Many traders are familiar with Wilder’s Relative Strength Index (RSI), which measures how strong a stock is compared to ITSELF over a certain number of bars.
What we want is to rather measure the Relative Strength of a stock to the MARKET because that’s what indicates that market participants are accumulating the stock.
High values of Relative Strength can easily yield over bought candidates that have made their move. The measurement needs to be taken to a new level to yield a consistently profitable trading tool.
The RocketTrade Method is based on proprietary Indicators and scans that do exactly that. These unique assets provided with Rocket Trader are the basis for the success of the RocketTrade Method.