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It divides the selected symbol by the SPX and mulitplies by 1000. Divide
SPX/SPX *1000 = 1000
Basically itıs used to compare your selected symbol to the S&P500.
--
Terry
From: "Ara Kaloustian" <ara1@xxxxxxxxxx>
Reply-To: amibroker@xxxxxxxxxxxxxxx
Date: Sat, 2 Oct 2004 21:57:31 -0700
To: "AB-Main" <amibroker@xxxxxxxxxxxxxxx>
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
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