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Registered User
Joined: 1/30/2005
Posts: 10
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Is there a known PCF for the indicator "Relative Spread Strength" as it appeared in the Oct '06 Technical Analysis of Stocks and Commodities magazine? If not, can it be created? I have looked through the forum and have not found anything yet.
Thanks,
Bob
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I haven't had much success in figuring it out so far (I'm working from the Online Trader's Tips because I don't actually own that particular issue).
-Bruce
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Registered User
Joined: 1/30/2005
Posts: 10
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Bruce,
Let me see if I can be of some further help here. This should plot on a scale of 0-100, just like the RSI.
ShortPeriods(EMA) = 10
LongPeriods(EMA) = 40
RSPeriods = 5
SmoothingPeriods = 5
Spread = ShortPeriods(EMA)-LongPeriods(EMA)
Calculate and Smooth the RSI of the Spread
myRSI = RSI(Spread,RSPeriods)
SmoothRSI = EMA(myRSI,SmoothingPeriods)
SetScale = (0,100)
Plot("RSS",SmoothRSI)
If this doesn't work, let me know.
Bob
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I've played with your example and obtained (and read) the article itself. It does not appear to be practical as a Custom Indicator in TeleChart. It can be done in Blocks fairly easily however.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/30/2005
Posts: 10
|
Sorry to hear it couldn't be converted, at least you tried.
Thanks,
Bob
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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