Backtesting Using Relative Strength, baskets...

Discussion in 'Trading Software' started by elindydotcom, May 27, 2004.

  1. I'm looking for software that will allow me to do comprehensive backtests using relative strength characteristics. I use Tradestation for most of my work but it falls short when it comes to using baskets and doing relative strength relationships for back-testing.

    For example: I have a formula for calculating relative strength over the short term and long term. I would like to back-test a strategy whereby, on any given day under certain conditions, I purchase one or more of the relative strength leaders in a given basket and exit at the end of the day or on the open of the next day. I cannot easily do this with Tradestation. Does anyone know of any product out there that makes this kind of analysis easier? (Does wealthlab allow you to do this?)

    Thanks.

    -eLindy