RRG Tail Length

#47791
Darren
Darren
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RRG Tail Length

The distance between each data point on an RRG tail is measured by the velocity – JDKRS(DEFAULT=Velocity) – so to calculate the tail length you can add them together. The longer the tail the more momentum in the relative trend.

For a 5 period tail you would use the following, with the [1] being the offset for the previous data point, [2] two days ago, etc.

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).
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  • This reply was modified 2 weeks, 4 days ago by Darren Darren.

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