Relative Strength Indicator with n bars ago

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12/04/2023 at 7:31 PM #224852 quote

domino
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Hi, I am testing relative strength indicators available in PRT.V12. I found two of them: Mansfields’ Relative Strength and Relative strength (Comparison).

Based on my testing, Mansfields one will give the average ratio (stock / index) of last n bars, while Comparison one will give ratio difference between current bar to last bar (diff = ratio(t) – ratio (t-1)).

I would like to check if it is possible to set Relative strength (Comparison) calculation to previous n bar instead of last bar ? (e.g If I want to compare the performance of 5 bars ago diff = ratio(t) – ratio (t-5))

Or if this can be achieved using PRT custom code?

Any help and advices are appreciated.

Thank you.

12/05/2023 at 8:42 PM #224903 quote

JS
Participant

Senior

Hi @domino
The code of these internal indicators is not public…

In principle, comparing instruments is not possible (for us) in ProRealCode…

There are some possibilities in ProScreener using “EquityFrame”…

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Relative Strength Indicator with n bars ago

ProBuilder: Indicators & Custom Tools

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domino @domino Participant

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

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	12/04/2023
Status:	Active
Attachments:	No files

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