I have AB for 2 months
Here is a Relative strength indicator .....
/* Relative Strength Comparison with Relative Strength Moving Average
compare to SP 500
compare to Vix - Volatility
Normalize
Plot
*/
RelStrength1 = EMA(Close,5) / Foreign("^GSPC","close");
RelStrength2 = EMA(Close,5) / Foreign("^Vix","close");
RelStren1 = RelStrength1 / Sum(RelStrength1,10);
RelStren2 = RelStrength2 / Sum(RelStrength2,10);
Plot(RelStren1,"RS1",colorBlue,5);
Plot(RelStren2,"RS1",colorGreen,5);
a
It works
Is this good & efficient syntax
can it be reduced
b
can the plot color be changed ;
eg. if Plot(today) > plot(yesterday) then green else red
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