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Strategies & Market Trends : TA-Quotes Plus

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To: Ken Adams who wrote (9552)	5/24/1999 9:01:00 PM
From: Bob Jagow	Read Replies (1) of 11149

Ken, Help QRS gives what follows. Should be QRS(DayNum) :-( --------- Relative Strength( DayNum ) Returns the relative strength for the selected date. The Quotes Plus Relative Strength is calculated by comparing the performance of each issue for the past 4 quarters to the performance of every other issue in the database over the same time. The most recent quarter is given twice the weight of the previous 3 quarters. The relative strength value ranges from 0 to 99. A value of 99 means that the issue has performed better than 99% of the other issues in the database. DayNum must be <= 0. Example: If Relative Strength( 0 )> Relative Strength( -7) and Relative Strength( -7 ) > Relative Strength( -14 ) then Println Symbol; endif; This scan finds issues for which the relative strength value has been rising for two weeks..

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