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IDB Relative strength

Alfy · 2020-12-23T11:40:33+00:00

Hi guys, i was hoping someone could help. Im looking to recreate the IDB relative strength line which compares the momentum of a stock over 3 months, 6 months and 12 months relative to an index like the S&P 500. Pro real time has something similar called Mansfield relative strength but its not the same. Ive added the basic code of the momentum of the stock but im having trouble with the rest comparing it to the S&P 500. Can anyone help please? Trendstrength=(2*close/close[63])+(close/close[126])+(close/close[189])+(close/close[252]) Return(trendstrength)

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IDB Relative strength

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12/23/2020 at 12:40 PM #154976 quote
Alfy
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Hi guys, i was hoping someone could help. Im looking to recreate the IDB relative strength line which compares the momentum of a stock over 3 months, 6 months and 12 months relative to an index like the S&P 500. Pro real time has something similar called Mansfield relative strength but its not the same. Ive added the basic code of the momentum of the stock but im having trouble with the rest comparing it to the S&P 500. Can anyone help please?
```
Trendstrength=(2*close/close[63])+(close/close[126])+(close/close[189])+(close/close[252])

Return(trendstrength)
```
12/23/2020 at 1:05 PM #154984 quote

Vonasi
Moderator

Master

It is not possible for an indicator to look at two instruments.

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IDB Relative strength

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Alfy @alfy Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by Vonasi
5 years, 9 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	12/23/2020
Status:	Active
Attachments:	No files

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IDB Relative strength

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IDB Relative strength ProBuilder: Indicators & Custom Tools

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IDB Relative strength

ProBuilder: Indicators & Custom Tools