The Relative Strength Line Indicator | Two Minute Trading Tutorial

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The Relative Strength Line Indicator shows how a stock is performing versus the rest of the market. It is calculated by finding the ratio between the stocks price and the price of the SPX. As a stock moves up the right side of a base we want the RS line to be in a strong uptrend and on the breakout it should be leading or matching price.

In this video Richard discusses how to use the RS Line and the Green Dot and Pink Dot indicators which identify when it is making a new high and the relative strength new high before price (RSNHBP) characteristic,

Enjoy!

- The TL Team
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