Don, You sure created a lot of action on this post. I too am interested in the IBD relative strength formula but didn't see anything definitive in the posts I read. I have a close friend here in Dallas who specilizes in using IBD through a program he developed called "SIFT" see below. this is what he says about the IBD RS - "The problem with IBD data is that there is a 3 month moving average. This creates such a lag that you can only trade this on long and mid term. You cannot trade short term with this moving average lag. Possible solution is to use SIFT and look at the reports. The reports give strength based on price change pct. The reports with dates have relative strength based on 2,3,4,5,10,20,40,60,80,100,200 periods. Read on How to use Reports. http://home.comcast.net/~sift/"; You may wish to check it out. In the meantime let me know if anyone came up with an AFL that will calculte the relative strenth similar to IBD. I have the IBD database and use both it and the Hemscott db.
Best regards, R.E.(Dick) Hoierman --- In [email protected], "Don Lindberg" <[EMAIL PROTECTED]> wrote: > > 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. > Please note that this group is for discussion between users only. To get support from AmiBroker please send an e-mail directly to SUPPORT {at} amibroker.com For other support material please check also: http://www.amibroker.com/support.html Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/amibroker/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/amibroker/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
