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Price Relative Strength New High Before Price High
Hi guys and gals, I am looking for a way to scan for Price Relative / Relative Strength making a new high before the actual price of the stock. I.E. I want the XYZ:$SPX ratio for example to make a new high before the actual price of GOOGL. According to Bill Oneill this is a often a HUGE tipoff if a stocks price relative line makes a new high first. This can lead to massive gains in the days and weeks after this occurs. I am not sure how I could scan for a price ratio new high though. Is this possible?