IDB Relative strength

Alfy · Wed, 23 Dec 2020 11:40:33 +0000

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)

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

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12/23/2020 at 12:40 PM #154976

Alfy

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?

IDB Relative strength indicator

Trendstrength=(2*close/close[63])+(close/close[126])+(close/close[189])+(close/close[252]) Return(trendstrength)

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Trendstrength=(2*close/close[63])+(close/close[126])+(close/close[189])+(close/close[252])

Return(trendstrength)

Alfy
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12/23/2020 at 1:05 PM #154984

Vonasi

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

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Alfy

Vonasi
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IDB Relative strength

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