Thanks, Matt. I was just using a line, but the histogram looks great. I've found that this works best when it hits a high for a six month period - - a pullback will usually ensue. Even better, I would like to express the result as a percentage. i.e. 0 to 100 so that it can be read universally regardless of symbol.
(for this indicator) Something like a %b but using the highest and lowest value of this indicator over the last 126 periods Michael --- In [email protected], "M. N. Busigin" <mbusigin- [EMAIL PROTECTED]> wrote: > > upsidetarget wrote: > > Indicator 3: > > > > I call this my Performance vs market strength indicator. I have found > > that it is great at predicting interim tops. > > > > ((ROC(5) + ROC(22) + ROC(63))/3)-((ROC(5),S&P500 + ROC(22),S&P500 + > > ROC(63),S&P500)/3) > > > > > > Thanks to all, > > > > Michael > > > > > > sp500 = Foreign( "^GSPC", "C" ); > i = > ( > (ROC(C,5) + ROC(C,22) + ROC(C,63)) /3) > - > ((ROC(sp500,5) + ROC(sp500,22) + ROC(sp500,63))/3) > > ; > > > Plot( i, "Multi-layered ROC vs S&P 500", IIf(i>=0, colorGreen, > colorRed), styleHistogram ); > > Filter = Cross( i, 0.0 ) OR Cross( 0.0, i ); > AddColumn( C, "Close" ); > AddColumn( i, "Relationship" ); > > Short = Cross( i, 0.0 ); > Cover = Cross( 0.0, i ); > > > Is this what it's supposed to look like? > > > -Matt >
