Description
Relative Strength compares the price movement of a stock with an index, a sector or another stock to indicate their correlation. It is derived by dividing one security's price by another ("base") security's price. The result of this division is the ratio or relationship between the two securities.
Input Parameters
| Parameter | Description |
|---|---|
correlation with security
|
The security to calculate the correlation with. |
Plots
| Plot | Description |
|---|---|
RS
|
The Relative Strength line. |
SRatio
|
Horizontal line showing the initial level of RS. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.