Build a Relative Strength Matrix for stocks
Stocks
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The RS Matrix, or relative strength matrix, ranks a group of stocks by how strong each one is against all the others.
Steps:
1. Pick the stocks you want to compare. Click Add to bring in more than two.
2. Now click Build RS Matrix.
3. Each cell compares one stock against another, and shows whether it's on a buy signal. The stock with the most buy signals ranks first, so it's the strongest of the group.
A quick way to shortlist the strongest, before you look deeper.
Steps:
1. Pick the stocks you want to compare. Click Add to bring in more than two.
2. Now click Build RS Matrix.
3. Each cell compares one stock against another, and shows whether it's on a buy signal. The stock with the most buy signals ranks first, so it's the strongest of the group.
A quick way to shortlist the strongest, before you look deeper.