Stock Charts For Dummies by Greg Schnell & Lita Epstein MBA

Author:Greg Schnell & Lita Epstein MBA
Language: eng
Format: epub
ISBN: 9781119434443
Publisher: Wiley
Published: 2018-02-06T00:00:00+00:00

Chapter 12

Making Sense of Relative Strength Indicators

IN THIS CHAPTER

Comparing stocks to the S&P 500

Measuring stocks relative to their sectors and industries

Introducing the SCTR tool

Using performance and RRG charts

Technical analysis (TA) has changed over the years, and one of the changes is what relative strength means. The indicators in this chapter are completely different from the relative strength index (RSI) indicator in Chapter 11 because of these changes in terminology:

The RSI indicator in Chapter 11 compares current period closing prices to previous prices within a stock over the last 14 periods as a default.

New indicators today known as relative strength indicators analyze how strong a stock is compared to other stocks.

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