about 50 data points minimum, so more than 50 days of data for a daily RRG. The first chart uses a weekly timeframe and both indicators are below 100, which indicates a downtrend in relative performance and negative momentum. Keep in mind that the values for RS-Ratio can be compared when using the same benchmark security. You are here: ChartSchool technical Indicators and Overlays rRG Relative Strength, table of Contents, rRG Relative Strength is an indicator pair designed to measure relative performance and the momentum of relative performance. Its companion, JdK RS-Momentum measures the momentum of RS-Ratio, which means it measures the momentum of relative performance. The chart below shows the Consumer Discretionary spdr (XLY) with another example.
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The upturn in RS-Momentum shows a decrease in negative momentum on the weekly timeframe, and this is reflected on the daily chart bitcoin cash netzwerk performance where RS-Ratio and RS-Momentum moved above 100. Conversely, RS-Momentum crosses below 100 when RS-Ratio is forming a peak and starting to move down. Acceleration bands are set as an envelope around a 20 period simple moving average on equal distance from. They are grouped together as RRG Relative Strength in the indicator dropdown list. Notice on the chart above how the price relative (XLK:SPX ratio) peaked in early August, but RS-Ratio did not cross below 100 until mid-October. This daily chart captures a smaller trend than the weekly chart. Then position is kept till the first close back inside the Bands. The further below 100, the more relative weakness. First, all four have RS-Ratios above 100 and this means all four show relative strength (against the S P 500). RS-Ratio bottomed as RS-Momentum moved above 100, but did not cross above 100 until the end of May.
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