Technical Analysis Software : Comparative Relative Strength
The Comparative Relative Strength index divides one price field by another price field. The base security is outperforming the other security when the Comparative RSI is trending upwards. Comparative Relative Strength compares two securities to show how the securities are performing relative to each other.
The Comparative Relative Strength index divides one price field by another price field. The base security is outperforming the other security when the Comparative RSI is trending upwards. Comparative Relative Strength compares two securities to show how the securities are performing relative to each other.
Comparative Relative Strength compares a security's price change with that of a "base" security. When the Comparative Relative Strength indicator is moving up, it shows that the security is performing better than the base security. When the indicator is moving sideways, it shows that both securities are performing the same (i.e., rising and falling by the same percentages). When the indicator is moving down, it shows that the security is performing worse than the base security.
Comparative Relative Strength is often used to compare a security's performance with a market index. It is also useful in developing spreads .
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