Sell Relative Strength Index and Profit Accumulation

Summary

This short description introduces the Sell Relative Strength Index, attributed to Howard Wand and identified as appearing in a February 2019 issue of TASC. It presents the indicator as a way to estimate the size of a possible subsequent selloff from accumulated trading profits. The description assigns green lines to buy signals, red lines to sell signals, and yellow lines to a balance between the two.

The document provides only a high-level account of the indicator. It does not specify its formula, parameter settings, signal rules, tested instruments, or performance evidence, so readers cannot reproduce or assess the method from this text alone. It also gives no guidance on interpreting the signals in changing market conditions or managing risk around rapid price declines.

Key ideas

• The Sell Relative Strength Index is attributed to Howard Wand.\nThe indicator is described as using accumulated profits to estimate potential selloff size.\nIts displayed signals distinguish buy, sell, and balanced conditions by color.\nThe document omits the formula, testing evidence, and implementation details.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.