RE: [CANSLIM] How to compute the relative strength?

From: "Mike Gibbons" <mikegibbons@proactech.com>
Subject: RE: [CANSLIM] How to compute the relative strength?
Date: Thu, 19 Sep 2002 14:26:41 -1000

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It depends on if you want the relative strength index (against the S&P 500)
or the  Relative Strength Ranking (against all other stocks in IBD's
database).

You will not be able to duplicate the RS ranking exactly (I've tried)
because you won't be able to match their stocks exactly. But you should be
able to calculate the RS index which is described here
http://www.equis.com/Education/TAAZ/?page=100.

Good luck.

Aloha,

Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com


- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Quan Tran
Sent: Thursday, September 19, 2002 2:05 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] How to compute the relative strength?


Hi all,

Sorry if this question has been asked before.  I am using QP, and
I know that it computes RS differently than IBD.  Does anyone know
how IBD compute RS?  The reason for this question is that I'd like
to use IBD calculation as a filter in my QP scan.

- -Quan
quan@sbcglobal.net

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