I have been using www.stockcharts.com to chart relative strength of a stock compared with $SPX. Is there any service that let you see relative strength of more than one stock against an index at once?
Comparative relative strength
- Thread starter just21
- Start date
You can do that with stockcharts. Select the "PerfChart" at the bottom... add symbols separated with commas.
I have different approach, easier for me. I look at relative strength during my EOW scans, and refer to daily chart. After other analysis I arrive at my E,S,T's and focus on those stocks for the week. For me personally, I find this method much simpler and less distractive. Happy trading!
There are a couple of systems in this space that enable you to create your own customized index and use it as a filter in addition to the native tickers filter. For example, if you are trading forex and you want to create a "MyFXIndex" comprised of (EURusd+EURJPY+someexoticpair)/3. Once created, you can then create backtests to test your trading thesis against "MyFxIndex" and other filters. So your buy trigger might be: Buy if MyFXINdex> 50 and crossed 50 day Mvg Avg....... My system Amibroker can do that and so can SierraCharts, TradeStation. PM me if you need more deets.