Thanks. Ok, so swing trading. Use RSI on a 1 hour chart, or a daily, pending where the RSI is then just apply basic trend following principles. Add water then stir.
umm The RSI is classified as a momentum oscillator, measuring the velocity and magnitude of directional price movements Relative strength is a ratio of a stock price to a market average. two different things..
Worst thing he can do is accept a "can't be done" from someone on the Internet. Research, Research, research.
keeping it simple is not a bad idea respectively.. i mean you could plot every constituents strength on one chart.. or you could take the basket he is talking about turn it into a ticker and plot it over the index or you could take the baskets/etf's moving average and just plot those against the index in percentage changes instead of price
Caveman, I took a look at coursera for their class on R and couldn;t find anything in programming with it. is it "Data Analysis" with Jeff Leeks?