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zdmre
29 Th07 2022 07:06

Stock Strength Index by zdmre 

NASDAQ:DMLP1D
Dorchester Minerals, L.P.NASDAQ

Mô tả

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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

Phát hành các Ghi chú

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Symbols in the table can be hidden.
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Project_Money_Heist
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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
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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
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@zdmre, Thank You!
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