Stock Strength Index by zdmre

Dorchester Minerals, L.P.NASDAQ

描述

⋅ 2022年7月29日早上7點06分

The basic idea behind indicators is "to buy the strong one and to sell the weak one". This indicator yield entry and exit signals for stock trading.

You can view the STRENGTH INDEX for the symbol you want in this indicator.

Formula

(X - ((RMA(t-1) * (n-1)) + X(t)) / n) / X * 100

n = The length of the Moving Average (defval = 200)
X = Price
t = Timeframe

#DYOR

發布通知

⋅ 2022年8月2日早上6點49分

Symbols in the table can be hidden.

評論

Project_Money_Heist

⋅ 2023年3月23日晚上10點12分

Hi, I don't fully understand. So stock that is on top of others, marked by line ,is the strongest? And bottom line stock is the weakest, with no buy signal ? And what means numbers in a table, Day Column with the highest green number is a strongest stock ready to buy ? Best Regards

zdmre

⋅ 2023年3月24日早上5點23分

No, "Day" column shows the comparison of that index with the previous day. So, if the index value was -5 on the previous day and it is 3 today, the daily column will show 8.

Actually, the area marked by line corresponds to the 200-day moving average (MA) line. This indicator shows the relationship with the 200MA.

Project_Money_Heist

⋅ 2023年3月24日下午2點04分

@zdmre, Thank You!