RS rank

This indicator is used to see if a stock/instrument have better performance than the general market or not. It is a ratio that goes from 1 to 99, where 99 is the best and 1 is the worst you can have. The ratio thus helps to show who is the "leaders" in the market at a given time. The best stocks/instruments tend to have an RS ranking of 80 or better.

A very good technical sign is when a stock/instrument is close to or breaks out of a formation/base when the RS ranking is high and trends upwards. This means that the instrument is trending towards better performance then other instruments in the market, and is on the way for another strong price move. - has the opportunity to screen for stocks with RS rank in mind.