• Builds an indicator based on multiple tickers of your database.

• Displays the relative strength for each sector and industry.
• Enables you to know the trend of the sector and industry hence increases your chances of a successful trade.
• This indicator does not work in realtime because it requires scanning your entire database or watschlist.

 

  

Run the file "composite update" in order to update the indicator. The parameter window of the composite file includes a input field for the Relative strength symbol, default is ^GSPC. Based on your data source and analysis strategy it could be necessary to change it.