Finding stocks that follow index

Discussion in 'Technical Analysis' started by Fibbo, Apr 5, 2011.

  1. Fibbo


    I want to find the stocks that follow index and those that doesn't. How ?
    One way is to make spreads for each stock and look at those charts. That will that a long time, and how do I compare them to see which is closer to index ?
    Isn't there any indicator that shows how close a stock follows index ?
  2. Fibbo


    That's very complicated. Isn't there any tool or indicator in any ta-program ? Any tool or scan that can be used to sort stocks relative to any index.
    There is this Relative Strength, but I can't find it in my program.