This code is to replicate the relative strength indicator as used on investors.com (on lists like the IBD 50, big cap 20 etc).
Let me know if any issues / any updates wanted.
For those of you who like to use the StochasticRSI, this indicator adds a StochasticMFI (Money Flow) into the mix, making it volume weighted.
The red signal line is the StochasticRSI and StochasticMFI averaged together.
The green and yellow ribbon is the two plot lines filled in and coloured depending on which is greater (RSI or MFI).
// Created 2018 - by...
This indicator is an advanced studie of 'Mansfield Relative Strength Trend' indicator
Since it is too time consuming to constantly change the index, I have developed a multi-index indicator.
The default order of the indexes is:
1. S&P 500
2. Dow Jones Industrial Average
3. Nasdaq Composite
4. NYSE Composite
5. DAX
You can change all indexes in the...
'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index (in this case the S&P 500).
This indicator combines the relative strength with Weinstein's stage analysis.
The indiacator was made for weekly stock charts only!
BUY & HOLD Conditions (green):
1. Mansfield Relative...
Republished: The original script violated house rules by including an external link to Backtest Rookies.
Background
The currency strength indicator takes up to 4 forex pairs and calculates the average strength across all pairs. The indicator uses the pair's daily percentage change to calculate the overall strength. For flexibility, it can accept any...
This is the latest and greatest of technical analysis .
Values for your favourite indicators can easily be changed to customise your strategy.
When an indicator becomes bullish or bearish , a notification appears on the bar.
When all indicators align, Power Bars show up. Red Power Bars are bearish , blue Power Bars are bullish.
This is what the bars look like...
