Stan Weinstein's system - Is it applicable today?

aarbee · 6 July 2011

Could someone explain to me what "RSC" stands for. I have some idea of the RSI indicator but am struggling with the RSC.

Cheers

joea · 6 July 2011

aarbee said:
Could someone explain to me what "RSC" stands for. I have some idea of the RSI indicator but am struggling with the RSC.

Cheers

I am quoting RSC from Achelis's Technical anlysis from A to Z.

It is called Relative Strength Comparative.in the above book.
It compares a security's price change with that of a "base" security.
Often the value of the ratio on the first day is subtracted from all days to "normalise" the indiicator so it begins at zero.
It is calculated by dividing one security price by a second security price(i.e the base security). The result of this division is the ratio, or relationship, between the two securities.
Cheers

aarbee · 6 July 2011

Thanks joea,

I found some literature on the subject too which is in line with what you have written.

Cheers

aarbee · 10 July 2011

pavilion103 said:
_SECTION_BEGIN("Stan Weinsetin RSC");
maPeriod = Param( "MA Period", 52 * 5, 0, 500, 1 );
rsSymbol = ParamStr( "Base Index Symbol", "!XAO" );

rs = RelStrength( rsSymbol );
rsMan = ( rs / MA( rs, maPeriod ) ) - 1;

dynColor = IIf( rsMan >= 0, colorLime, colorRed );
Plot( rsMan, "RS Mansfield", dynColor, styleArea );
_SECTION_END();

This is the code I obtained. I'm not sure how closely this aligns with what Weinstein would be using.

Does anyone see the value in this indicator using the MA? Is this much the same as just using a ratio of price?

This one seems to do what Stan Weinstein is talking about in the book. RS oscillates around the zero line depending upon the chosen securities performance compared to the Base symbol. I just changed the "52*5" to "30". I use the weekly chart and the indicator by default shows the 30 week RSC value.

Cheers

piggybank · 16 August 2013

Stan Weinstein's system - Is it applicable today?

aarbee

joea

aarbee

aarbee

piggybank

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