Ranking Relative Strength

Optuma Forums Optuma Scripting Ranking Relative Strength


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  • #59997
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    I found a post from blog explaining how to rank some indicador together like moving average with ROC and etc.
    But i would like script a rank only with a stock or sectors relative to benchmark. Does anyone can help me how do i start it?
    It is just RS Rank relative to benchmark.

    I know that i should use “RIC” scripting formula, right? But how i rank that?

    Thank you.

    • Topics: 66
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    • Posts: 746

    Hi Rafi,

    You can use the RIC function in a watchlist, set from a certain date or period (eg Year-to-Date) which would show the relative performance to eg the Ibovespa index. Here’s the relative performance since the index high on January 23rd:

    (It’s been divided by 100 to display as a % in the watchlist.)

    Weg has out-performed the index by 97% since January 23rd:


    This may also be useful for scanning new RIC highs:


    • Topics: 65
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    • Posts: 120

    Hii Sir,

    Can RIC be used in rebalance type backtesting. I mean to say when we create year to date RIC does it will get adjusted in back date. Because when we do it in training mode it dosent adjust.


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