New Members: Be sure to confirm your email address by clicking on the link that was sent to your email inbox. You will not be able to post messages until you click that link.

RRG charts- weekly and daily differs vastly.

The question is to whether use daily RRG charts for trading or weekly RRG chart? Which is a better indicator?


  • They tell you two different things. What is better depends on your investing personality. I work from long to short term in order to make decisions, so I look at monthly, then weekly, then daily for decisions. Of course, I use Point and Figure charts to actually assist me, but I'm more of a find the intermediate/longer message on a chart type.

    It all depends on what chart speaks to you and your style I suppose.
  • i agree and i also consider forward looking indicators. it was just a question to clarify and figure out why daily RRG recommends different stocks than that of weekly. thanks
  • Using a daily RRG chart for short term analysis, for example 10 days or less, is useless. In this case, recent daily data displayed on an RRG Chart will not necessarily agree with the most recent data displayed on a daily Sharpchart. This is because there is apparently a relatively long-period moving average applied in the RRG algorithm which is much longer than 10 days (for example). So, the RRG JK RS-ratio algorithm needs to be modified to take into account the time period selected by the user for the RRG plot, so that for short time periods, say 10-days or less in this example, a shorter moving average (less than a 10-day period) will be applied in the JK RS-ratio algorithm. Bottom line - a long period moving average is apparently used for all the RRG charts plots regardless of the time frame selected for the RRG plot by the user. This causes the display of the most recent daily data on the RRG plot to completely disagree with the price data displayed on a daily Sharpchart. The RRG algorithm needs to be able to account for (i.e., adjust for) the time period selected by the user for display of the RRG chart.
Sign In or Register to comment.