SCTR vrs SMA
JJJJ
✭
in SharpCharts
I have run across a few charts that the SCTR is above 90 , however, the 20 SMA is tanking. An example is HFC.(SCTR is 95.8)
I don't understand the disconnect between the two. Would think that they would be more in sync.
I don't understand the disconnect between the two. Would think that they would be more in sync.
0
Comments
-
Here's a link to how the SCTR is calculated. It uses weighted data from long, medium and short time frames, with long and medium time frames weighted more heavily.
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:sctr
You can see the effect of various price movements on SCTR by adding SCTR Line to your chart style.
Also keep in mind that SCTR is a RELATIVE ranking, so that if all stocks in the SCTR class fall, a stock that falls less might maintain a high SCTR score.
0 -
Thanks for the response0
Categories
- All Categories
- 2.4K StockCharts
- 397 SharpCharts
- 146 Other Charting Tools
- 69 Saved Charts and ChartLists
- 1.5K Scanning
- 74 Data Issues
- 177 Other StockCharts Questions
- 224 Technical Analysis
- 155 Using Technical Analysis
- 6 InterMarket and International
- 19 Market and Breadth Indicators
- 44 Market Analysis
- 109 Trading
- 109 Trading Strategies
- 162 S.C.A.N the StockCharts Answer Network forum
- 64 Using this StockCharts Answer Network forum
- 98 s.c.a.n. archives
- 7 Off-Topic
- 7 The Cogitation & Rumination Emporium
- Forum Test Area
