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What is Short term Strength and Average Strength ?

April 26, 2017average short strength term

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What is Short term Strength and Average Strength ?

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Short Term Strength – A Fund-Track proprietary algorithm that calculates the strength of trend for a fund over the short term. This percentage represents how far above or below the current fund’s price is to its calculated average. It is the primary trend calculation for Fund-Track. Average Strength – Key indicator in which all funds in Fund-Track are ranked in order of. A Proprietary smoothing algorithm performed on the short term strength. It gauges the average strength of the fund’s price trend over he medium term. This strength of trend measure helps to estimate how the fund will perform going forward.