Further to my request for the Relative Strength Comparison to be developed into a straight forward Indicator to be used in our every day work.....I notice that the Weinstein Triple Confirmation Pattern ( mentioned above) does NOT appear to be following Stan Weinstein's recommendations ie using the method of the Relative Strength Comparison. Clearly, it appears that the old standard RSI ( Relative Strength Index) is being used in this scan. This is NOT what Stan Weinstein recommends using.

Again. I ask for support in developing this "Relatively" simple Indicator so that we can then develop our own scans in the way intended by the author.

I guess I am looking for a response from Peter who is so helpful in achieving so much for our growing band of members.

Rhubarb......

BullCharts (BC) makes a feature of several Authors :- Guppy ; Hull and one of my all time favourites Stan Weinstein.

BC also includes a Scan for Stan's Triple Confirmation Pattern ( see full description in his book starting at page 148). There is also an ability within BC to insert an Index onto a chart to do a "Relative Strength Comparison)

HOWEVER, I find difficulty in interpreting this latter method as opposed to Stan's suggested method ( page 108 in his book).

The method used by Stan was quite simple - divide the price of the stock by the selected price of the market average ( S&P Composite was used in his world ). Further, Stan also suggested a "weekly" calculation was more than sufficient. What was used was a "0" line drawn on/in the separate pane and then the interpretation was easy - if the line was rising strongly over the zero line it was a positive indication - the reverse if falling under the line.

Would it be possible/feasible for this simple method to be developed into a stand alone indicator - where the user simply chooses his particular index ( eg XAO) and then this feature is available on every chart - just like all of our other indicators.

This would be a really helpful feature for all of our BC traders.

PS - notice that I refer to "RelativeComparative Strength" as against the term "Relative Strength Comparison" - I think the former is somewhat better because it gets it away from the confusing Relative Strength Index....which it ain't

Rhubarb........