Relative Strength Compare

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  • 05/22/2020 at 2:18 PM #132826
    StrongRobert

    Hello Everyone,

     

    New here!

     

    Is it possible to get a value from another forex pair? There is a preloaded indicator called relative strength comparison.  What code could be used to grab a variable from another currency pair?

     

    Apologies if this a nob question or the wrong spot.

     

    Thank You

    Robert

     

    05/22/2020 at 4:21 PM #132862
    GraHal
    StrongRobert wrote:

    What code could be used to grab a variable from another currency pair?

    You can’t do this while a strategy is running Live.

    You could only manually input whatever value you were talking about into your code then run the Strategy.

    If / when the variable from another Fx pair changed you would then have to stop the strategy and start another version with the new value.

    Might work for a daily changed value, Day High etc??

    Or even an Hourly changed value would be less glued to the screen than 100% manual trading??

    05/22/2020 at 5:35 PM #132882
    StrongRobert

    Thank you very much for your reply and the information.

     

    So I have attached a snapshot of the RSI comparison could it be calling a result then?  I don’t have to do any manual entry required for this. I am manually trading.

     

    Thank You

    Robert

    05/22/2020 at 5:54 PM #132885
    GraHal

    I don’t understand what you are trying to do or want now?

    If you are manual trading then you can just have two charts running of the forex pairs you are interested in?

    RSI of  Y is strength relative to recent past price changes of Y.

    RSI is not strength relative to price changes of another fx pair.

    EDIT / PS

    Is the chart you show RSI or RS?

    05/23/2020 at 4:57 PM #132964
    StrongRobert

    Although I am manual trading for now I am trying to build my own indicators and eventually move into algo trading.

    This is RS  on the chart. I am mostly interested in how it appears to be pulling data directly from another pair.

    Please let me know if am just miss interpreting how this indicator is working completely.

    Thank You

     

    05/23/2020 at 6:10 PM #132970
    GraHal
    StrongRobert wrote:

    This is RS  on the chart. I am mostly interested in how it appears to be pulling data directly from another pair.

    Is that a PRT chart?

    Why / how is it another pair?

    Isn’t it just NZD / USD as a pair?

    05/23/2020 at 6:49 PM #132974
    Vonasi

    The Relative Strength (Comparison) indicator works as described in the description for it. You can select whichever instrument to compare another instrument to.

    05/23/2020 at 6:54 PM #132977
    StrongRobert

    I am not sure what a PRT chart is I apologize.

     

    So based on the indicator description as this is a preloaded indicator in pro real time is this possible?

     

    05/23/2020 at 6:56 PM #132978
    StrongRobert

    That is what I was trying to get at but I was told that was not possible. How is it getting data from another chart index or chart or pair?

     

    Thank You

    Robert Strong

    05/23/2020 at 7:11 PM #132981
    Vonasi

    I don’t think that the RS (compared) indicator is one that can be CALLed because it is not possible to call it with a ticker identity – so it is not possible to use the result from it in a strategy unfortunately.

    05/23/2020 at 7:24 PM #132982
    StrongRobert

    I apologize if I am not understanding or detailing my interests in a way that makes sense.

     

    I’m not interested in the results of the indicator or the indicator. I’m only interested in its apparent ability to get data from another currency pair set and how it could be doing that?

     

     

    05/23/2020 at 8:08 PM #132987
    GraHal
    StrongRobert wrote:

    I apologize if I am not understanding

    It’s okay … I’m not understanding now either! 🙂

    I cant even see / get RS Comparison … is it V11 only Vonasi??

    05/23/2020 at 10:54 PM #132997
    Vonasi

    No – it is on v10.3

    05/25/2020 at 8:42 AM #133120
    GraHal
    StrongRobert wrote:

    in its apparent ability to get data from another currency pair set and how it could be doing that?

    IG has the data for another currency pair and so PRT is using that data for the other currency pair to compare whatever Instrument we put in the top Chart … attached I am comparing DJI to DAX.

    Thank You … in trying to help you (apologies for my misinformation about RS) I have found out something new! 🙂

    05/25/2020 at 9:06 AM #133123
    GraHal
    GraHal wrote:

    apologies for my misinformation about RS

    I’ll correct myself … what I originally said was correct as we can’t call Relative Strength in an Auto-System as it doesn’t appear in the List.

    RSI yes but not RS … see attached.

    1 user thanked author for this post.
    avatar StrongRobert
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