Absolute Strength

v10.3
Absolute Strength

The Absolute Strength indicator indicates the current market “strength” in two different ways possible:

  1. RSI Method
  2. Stochastic Method

and by separating the bulls and bears into 2 curves.

The results are then averaged with the same “length” as the one used for these 2 above methods and smoothed a second time using the “Smooth” variable. The moving average mode used is by default the Weighted one.

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. Vicari0us • 01/16/2019 #

    Hi Nicolas,

    How do I incorporate this indicator into my strategy?
    I mean what do I call the indicator.

    Example:
    trend = supertrend[7,3] //This is for Supertrend indicator
    Confirmations = Absolutestrength[??] //What do I add here to use it in the syntax

    Thanks

    • Nicolas • 01/16/2019 #

      Use the CALL function: https://www.prorealcode.com/documentation/call/
      or use the ‘fx’ button in the ProBacktest window to add it automatically in your program.

  2. Vicari0us • 01/16/2019 #

    Perfect thanks!

    I got it

  3. Bogdan35 • 127 days ago #

    Hello,

    I there one for a MT4 File? Thanks!

  4. MStarFX • 30 days ago #

    How do I add Absolute Strength indicator into my chart

  5. Jo han • 3 days ago #

    I am trying to call Absolute Strength into ProScreener (PRT 11.1)
    But i do not get any results “matches” in my ProSreener Window.
    Works fine with other indicators. It’s like it not calling the indicator properly?

    Code in proscreener;

    ignored, ignored, indicator1, indicator2 = CALL “PRC_Absolute Strength”[0, 9, 1, 2](close)
    c1 = (indicator1 >= indicator2)

    SCREENER[c1] ((close/DClose(1)-1)*100 AS “%Chg yest.”)

    Best Regards,
    Johan

    • Nicolas • 3 days ago #

      The moving average mode is not working in ProScreener, you have to change the code for the appropriate moving average type. By default it is set to Weighted Average, so you have to change all lines containing MODEMA with WeightedAverage, see https://www.prorealcode.com/documentation/weightedaverage/

  6. Jo han • 3 days ago #

    Thanks for the explanation!

    Tried to change ModeMA (4 rows at the bottom) with WeightedAverage[9](close)
    but get “A positive integer field is expected with average”

    //Nicolas @ http://www.prorealcode.com
    //Sharing ProRealTime knowledge

    // — settings
    //Mode =0 // 0-RSI method 1-Stoch method
    //Length = 9 // Period
    //Smooth = 1 // Period of smoothing
    //ModeMA = 2 // Mode of Moving Average
    // — end of settings

    if barindex>max(Length,Smooth) then
    Price1=customclose
    Price2=customclose[1]

    if Mode=0 then
    Bulls=0.5*(Abs(Price1-Price2)+(Price1-Price2))
    Bears=0.5*(Abs(Price1-Price2)-(Price1-Price2))
    endif
    if Mode=1 then
    smax=Highest[Length](high)
    smin=Lowest[Length](low)
    Bulls=Price1 – smin
    Bears=smax – Price1
    endif

    // AvgBulls=average[Length,ModeMA](Bulls)
    AvgBulls=average[Length,WeightedAverage[9](close)](Bulls)

    //AvgBears=average[Length,ModeMA](Bears)
    AvgBears=average[Length,WeightedAverage[9](close)](Bears)

    //SmthBulls=average[Smooth,ModeMA](AvgBulls)
    SmthBulls=average[Smooth,WeightedAverage[9](close)](AvgBulls)

    //SmthBears=average[Smooth,ModeMA](AvgBears)
    SmthBears=average[Smooth,WeightedAverage[9](close)](AvgBears)

    endif

    RETURN SmthBulls coloured(0,0,255,50) style(histogram), SmthBears coloured(255,0,0,50) style(histogram) , SmthBears coloured(255,0,0) style(line,3), SmthBulls coloured(0,191,255) style(line,3)

    Also tried to replace the whole average line with

    // AvgBulls=average[Length,ModeMA](Bulls)
    AvgBulls=WeightedAverage[9](Bulls)

    //AvgBears=average[Length,ModeMA](Bears)
    AvgBears=WeightedAverage[9](Bears)

    //SmthBulls=average[Smooth,ModeMA](AvgBulls)
    SmthBulls=WeightedAverage[9](AvgBulls)

    //SmthBears=average[Smooth,ModeMA](AvgBears)
    SmthBears=WeightedAverage[9](AvgBears)

    Do not get any errors with this but it is still not working with proscreener
    Any pointers in the right direction (I’m really a beginner in programming)

    😉

    Best Regards,
    Johan

    • Nicolas • 3 days ago #

      Please open a new topic with the code and an explanation, you have messed up the initial code 🙂

  7. Jo han • 3 days ago #

    Ok 🙂

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