|
|||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||
| Special offer: buy AmiBroker and EOD+Real-Time Data |
|
Hi, I developed this using concepts by Tom DeMark and my own. It is an intra market Relative Strength indicator which uses characteristics of each bar to determine strength/ weakness. The close, high and low are taken into consideration to determine bar strength for each market, and then the two markets are compared What I have found useful about it is in identifying longer term turning points. There will be diversion in the indicator FAR before the actual turning point, so it will identify strength or weakness well in advance. Use your own system to identify entries - not this. I would enjoy hearing feedback from those who have tried this out. I have also found it useful applied to Advance/Decline charts. Here's the code, enjoy! Code:inputs: len(20),len2(25); value1=close-low; value4=close of data2-low of data2; if value3>0 and value6>0 then begin end; Plot1(averagefc(value7,len), "SprdRatio" ) ;
all formulas for TradeStation all formulas
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| However we try to maintain hiqhest possible level of service - most formulas, oscillators, indicators and systems are submitted by anonymous users. Therefore S4T™ does not take any responsibility for it's quality. If you use any of this information, use it at your own risk. You are responsible for your own trading decisions. Be sure to verify that any information you see on these pages is correct, and is applicable to your particular trade. In no case will S4T™ be responsible for your trading gains or losses. |
||
|
||
|