relative price strength not RSI


  1. price vs index if goes up - means stock strong
  2. index vs price is often shown -
    1. if rising means index is strong and share is weak 
    2. falling index vs price means share  is strong 
  3. https://www.traderji.com/community/threads/free-relative-strength-not-rsi-screener.101103/ 
  4. What I do is screen the stocks according to different criteria (in short identifying those in uptrend/reversal), then select only those that have the highest relative strength, 
    1. then further 'analyze' them with regards to MACD, volume and BB. 
    2. Finally I cut out those stocks if there are very tall candles over the past 2-4 trading session (i.e >15% climb in one day) to 
  5. try and come up with 4-5 stocks every week (usually) and committing max of 8k per trade/50k per week. I am not saying that each and every stock makes money but according to what I tested, 
    1. I found that majority of the stocks (i.e 6-7 out of every 10) are able to reach 8-10% quickly, around 3-4 stocks will rise by 16-20% and around 2 will rise over 30% (these are rough estimates mind...
    2. I was backtesting them for my own satisfaction so I didn't really tabulate them...and again this won't work if the market crashes with all stocks losing out)
  6. If you check out the screener at marketinout, you will find a section listed 'relative strength' and you can use it to 
    1. find the outperformers with respect to 
      1. different time frames 
        1. (one week, 
        2. two week, 
        3. 1/3/6 month and 
        4. one year). 
    2. The problem here is that it is not an indicator because if it was one, then I think almost all of the screeners would have it..(and I don't want relative strength indicator as I have tested relative strength and not RSI)


relative price strength
video can slim  

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