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New Relative Strength Calculation

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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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