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DIY Relative Strength

Released on Thursday, October 29, 2020•STRATEGIES

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Relative strength has historically required processing large amounts of data to determine which stocks to buy and which to avoid. That means individuals must either pay for expensive subscription services to access the indicator or ignore the tool used by many investment professionals. A little-noticed academic paper explains what causes relative strength and offers a key insight that allows for a formula that makes this strategy accessible to anyone with a spreadsheet. The formula, trading examples, and back-tested results will be shared in Michael Carrs presentation.

Michael Carr

One Trade, Peak Velocity Trader, & Precision Profits, Editor

Michael Carr, CMT, CFTe, is the editor of One Trade, Peak Velocity Trader, and Precision Profits at Banyan Hill. He is a longtime member of the Chartered Market Technicians Association, where he served as the editor of its newsletter, Technically Speaking. He is also a contributor to various publications related to trading. Mr. Carr is the author of two books, most recently Conquering the Divide: How to Use Economic Indicators to Catch Stock Market Trends (2010). He also teaches the Fundamentals of Technical Analysis and Quantitative Technical Analysis courses at the New York Institute of Finance.