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<FONT face=Arial color=#0000ff
size=2>Rik,
You
are correct that relstrength uses close data rather than RSI. It can be a useful
indicator however for finding if your base stock is leading or trailing the
index. It is simple to read. If the line is rising the stock is out performing
the index, if the line is falling the reverse is true. If the line is flat then
the two are moving in harmony. Note that your stock may be in a steady climb but
if the indicator is flat it is telling you that the index is steadily climbing
as well. A move one way or the other from a flat period indicates a divergence
is setting up. This can often lead to break out of a consolidation or a
stalling of a trend.
Regards,
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: Rik Rasmussen
[mailto:hrasmussen@xxxxxxxxx]Sent: Wednesday, December 03, 2003 11:21
PMTo: amibroker@xxxxxxxxxxxxxxxSubject: RE: [amibroker]
compare two RSI
This
plots a comparison but I am not exactly sure what it is showing
me.
<SPAN
class=569451504-04122003>
<FONT
size=1>
a = RelStrength<FONT
face="Courier New" size=1>(<FONT face="Courier New" color=#ff00ff
size=1>"^IXIC"); <FONT
color=#0000ff size=1>
Plot ( a , <FONT color=#ff00ff
size=1>"compare to IXIC",
colorRed, styleLine);
<FONT
color=#000000 size=1>
Thanks
Jayson
<FONT color=#000000
size=1>
Rik
Rasmussen
<FONT face=Tahoma
size=2>-----Original Message-----From: Jayson
[mailto:jcasavant@xxxxxxxxxxx]Sent: Wednesday, December 03, 2003
10:42 PMTo: amibroker@xxxxxxxxxxxxxxxSubject: RE:
[amibroker] compare two RSI
<FONT face=Arial color=#0000ff
size=2>Rik,
<FONT face=Arial color=#0000ff
size=2>
You
could plot the two RSI values by calling rsia(foreign("^IXIC","C") and then
doing the math on the 2 values. Something like...
<FONT face=Arial color=#0000ff
size=2>
<FONT
size=2>x=RSI(14);<FONT
color=#282828>
y=RSIa(Foreign("<SPAN
class=536582803-04122003>^IXIC","C")) ;<FONT
color=#282828>
Plot<FONT color=#282828
size=2>(x-y,"Comparative"<FONT
color=#282828 size=2>,4<FONT
color=#282828 size=2>,1<FONT
color=#282828 size=2>);
Title<FONT
color=#0000ff>="Base RSI "<FONT
size=2>+x+" Index RSI "<FONT
color=#282828 size=2>+y;
<FONT face=Arial
color=#0000ff>
<FONT
color=#0000ff>Another alternative would be to simply
use.....
RelStrength<FONT
size=2>("<SPAN
class=536582803-04122003>^IXIC"<FONT
color=#282828>);
<FONT
color=#0000ff>
Regards,
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: Rik Rasmussen
[mailto:hrasmussen@xxxxxxxxx]Sent: Wednesday, December 03, 2003
9:46 PMTo: AmibrokerSubject: [amibroker] compare two
RSII would like to compare two RSI.I have
checked the library but did not find anything to do this.Example:
select ^NYA have an indicator that compares the RSI of the selected^NYA
with another index such as ^IXIC.Indicator would be a line turning up
if selected index has stronger RSI,down when other index has stronger
RSI.Goal is to compare RSI of two markets, NYSE vs
NASDAQ.Anyone have a code to do this?Rik
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