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



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Anthony,
 
Fine, I never would have thought to look in the 
help file for "base index".
 
Many thanks
 
Herbert
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Anthony Faragasso 
  
  To: <A title=amibroker@xxxxxxxxxxxxxxx 
  href="">amibroker@xxxxxxxxxxxxxxx 
  Sent: Saturday, December 06, 2003 1:01 
  AM
  Subject: Re: On RS, was Re: [amibroker] 
  compare two RSI
  
  Herbert,
   
  If You open up the Help file and search on : Base 
  Index.....the last entry reads....Categories Window...click on it and you will 
  see the following definition:
   
  
  Categories window 
  This dialog, previously known as "Groups and Markets" window, allows you to 
  define names of markets, groups, sectors and industries. For each market you 
  can also define base 
  indexes for calculating relative strength, composite data and beta (not 
  used in this version). Moreover for each market you can define web profile 
  URL. For each industry you can define the sector.
  
   
  Anthony....
  <BLOCKQUOTE 
  >
    ----- Original Message ----- 
    <DIV 
    >From: 
    Herbert 
    Elstein 
    To: <A title=amibroker@xxxxxxxxxxxxxxx 
    href="">amibroker@xxxxxxxxxxxxxxx 
    Sent: Friday, December 05, 2003 10:18 
    AM
    Subject: Re: On RS, was Re: [amibroker] 
    compare two RSI
    
    Anthony,
     
    Yeah! (:o )  That did it. 
     
    One more Q: Where did you get or know about 
    what you told me?
     
    Regards
     
    Herbert
    <BLOCKQUOTE 
    >
      ----- Original Message ----- 
      <DIV 
      >From: 
      Anthony 
      Faragasso 
      To: <A 
      title=amibroker@xxxxxxxxxxxxxxx 
      href="">amibroker@xxxxxxxxxxxxxxx 
      
      Sent: Friday, December 05, 2003 1:40 
      PM
      Subject: Re: On RS, was Re: 
      [amibroker] compare two RSI
      
      Herbert,
       
      To change the base Relative Strength 
      Ticker....Go to Symbol > Categories > Market , it is on the right 
      side of the window that opens up.....pick which market your symbols are 
      located in, and change the base index....
       
      Anthony
      <BLOCKQUOTE 
      >
        ----- Original Message ----- 
        <DIV 
        >From: 
        <A title=herty@xxxxxxxxxxxxxxxx 
        href="">Herbert Elstein 
        To: <A 
        title=amibroker@xxxxxxxxxxxxxxx 
        href="">amibroker@xxxxxxxxxxxxxxx 
        
        Sent: Friday, December 05, 2003 
        1:01 AM
        Subject: Re: On RS, was Re: 
        [amibroker] compare two RSI
        
        Anthony,
         
        No, I simply wanted a comparison of my 
        bunch of stocks, only forty or so with the index. So I applied the 
        built-in RS which is in the insert>Standard Charts list. Changing the 
        default ^DJI in the preferences with my ^TA100 does not change the graph 
        in the pane, nor the title.
        <BLOCKQUOTE 
        >
          ----- Original Message ----- 
          <DIV 
          >From: 
          Anthony 
          Faragasso 
          To: <A 
          title=amibroker@xxxxxxxxxxxxxxx 
          href="">amibroker@xxxxxxxxxxxxxxx 
          
          Sent: Friday, December 05, 2003 
          3:25 AM
          Subject: Re: On RS, was Re: 
          [amibroker] compare two RSI
          
          Herbert ,
           
          Are you in a Custom Indicator Window ? 
          
           
          Do you have a Title= xxx/^DJI;  
          somewhere ?
           
          Anthony
          <BLOCKQUOTE 
          >
            ----- Original Message ----- 
            <DIV 
            >From: 
            <A title=herty@xxxxxxxxxxxxxxxx 
            href="">Herbert Elstein 
            To: <A 
            title=amibroker@xxxxxxxxxxxxxxx 
            href="">amibroker@xxxxxxxxxxxxxxx 
            
            Sent: Thursday, December 04, 
            2003 12:17 PM
            Subject: Re: On RS, was Re: 
            [amibroker] compare two RSI
            
            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: 
              <A title=jcasavant@xxxxxxxxxxx 
              href="">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,
              <FONT face=Arial color=#0000ff 
              size=2>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  :)
               
              <FONT face=Arial color=#0000ff 
              size=2>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....
                 
                <FONT face=Arial color=#0000ff 
                size=2>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.
                   
                  <FONT face=Arial color=#0000ff 
                  size=2>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 = <FONT color=#0000ff 
                  size=1>RelStrength<FONT face="Courier New" 
                  size=1>(<FONT face="Courier New" color=#ff00ff 
                  size=1>"^IXIC"); 
                  
                  Plot ( a , <FONT 
                  color=#ff00ff size=1>"compare to IXIC"<FONT 
                  size=1>, colorRed, 
                  styleLine);
                  <SPAN 
                  class=569451504-04122003><FONT color=#000000 
                  size=1> 
                  <FONT color=#000000 
                  size=1>Thanks Jayson
                  <FONT color=#000000 
                  size=1> 
                  <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 
                    color=#0000ff><FONT 
                    size=2>x=RSI(14<FONT face=Arial 
                    size=2>);
                    <FONT color=#0000ff 
                    size=2>y=RSIa(Foreign("<SPAN 
                    class=536582803-04122003>^IXIC","C")) 
                    ;<FONT 
                    color=#0000ff size=2>
                    Plot<FONT 
                    face=Arial>(x-y,<FONT 
                    color=#ff00ff size=2>"Comparative"<FONT color=#282828 
                    size=2>,4<FONT 
                    color=#282828 size=2>,<FONT color=#ff00ff 
                    size=2>1<FONT 
                    face=Arial>);
                    Title<FONT 
                    face=Arial>=<FONT 
                    size=2>"Base RSI "+x+<FONT 
                    size=2>" Index RSI "<FONT color=#282828 
                    size=2><FONT face=Arial 
color=#0000ff>+y;
                    <FONT face=Arial 
                    color=#0000ff> 
                    <SPAN 
                    class=536582803-04122003><FONT 
                    face=Arial size=2>Another alternative would be to simply 
                    use..... 
                    RelStrength<FONT 
                    face=Arial>(<FONT 
                    color=#ff00ff>"<SPAN 
                    class=536582803-04122003>^IXIC"<FONT 
                    color=#282828>);
                    <FONT 
                    color=#0000ff> 
                    <FONT face=Arial color=#0000ff 
                    size=2> 
                    <FONT face=Arial color=#0000ff 
                    size=2>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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