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 • 154 days ago #

    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 • 154 days ago #

      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 • 154 days ago #

    Perfect thanks!

    I got it

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