Relative Strength Rank Indicator

v10.3
Relative Strength Rank Indicator

This indicator is a ranking tool used to compare a group of stocks, ETFs or futures contracts to determine which specific instrument is performing best. The indicator creates a score based upon the symbols historical price movement. You can then compare this score to the other RS Rank scores of other stocks or ETFs in your basket of trading instruments. Thus, you can simply pick the instrument with the highest RS Rank score when creating a momentum based trading system.

The RS Rank is computed by taking the average of a long-term price change with a short term price change. This average is then divided by the 10-day Average True Range. This will produce a ranking score which can be compared to other instruments.

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. cavineet • 11 days ago #

    Hi Nicolas, I have been using pr real time extensively but just end of the day. I would appreciate some advice on automated system where system it buys on cross over of 8 and 20 and sell also accordingly. How to get started with that automated system?
    Can you suggested the possible steps? I have interactive broker account

    Thanks
    Vineet

    • Nicolas • 11 days ago #

      Please ask questions on forums. Not the place here and not related to that post:)

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