums.

  Current location        Thread information  
OmniTrader Archives
OmniTrader 2015 Technical Support
Relative strength Indicator
Last Activity 12/22/2017 11:03 PM
1 replies, 465 viewings

Jump to page : 1
Now viewing page 1 [25 messages per page]
back reply
Printer friendly version

^ Top

Posts: 44

Joined: 6/16/2007
Location: Devon UK

User Profile
Subject : Relative strength Indicator
Posted : 9/14/2016 7:50 AM
Post #37336

My understanding is the calculation is simply the average price of the security divided by the average price of the base symbol over the defined number of periods.

I see that in the "settings" there is an option to set units as either "price" or "return". What is return?

Given that the calculation returns an absolute result it is of no value in comparing the indicator across securities to establish which securities are performing best in say a sector. Is there any way of returning a relative value for the indicator where 1 = tracking the base symbol - >1 means outperforming the base symbol and <1 means underperforming the base symbol?
^ Top

Posts: 233

Joined: 12/30/2003
Location: Kensington

User Profile
Subject : RE: Relative strength Indicator
Posted : 9/14/2016 8:07 AM
Post #37337 - In reply to #37336

Relative strength compares the price change of your symbol to a reference symbol over a lookback period. Above zero, doing better, below, doing worse. Pick your lookback.
Jump to page : 1
Now viewing page 1 [25 messages per page]
back reply

Legend    Action      Notification  
Forum Moderator
Registered User
Unregistered User
E-Mail this thread to a friend
Toggle e-mail notification

Nirvana Systems
For any problems or issues please contact our Webmaster at