Support Board
Date/Time: Sat, 18 Jan 2025 19:39:21 +0000
Post From: Relative / comparative strength chart and matrix
| [2018-02-24 01:14:44] |
| Acro - Posts: 441 |
|
Expanding on tomglib's answer to the part of your question on comparative strength say relative to the S&P 500 index chart, I'd suggest the following: 1. Follow Tomglib's advice to use percent change since close on each of the stocks you want 2. This means eg setting up individual charts for say 10 stocks you might be really interested in at the moment as well as another chart for the S&P 500 index 3. On the S&P 500 index chart add the same type of study - percent change since close and make that the main graph 4. Use study overalys to bring the percent change since close for each of your 10 stocks across to this chart but have each of those hidden so they don't appear on the main chart 5. Add 10 instances of study subgraph divide/ratio to the main chart and for each instance do the following: divide the percentchangefrom close for Stock A by the percent change from close of S&P500. 6. Make sure you use distinct colours 7. Use the watchlist feature and watchlist integrated into a control bar to quickly change stocks so you can go through many stocks Since 11 lines on a chart can be rather busy I'd suggest doing this with five instead and use the power of the watchlist to get you through your big list of stocks PS as a postscript you might want to look into the study summary window feature that Sierra have released as well since this can give you a tabular comparison of strength using the above now that you have created all those charts Date Time Of Last Edit: 2018-02-24 01:17:02
|