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Hi Ara,
Per TJ, AB RelStrength() is calculated as follows:
ABRS = 10^6 * Close/ Foreign( "Base index", "C" );
Steve
----- Original Message -----
From: "Ara Kaloustian" <ara1@xxxxxxxxxx>
To: "AB-Main" <amibroker@xxxxxxxxxxxxxxx>
Sent: Sunday, October 03, 2004 12:57 AM
Subject: [amibroker] Relative Strength
>
> Would some kind soul explain the RelStregth() function.
>
> RS = RelStrength( "!SPX") ;
>
> Plot(RS,"RelStregth",colorBlue,styleLine|styleThick);
>
> I am using the code above as a test.
>
> I observed the following:
>
> 1. When I select "!SPX", the result plotted is 1000
>
> 2. When I select any other symbol, the result ranges from 1 to about 35.
>
>
>
> I used "ABFS" to look in more detail with last data point on 10/1/04:
>
> SPX price change = +16.92 (or 1.518%)
>
> ABFS price change = + 1.53 (or 4.178%)
>
> The result of RelStregth for ABFS was 33.7163 and is constant (a flat line
> on chart) across all dates
>
> The results remain the same regardless of what date I select or look at
> daily, weekly or monthly chart.
>
> Would someone explain exactly what RelStrength does?
>
>
>
> Thanks
>
> Ara
>
>
>
>
> [Non-text portions of this message have been removed]
>
>
>
>
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>
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