Everyone’s favorite data provider is touting a relatively new screen, RRG <Go>. It’s short for Relative Rotation Graphs, and here is the self-description:

RRG charts are visualization tools to help you to monitor and “paint the picture” of what’s going on in your universe or portfolio rather than a trading system per se. If you want to use a more quantitative approach to rank the elements in a universe, the suggestion is to focus on the RS-ratio levels. High numbers are good, low numbers are weak.

Quantitative approaches are always are good thing at least here in PDT-land. Sadly theirs is… “proprietary”, which doesnt allow for independent backtesting:

RRG charts use the following two (proprietary) indicators as input:

- X-axis:  RS-Ratio is plotted on the X-axis. RS-ratio is a uniform measure of relative strength which enables the comparison of all elements in a universe with each other. The higher the number the ...