Use Relative Strength Comparison in Indicator

Suttechr · Wed, 08 Apr 2020 16:34:58 +0000

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

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Nicolas.

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04/08/2020 at 5:34 PM #125299

Suttechr

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

Suttechr
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04/09/2020 at 10:32 AM #125390

Nicolas

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).

Nicolas
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