Re: [amibroker] IBD Relative Strength

Wed, 06 Sep 2006 20:12:09 -0700

 Allan,
 
Thanks for the effort, but it doesn't look anything like the TC indicator or IBD's. It is fairly flat, and doesn't relate to price in the way the others do. Could the divisions have something to do with the difference, or is that the purpose of ROC?
 
I will just have to keep trying.
 
Thanks,
Don
 
-------Original Message-------
 
Date: 9/6/2006 5:59:41 PM
Subject: Re: [amibroker] IBD Relative Strength
 
Hi Don,
I am pretty new to this but I will give it my best shot...
 

ThreeM=ROC(Close,63)*.4;

SixM=ROC(Close,126)*.2;

NineM=ROC(Close,189)*.2;

color=#0000ff>ROC(Close,252)*.2;

IBDrs=threem+sixm+ninem+Oneyear;

Plot(ibdrs,"IBDrs",colorBlue,styleLine);



----- Original Message -----
From: Don Lindberg <[EMAIL PROTECTED]>
Date: Wednesday, September 6, 2006 8:07 pm
Subject: [amibroker] IBD Relative Strength
To: [email protected]

> I am trying to create an indicator that will mimic the Relative
> Strength Line from the IBD newspaper charts. Using the default
> RS in
> AmiBroker does not give same graph. I also use Worden's Tel-
> Chart,
> and I am able to get the indicator in TC to work correctly with
> the
> folowing formula:
> ((((C - C63) / C63) * .4) + (((C - C126) / C126) * .2) + (((C -
> C189) / C189) * .2) + (((C - C252) / C252) * .2))*100
>
> Now I am not a programmer, so I am not sure if the C above
> stands for
> Close or not. But I get the graph I want when I apply this
> formula, so
> that is good enough for me.
>
> Now my question is, can anyone adapt this indicator code for use
> in
> AmiBroker, so I can have an IBD Relative Strength Line in my AB
> charts
> as well?
>
> Any help would be appreciated.
>
>
>
>
 
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