We usually read at
http://finance.yahoo.com/mrd or
http://finance.yahoo.com/mru
or elsewhere
that stock XXXX outperforms or underperforms the market.
Siligardos method [http://www.traders.com/Documentation/FEEDbk_docs/Abstracts_new/Siligardos/siligardos.html]
may give a simple visual criterion to have our own estimate.
If we take Value=RSI() *we will have a RErsi identical to close graph for each stock.
If we replace it with Value=MeanRSI, ie the average RSI() of the market, we may easily compare how the stock performs the market.
The red graph is the virtual Close, if the stock was aligned with the market.
The stock outperforms the market when the black line is higher than the red and underperforms the market when the black line is below.
Dimitris Tsokakis
PS: *Tomasz Janeczko formula at
http://www.traders.com/Documentation/FEEDbk_docs/TradersTips/TradersTips.html#amibroker2
was modified to create the attached amibroker chart
For more details see
http://groups.yahoo.com/group/amibroker/message/41412
http://finance.yahoo.com/mrd or
http://finance.yahoo.com/mru
or elsewhere
that stock XXXX outperforms or underperforms the market.
Siligardos method [http://www.traders.com/Documentation/FEEDbk_docs/Abstracts_new/Siligardos/siligardos.html]
may give a simple visual criterion to have our own estimate.
If we take Value=RSI() *we will have a RErsi identical to close graph for each stock.
If we replace it with Value=MeanRSI, ie the average RSI() of the market, we may easily compare how the stock performs the market.
The red graph is the virtual Close, if the stock was aligned with the market.
The stock outperforms the market when the black line is higher than the red and underperforms the market when the black line is below.
Dimitris Tsokakis
PS: *Tomasz Janeczko formula at
http://www.traders.com/Documentation/FEEDbk_docs/TradersTips/TradersTips.html#amibroker2
was modified to create the attached amibroker chart
For more details see
http://groups.yahoo.com/group/amibroker/message/41412