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



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Jayson,
 
Yes, but when you look at one of the charts 
containing this indicator the title on the RS pane is still XXX/^DJI 
 !?
 
Regards,
Herbert
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Jayson 
  
  To: <A title=amibroker@xxxxxxxxxxxxxxx 
  href="">amibroker@xxxxxxxxxxxxxxx 
  Sent: Thursday, December 04, 2003 6:41 
  PM
  Subject: RE: On RS, was Re: [amibroker] 
  compare two RSI
  
  <FONT face=Arial color=#0000ff 
  size=2>Herbert,
  go 
  to preferences/indicators. bottom rt is default relative strength base. enter 
  your choice then press apply. I just tried it and it works for me  
  :)
   
  Regards, 
  Jayson 
  <FONT face=Tahoma 
  size=2>-----Original Message-----From: Herbert Elstein 
  [mailto:herty@xxxxxxxxxxxxxxxx]Sent: Thursday, December 04, 2003 
  11:21 AMTo: <A 
  href="">amibroker@xxxxxxxxxxxxxxxSubject: 
  Re: On RS, was Re: [amibroker] compare two RSI
  Jayson,
   
  I meant the built-in RS. From 
  Insert > Standard Chart > Relative Strength. The reference index 
  can be changed in the preferences but the title does not 
  change.
   
  Thanks for troubling;
   
  Herbert
   
  <BLOCKQUOTE 
  >
    ----- Original Message ----- 
    <DIV 
    >From: 
    <A title=jcasavant@xxxxxxxxxxx 
    href="">Jayson 
    To: <A title=amibroker@xxxxxxxxxxxxxxx 
    href="">amibroker@xxxxxxxxxxxxxxx 
    Sent: Thursday, December 04, 2003 4:40 
    PM
    Subject: RE: On RS, was Re: [amibroker] 
    compare two RSI
    
    <FONT face=Arial color=#0000ff 
    size=2>Herbert,
    <FONT face=Arial color=#0000ff 
    size=2>show us the code....
     
    Regards, 
    Jayson 
    <FONT face=Tahoma 
    size=2>-----Original Message-----From: Herbert Elstein 
    [mailto:herty@xxxxxxxxxxxxxxxx]Sent: Thursday, December 04, 2003 
    2:43 AMTo: <A 
    href="">amibroker@xxxxxxxxxxxxxxxSubject: 
    On RS, was Re: [amibroker] compare two RSI
    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: 
      <A title=jcasavant@xxxxxxxxxxx 
      href="">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,
      <FONT face=Arial color=#0000ff 
      size=2>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
      <SPAN 
      class=569451504-04122003>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);
      <SPAN 
      class=569451504-04122003><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("<SPAN 
        class=536582803-04122003>^IXIC","C")) ;<FONT 
        color=#282828>
        Plot<FONT 
        color=#282828 size=2>(x-y,<FONT color=#ff00ff 
        size=2>"Comparative",<FONT 
        color=#ff00ff size=2>4,<FONT 
        color=#ff00ff size=2>1<FONT 
        face=Arial>);
        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 
        face=Arial>(<FONT 
        color=#ff00ff>"^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 RasmussenSend 
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