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Thanks Bill. I appreciate that.
JOE
----- Original Message -----
From: Bill Barnard
To: amibroker@xxxxxxxxxxxxxxx
Sent: Tuesday, September 14, 2004 12:17 PM
Subject: [amibroker] Re: Relative Strength Question
Joe,
The relative strength (as used in FT) IS defined as the ratio of one
price to the other. I just proved that to myself by plotting and
calculating the gain, in Amibroker, of the ratio:
Foreign("RUT-I", "Close") / Foreign("SP-CP", "Close")
and then verifying that the gain is the same for the rel str plotted
in FT.
Bill
--- In amibroker@xxxxxxxxxxxxxxx, "Joseph Landry" <jelandry@xxxx>
wrote:
> 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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