Use Relative Strength Comparison in Indicator

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  • #125299 quote
    Suttechr
    Participant
    New

    Hi all,

    I want to creat an indictor that is based on a ratio line between my security and a benchmark (e.g. Apple / S&P 500).

    Is there a way to import a benchmark in an indicator Code? Lets say i want to see the moving average of the ratio below the normal Price chart.

    I wanted to start with an indicator but the end goal would be to have a screener.

    Thanks for any help!

    Christian

    #125390 quote
    Nicolas
    Keymaster
    Master

    You can use the “relative strength (comparison)” indicator available as a default one in the indicators list of the platform. Just select it and choose the instrument to compare (the denominator).

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Use Relative Strength Comparison in Indicator


ProBuilder: Indicators & Custom Tools

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This topic contains 1 reply,
has 2 voices, and was last updated by Nicolas
5 years, 10 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 04/08/2020
Status: Active
Attachments: No files
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