RIC function

Optuma Forums Optuma Scripting RIC function

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  • This topic has 2 replies, 2 voices, and was last updated 1 month ago by Marc.
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  • #64111
    Marc
    • Topics: 9
    • Replies: 19
    • Posts: 28

    Hi guys,

    I am trying to compare stocks with the index’s strength but the results are not always consistent. Pls what am I missing here?

    var1= RIC(DATESEL=Last Quarter, ZEROBASED=True, INDEX=HSI:WI);
    var1 > 0

    Thanks!
    Marc

    #64121
    Darren
    • Topics: 66
    • Replies: 617
    • Posts: 683

    Hi Marc,

    Make sure that the RIC tool on the chart is set to Last Quarter to match the scan criteria.

    Another way to compare relative strength is to use RIC in a watchlist column. This shows CITIC outperforming $HSI by 48.56% over the last quarter, vs 6.15% for China Mobile:

    Capture

    1 user thanked author for this post.
    #64123
    Marc
    • Topics: 9
    • Replies: 19
    • Posts: 28

    Awesome, thanks Darren,

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