Chartered Accountant (Twitter Handle: @harrie007),
Mr. Harish Kumar trades using the Demand Supply concept along with Bollinger Bands with a purpose of generating better returns and long term growth in Indian equity markets.View Profile
Relative price strength (RPS) also known as Relative Strength is an indicator of price momentum.
By using RPS, a trader/Investor measures the trend of prices of financial assets compared to another instrument/Industry/Sector or in other words, the price momentum of the financial instrument.
By using RPS, one can determine the performance of a stock as compared to other instrument leading to a prudent and wise decision making while buying/selling a stock.
RPS can be used in any time frame i.e. it can be used by long term investors to Intra-day trader as well.