- Topics: 70
- Replies: 829
- Posts: 899
The distance between each data point on an RRG tail is measured by the velocity – JDKRS().Velocity – so to calculate the tail length you can add them together using the Accumulation function ACC() over the required time period. The longer the tail the more momentum in the relative trend.
For a 5 period tail you would use the following using the default benchmark index (ie XJO for ASX, SPX for US stocks):
ACC(V1, RANGE=Look Back Period, BARS=5)
In this example, the Dow 30 have been ranked by tail length, with the longest 3 (INTC, CVX & JPM) plotted on the RRG with the shortest 3 (HD, WMT & IBM with lowest momentum).
- This reply was modified 4 years ago by Darren.