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G'day,
I have XBF as the index for Banking setup in
Ami for that Ami Industry.
I have an indicator (Thanks to David H &
Tomasz) - graph0 = RELSTRENGTH(""); showing in a window.
When I click on XBF and view its chart - Idon't
get a horizontal straight line graph as I would expect when I compare the index
to itself.
I must be doing something wrong.
I do have scaling set to Automatic and grid lines
set to limit
Any ideas ?
Thanks,
Geoff
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Cloonan
To: <A
href=""
title=amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, March 18, 2001 7:46
AM
Subject: Re: [amibroker]
RELSTRENGTH
Tomasz,Thanks - I had the feeling I was missing
something. (now I have somethingnew to play
with)regardsRichard----- Original Message
-----From: "Tomasz Janeczko" <<A
href="">tj@xxxx>To: <<A
href="">amibroker@xxxxxxxxxxxxxxx>Sent:
Sunday, March 18, 2001 6:54 AMSubject: Re: [amibroker]
RELSTRENGTH> Hi Richard,>> It works that
way!>> If you specify an empty string as an argument>
RelStrength("");>> AmiBroker will use base stock defined in
Categories/Markets>> Best regards,> Tomasz
Janeczko> ===============> AmiBroker - the comprehensive share
manager.> <A
href="">http://www.amibroker.com>>>
----- Original Message -----> From: "Cloonan"
<cloonan@xxxx>> To:
<amibroker@xxxxxxxxxxxxxxx>> Sent: Saturday, March 17, 2001 9:31
AM> Subject: Re: [amibroker] RELSTRENGTH>>> >
Tomasz,> >> > To follow on from Geoff's original
request.> >> > My understanding is that at the present it
is only possible to use> > RelStrength() against a single indexas
in your example below whichcompares> > it to the AustralianAll
Ordinaries (XAO). What could be useful wouldbe to> > allow
a comparison against say each stock's industry index.> >>
> It seems to me that we just need some variables which carry the
relevant> > industry & sector index names that we can reference.
This capabilityseems> > to be an implied in the Categories
window where indexes can be set for> > markets, groups and
industries.> >> > Have I missed the point on these
assignments?> >> > regards> > Richard>
>> >> > ----- Original Message -----> > From:
"Tomasz Janeczko" <tj@xxxx>> > To:
<amibroker@xxxxxxxxxxxxxxx>> > Sent: Saturday, March 17, 2001
6:40 PM> > Subject: Re: [amibroker] RELSTRENGTH> >>
>> > Hi Geoff,> >> > 1. Yes you can, but
please remember about two things:> > a) RelStrength()
function needs an index ticker to compare to, forexample> >
"XAO" (ASE all ordinaries index)> > b) RelStrength()
values are not normalized, so they are different foreach> >
stock. This means that you can only get>
> resonable results if you check for
rising/falling RelStrength orif> > you detect a new high ornew
low.> > Absolute levels (such as
1) do not work.> >> > 2. Use graph1 = RelStrength( "XAO"
); to generate relative strength of> > currently selected stock
compared to the index.> >> > 3. Comparative Relative
Strength is calculated by simply DIVIDING the> > closing price of
currently selected stock by the closing> > price
of BASE stock (usually an index):> >>
> RELSTRENGTH = CLOSE /
CLOSE_OF_BASE_STOCK;> >> >> > Best
regards,> > Tomasz Janeczko> > ===============>
> AmiBroker - the comprehensive share manager.> > <A
href="">http://www.amibroker.com>
>> > ----- Original Message ----->
> From: Geoff Mulhall> > To:
amibroker@xxxxxxxxxxxxxxx> > Sent: Friday, March 16,
2001 10:48 AM> > Subject: [amibroker]
RELSTRENGTH> >> >> > G'day
Tomasz,> >> > Can you assist with the
following please ?> >> > 1. Can I use
RELSTRENGTH in an Auto Analysis over a selected industry> > (using a
filter to choose the industry) to return all those stocks withsay>
> ma(relative strength(), 30) > 1 say ? (Assuming I have set up the
base> > indices correctly of course).> >>
> 2. If not, can I plot the relative strength in a separate
chart window> >> > graph1 = RELSTRENGTH(); -
doesn't work because there is no argumentfor> > the
ticker.> >> > 3. Would you have a reference
you could point me at on RELSTRENGTH.(I'm> > wanting to useit
to create a watch list as per Weinsteins 'Secrets of> > Profiting in
Bull & Bear Markets') so I want to understand howRELSTRENGTH>
> is calculated in AmiBroker.> >> > Thanks
again,> >> > Geoff> >>
>> > RELSTRENGTH SYNTAX relstrength(
"tickername" )> >
RETURNS ARRAY> >
FUNCTION Calculates relative strength of currently selected>>
security compared to "tickername" security>
> EXAMPLE relstrength(
"^DJI" )> >> >>
> Yahoo! Groups
Sponsor> >>
> Click Here to Find
Software Faster> >> >> > Your use of
Yahoo! Groups is subject to the Yahoo! Terms of Service.> >>
>> >> >> >> >> >>
> Your use of Yahoo! Groups is subject to<A
href="">http://docs.yahoo.com/info/terms/>
>> >>>>>>> Your use of
Yahoo! Groups is subject to <A
href="">http://docs.yahoo.com/info/terms/>>Your
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href="">Yahoo! Terms of Service.
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