Comparative Relative Strength

tacharts · Fri, 07 May 2021 19:46:51 +0000

With this indicator, there is an option to “reference zero” that can be checked. What exactly does the 0 line represent? In the Mansfield relative strength indicator, the zero line represents a moving average, thus moving above and below tells us if the relative strength line is above/below its moving avg. With the comparative relative strength, cant tell what the zero line represents (is it the underlying stock, index, etc being compared to?)

This topic has 1 reply, 2 voices, and was last updated 2 years ago by Nicolas.

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05/07/2021 at 8:46 PM #169065

tacharts

With this indicator, there is an option to “reference zero” that can be checked. What exactly does the 0 line represent?

In the Mansfield relative strength indicator, the zero line represents a moving average, thus moving above and below

tells us if the relative strength line is above/below its moving avg. With the comparative relative strength, cant tell

what the zero line represents (is it the underlying stock, index, etc being compared to?)

tacharts
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05/09/2021 at 5:43 PM #169200

Nicolas

I’m checking this and will let you know once I have an answer about that “reference 0”.

Nicolas
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