[Haugaard]

Hi Does the RS line and zero line have meaning on the daily chart? Let's say the RS line is above the zero on the daily but not on weekly. Example EURN and DHT. On the weekly they're both above their 30WMA. Thanks

To my knowledge, the RS line is on the weekly and daily chart are interchangeable. The zero line is a 52w MA on the weekly while 252d MA on the daily. The purpose of the RS line is to show an assets performance vs the SPX, over the past year. Therefore, it should not matter, whether or not you look at a daily or weekly chart. The zero line is at the place of equilibrium between the two.