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I see the native RelativeStrength("NYSE") function in AB that is
based on the ticker being displayed over the one specified in the
function, however I would like to be more general and
calculate the relative strength of two foreign issues, say NASDAQ
and NYSE; and use that ratio to base a BUY SELL strategy.
Simply ratio-ing the two price array does not seem to be the correct
way to calculate relative strength.
Can someone provide the formula for how RS is calculated.
Say
CloseNYSE = Foreign("NYSE","C");
CloseCOMPQX = Foreign("COMPQX","C");
Relstr = is ???
Thanks in advance
Joe
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