ALHC, QQQ, TSLA & SMH - 4 different charts covering the daily price action YTD
4 different charts covering the daily price action YTD, each with two RS lines anchored to $SPDR S&P 500 ETF Trust(SPY)$ — but one of them adjusted for ATR%. Which looks more accurate to you: the top or the bottom? Keen to know you opinion. Can't do a poll with image on tweet.
I thought of this idea as well to increase the RS accuracy with incoporation of atr% of the security and the reference ($SPY for most case) in the RS line. eg. A 10% move in a 20% adr name should not actually have RS day if SPY is up 2% on 1% ADR.
$Alignment Healthcare, Inc.(ALHC)$ $Invesco QQQ(QQQ)$ $Tesla Motors(TSLA)$ $VanEck Semiconductor ETF(SMH)$
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