Anyone have a clue how to calculate the JdK RS-Ratio?
Let's say I want to compare the Relative strength for these:
EWA iShares MSCI Australia Index Fund
EWC iShares MSCI Canada Index Fund
EWD iShares MSCI Sweden Index Fund
EWG iShares MSCI Germany Index Fund
EWH iShares MSCI Hong Kong Index Fund
EWI iShares MSCI Italy Index Fund
EWJ iShares MSCI Japan Index Fund
EWK iShares MSCI Belgium Index Fund
EWL iShares MSCI Switzerland Index Fund
EWM iShares MSCI Malaysia Index Fund
EWN iShares MSCI Netherlands Index Fund
EWO iShares MSCI Austria Index Fund
EWP iShares MSCI Spain Index Fund
EWQ iShares MSCI France Index Fund
EWS iShares MSCI Singapore Index Fund
EWU iShares MSCI United Kingdom Index Fund
EWW iShares MSCI Mexico Index Fund
EWT iShares MSCI Taiwan Index Fund
EWY iShares MSCI South Korea Index Fund
EWZ iShares MSCI Brazil Index Fund
EZA iShares MSCI South Africa Index Fund
Each of them should be compared to the SP500 (SPY index). Calculate the relative strength of each of them to SPY and have it normalized (I think it is the only solution)
More info on the concept. http://www.mta.org/eweb/docs/pdfs/11symp-dekempanaer.pdf