Price Relative / Relative Strength

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technical_indicators:price_relative [2019/06/24 19:39]
127.0.0.1 external edit
technical_indicators:price_relative [2019/09/10 21:19] (current)
betseyp [Using with SharpCharts]
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 </​code>​ </​code>​
  
-The Price Relative indicator is simply the base security divided by the comparative security. Typically, the underlying security is a stock and the benchmark is the S&P 500. For example, chartists can use the Price Relative to show the performance of Starbucks (SBUX) relative to the S&P 500 ($SPX). This would simply be the price of Starbucks divided by the S&P 500. Starbucks is part of the consumer discretionary sector. Chartists could also view the performance of Starbucks relative to the Consumer Discretionary SPDR (XLY) with the appropriate [[docs>data#​ratio_symbols_relative_strength|ratio symbol]] (SBUX:XLY). Chartists could also view sector performance relative to the S&P 500 (XLY:​$SPX).  ​+The Price Relative indicator is simply the base security divided by the comparative security. Typically, the underlying security is a stock and the benchmark is the S&P 500. For example, chartists can use the Price Relative to show the performance of Starbucks (SBUX) relative to the S&P 500 ($SPX). This would simply be the price of Starbucks divided by the S&P 500. Starbucks is part of the consumer discretionary sector. Chartists could also view the performance of Starbucks relative to the Consumer Discretionary SPDR (XLY) with the appropriate [[https://​support.stockcharts.com/​doku.php?​id=data#​ratio_symbols_relative_strength|ratio symbol]] (SBUX:XLY). Chartists could also view sector performance relative to the S&P 500 (XLY:​$SPX).  ​
  
-{{chart_school:​technical_indicators:​price_relative:​prel-1-sbuxsheet.png|Price Relative - Spreadsheet 1}}  ​+{{:​technical_indicators:​price_relative:​prel-1-sbuxsheet.png|Price Relative - Spreadsheet 1}}  ​
  
 {{:​technical_indicators:​price_relative:​cs-pricerelative.xls?​linkonly|Click here to download this spreadsheet example.}} {{:​technical_indicators:​price_relative:​cs-pricerelative.xls?​linkonly|Click here to download this spreadsheet example.}}
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 ===== Using with SharpCharts ===== ===== Using with SharpCharts =====
  
-The Price Relative is available in SharpCharts by using the "​Price"​ indicator with [[http://​stockcharts.com/docs/​doku.php?​id=data#​ratio_symbols_relative_strength|a "​Ratio"​ ticker symbol]] (e.g., "​IBM:​$SPX"​). First, select the "​Price"​ indicator. Second, in the parameter box, enter the symbol for the base security followed by a colon (":"​) and then the symbol for the comparative security. ​+The Price Relative is available in SharpCharts by using the "​Price"​ indicator with [[https://support.stockcharts.com/​doku.php?​id=data#​ratio_symbols_relative_strength|a "​Ratio"​ ticker symbol]] (e.g., "​IBM:​$SPX"​). First, select the "​Price"​ indicator. Second, in the parameter box, enter the symbol for the base security followed by a colon (":"​) and then the symbol for the comparative security. ​
  
 Note that you can also use the "​$SECTOR"​ and "​$INDUSTRY"​ pseudo-symbols inside a ratio symbol. We will automatically replace those symbols with the appropriate sector or industry ETF/​index. ​ For example, "​IBM:​$SECTOR"​ is the same as "​IBM:​XLK"​ inside of a SharpChart. Note that you can also use the "​$SECTOR"​ and "​$INDUSTRY"​ pseudo-symbols inside a ratio symbol. We will automatically replace those symbols with the appropriate sector or industry ETF/​index. ​ For example, "​IBM:​$SECTOR"​ is the same as "​IBM:​XLK"​ inside of a SharpChart.
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 {{:​technical_indicators:​price_relative:​prel-6-shch.png|Price Relative - SharpCharts}} ​ {{:​technical_indicators:​price_relative:​prel-6-shch.png|Price Relative - SharpCharts}} ​
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 ===== Further Study ===== ===== Further Study =====