Where can I find the value of "relative strength" of a stock?

Quote from easyguru:

If you are looking for Relative strength ranking as popularized by IBD then the formula is

0.4 * (C * 100 / C65) + 0.2 * (C * 100 / C130) + 0.2 * (C * 100 / C195) + 0.2 * (C * 100 / C260)

Where c= current price.


Once you get the value you can rank stocks to find the top ranking.
It is basically a weighted average of 13, 26 and 52 week price change.

The objective of such ranking is to compare how a stock, industry or sector is trading, over a period of time, when compared against other stocks, industries or sectors or indexes.
So 99 ranking means the stock is outperforming 99% of the stocks in given universe.
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If I trade only 99% Ralative Strength stocks, can I have a higher percentage of winning? :D
 
Yes. You will have higher percentage of gain. Unfortunately, you can only use paper trading for the 99% and 1% for real trading. Why? Because the 99% is known values so it must have something to do with paper, and the 1% is uncertainty and it has something to do with money.:D

Quote from WmWaster:

If I trade only 99% Ralative Strength stocks, can I have a higher percentage of winning? :D
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Quote from sweepthebook:

what is the formula to compare a security to another security, and not itself?
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The Stocktables.com web site lists securities by 'RS Rank' using a percentile basis. You can sort for the top ranked stocks by RS as compared to each other.

- Spydertrader
 
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