❓ How to Use the 💪 RSC Indicator ⚖️ - A Simple Tutorial 🧑🏫
Comprehensive Analysis of the 💪 RSC (Relative Strength Comparative) Indicator ⚖️ as used by the best Dow Theorists.
by Alan Collins
1) Robert Rhea and the 💪 RSC (Relative Strength Comparison) ⚖️
It appears that RSC was developed by Robert Rhea, who wrote about it in an article in Barrons (1933) [1].RSC was subsequently used by Gartley (1930s) [2], Richard Wyckoff (1930s), George Chestnutt (1960s), Edwin Coppock (1960s), Robert Levy (1967) [3] and James O'Shaughnessy (1997).
2) Arthur Merrill
Later, the noted market technician Arthur Merrill included it in his list of favourite indicators. As he observes: "I compare current price with a regression of price vs. price of the Standard & Poor's 500 index." [4]📝 References 📃
📘 Bibliography 📗
Gartley, H. M. 'Relative Velocity Statistics: Their Application in Portfolio Analysis'. Analysts Journal, Volume 1, No. 2 (April 1945): 60-64. | |
Levy, Robert A. 'Relative Strength as a Criterion for Investment Selection'. Journal of Finance, Volume 22, No. 4 (December 1967): 595-610. | |
Merrill, Arthur A. 'Stock Selection'. Technical Analysis of Stocks and Commodities, Volume 10, Issue 6 (Jun. 1992): 239-242. | |
Rhea, Robert. 'Stock Habits: A Simple Method to Follow Issues that Fluctuate More Widely than the Averages'. Barron's (8 May 1933). |