Relative strength on paper is a ratio line you construct by comparing closing prices of two symbols over the same weekly dates. You do not need software — a printed table of closes and a ruler are enough.

Plot the ratio on a blank panel beneath the two price charts. Connect two obvious swing lows with a straight edge. Extend the line forward one week beyond the last print date as a tentative guide, not a forecast.

Most traders place the first line too early, using only two weeks of data. Wait for three confirmed weekly closes on one side of the tentative line before ink-ing it dark. Light pencil until then.

When price crosses your line, note the volume week in the margin. Crosses on rising volume get a solid dot; crosses on thin volume get an open circle. That simple code prevents overreaction on Monday opens.

relative strength technique

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