Relative Strength Indicator with n bars ago

• 12/04/2023 at 7:31 PM #224852
  domino

  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.

  

  domino

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

  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”…

  1 user thanked author for this post.

  domino

  

  JS

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