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On RS, was Re: [amibroker] compare two RSI



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Hi,
 
I wish to use the RS that's in the Indicator 
Builder, but with another index. So I changed the ^DJI index in the 
preferences to the one I want: ^TA100. Problem is that on the chart 
the title ^DJI remains, i.e. Stock/^DJI. Is this a "typo" or isn't the 
preference applying the change? In other words to which index am I now comparing 
the stock?
 
Herbert
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Jayson 
  
  To: <A title=amibroker@xxxxxxxxxxxxxxx 
  href="">amibroker@xxxxxxxxxxxxxxx 
  Sent: Thursday, December 04, 2003 7:08 
  AM
  Subject: RE: [amibroker] compare two 
  RSI
  
  <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> 
  <SPAN 
  class=569451504-04122003>
  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> 
    <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 
    face=Arial>x=RSI(14<FONT face=Arial 
    size=2>);
    <FONT color=#0000ff 
    size=2>y=RSIa(Foreign("^IXIC","C")) 
    ;
    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 
    face=Arial>="Base RSI 
    "+x+" Index RSI 
    "<FONT face=Arial 
    color=#0000ff>+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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