❓ 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) .
RSC was subsequently used by Gartley (1930s) , Richard Wyckoff (1930s), George Chestnutt (1960s), Edwin Coppock (1960s), Robert Levy (1967)  and James O'Shaughnessy (1997).
2) Arthur MerrillLater, 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." 
📝 References 📃
- ^ Rhea, Stock Habits.
- ^ Gartley, Relative Velocity.
- ^ Levy, Relative Strength.
- ^ Merrill, Stock Selection, p.241.
📘 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).|