Attached is the US Sub Sectors ordered by the weekly percentage change. To see the full list sectioned by major sector, with links through to individual stocks in each sector, go to: http://stockcharts.com/freecharts/indust...ECTOR_SPDR
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
(2014-01-02, 12:31 PM)isatrader Wrote: The Relative Performance Zero Line (52 week moving average of the stock divided by the S&P 500) is a useful guide as to whether a Stage 2A breakout will be successful or not. The Mansfield RS flattened the zero line, but by viewing the unflattened MA you can get additional vital information as to whether it's too early for a stock to breakout or not successfully. As I've noticed through the hundreds of charts I look at daily that if the zero line is still declining sharply when the Stage 2A breakout occurs, that the stock will struggle to advance. It doesn't mean that it won't advance, but that the most successful Stage 2A breakouts occur when the zero line is either flattening or already moving higher.
Hi Isatrader,
when you say the Relative Performance Zero Line, is what I have set up as an indicator below correct to how you have it?
I am using a daily chart below, so does this Relative Performance Zero Line still apply?
(also I am using the Continuous commodity instead of S&P here as my securities in this instance are commodity based ETFs.
(2014-01-17, 12:02 AM)Tryst Wrote: when you say the Relative Performance Zero Line, is what I have set up as an indicator below correct to how you have it?
I am using a daily chart below, so does this Relative Performance Zero Line still apply?
(also I am using the Continuous commodity instead of S&P here as my securities in this instance are commodity based ETFs.
No, you've used the same indicator that I use for the unflattened version, and tried to style it as the flattened Mansfield RS. Also, if it's a daily chart then the moving average to use is the 200 day MA. It's the weekly chart that uses the 52 week MA as the zero line. So you need to adjust that on your daily chart.
So from looking at your screen shot, delete the bottom two rows in the settings that have the horizontal line in the title and then you'll just be left with the following:
If however, you want the Mansfield RS with the flattened zero line then you need to select that indicator instead of the Relative Strength (Comparison) which is used for the unflattened version. As remember the "zero line" refers to the moving average in the Relative Strength (Comparison) indicator.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
(2014-01-17, 12:52 AM)Tryst Wrote: Thanks, Isatrader.
The indicator now looks like the below. Is the MA supposed to look that rigid? It just seems like a straight line angled upwards.
Yes, on a daily chart it will look quite rigid as it's a 200 day moving average, and so if the stock has been outperforming for a long time, like the one you've got in your screen shot then it will be rising.
You're also using a very wide daily chart in that example. So I'd suggest putting your daily chart next to your weekly chart and linking the charts using the link icon at the bottom left of the chart window, and then setting up the weekly relative performance as well with the 52 week setting on the MA. As then each time you change stock both charts will change to the next stock at the same time.
See attached my basic chart setup with the weekly and daily side by side
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.