New High RS
- Add a 26-week moving average to the New High RS (Relative Strength) Indicator
Buy when indicator > MA
Sell when indicator < MA
- The absolute value of the indicator means nothing. The position relative to the MA is what we trade.
Buy when indicator > MA
Sell when indicator < MA
- The absolute value of the indicator means nothing. The position relative to the MA is what we trade.
study("New High RS")
newHighRS = close / highest(close,52)
plot(newHighRS, color=green)