New Relative Strength Calculation
Ticker | RS | Diff | Momentum | 200 d | Total | IBD |
MDCA | 81 | 20 | 32 | 38 | 171 | |
FMFC | 69 | 22 | 27 | 42 | 160 | |
SNX | 79 | 9 | 28 | 41 | 157 | |
MGA | 59 | 5 | 23 | 50 | 137 | 91 |
AEL | 62 | 21 | 22 | 31 | 136 | |
ATX | 61 | 15 | 24 | 32 | 132 | |
QIHU | 68 | 1 | 24 | 37 | 130 | 99 |
BNCN | 60 | 4 | 26 | 38 | 128 | |
TYL | 49 | 5 | 24 | 50 | 128 | |
CKP | 66 | 12 | 20 | 27 | 125 | |
ANAT | 47 | 22 | 23 | 27 | 119 | |
ATK | 63 | -15 | 27 | 44 | 119 | |
STEL | 68 | 6 | 18 | 26 | 118 | |
FIBK | 57 | 17 | 19 | 24 | 117 | |
CBOE | 46 | -7 | 24 | 53 | 116 | 92 |
DPZ | 48 | -2 | 23 | 46 | 115 | 91 |
IBCA | 57 | -3 | 21 | 40 | 115 | |
HMN | 66 | 17 | 14 | 17 | 114 | |
HBI | 32 | 29 | 13 | 37 | 111 | |
KR | 47 | 9 | 19 | 34 | 109 | 88 |
RNST | 59 | 24 | 10 | 16 | 109 | |
YDKN | 73 | 13 | 22 | #N/A | 108 | |
FBRC | 48 | -8 | 18 | 49 | 107 | |
GB | 52 | 8 | 20 | 27 | 107 | |
LGND | 60 | 5 | 15 | 27 | 107 |
I made a unified relative strength spreadsheet incorporating the 3 price relative scans that I do. In the table above, the column labeled “RS” is the price relative score, “Diff” is the 1 week change in that score. “Momentum” is from the price relative breakouts sheet (column M), and “200 d” is from the long term strength spreadsheet that I do on the weekends. I simply totaled up the numbers to come up with a total relative strength score. The stocks above are the top 25. On the far right I tried to compare them with IBD relative strength ratings, but since IBD lists stocks by sector rather than alphabetically, it was a very tedious task to comb through the paper to find the ratings, so I gave up after about a half hour. The momentum column is the only one that changes on a daily basis, the other weekly. I am going to put up the spreadsheet at some point, possibly as an extra sheet on one of the other spreadsheets. This score is not an attempt to duplicate the IBD rating (I think the IBD rating is suspect anyway), but I do want some type of numerical gauge of relative strength, and I think this is on the right track.
Source: http://samuraitrader.blogspot.com/2013/07/new-relative-strength-calculation.html
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