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Moving Average of Relative Strength System
· To: metastock@xxxxxxxxxxxxx
· Subject: Re: TC2000 Relative Strength Moving Average
· From: Frans Derksen <fjderksen@xxxxxxxxx>
· Date: Thu, 28 Dec 2000 19:55:20 +0100
· In-Reply-To: <007101c070ea$e7b79440$52e442cf@xxxxxxxxxxxxxx>
· References: <3.0.6.32.20001228180817.00799ea0@xxxxxxxxxxx>
· Reply-To: metastock@xxxxxxxxxxxxx
· Sender: owner-metastock@xxxxxxxxxxxxx


Anybody tried using TC2000's new moving average based on relative strength in Metastock?

I developed a good indicator to identify trends in stocks, but TC2000's idea of using a 10 and 30 day moving average of relative strength (vs. SP500,NASDAQ, etc.), works as well or better than mine. Using moving averages basedon the stocks relative strength to a broader market average eliminates marketgyrations from the equation and allows the moving averages to be sensitiveonly to stock performance relative to the index.
I programmed this into Metastockby plotting a relative strength indicator in white (making it invisible onwhite background), and created 2 moving averages based on this indicator(10 and 30 exponential). When the 10-day crosses above the 30 day, this isassumed to be bullish, and you look to be bearish when it crosses back belowthe 30-day line. Obviously, the two moving averages can be any number, but these seem to work well.

I tested this setup on many Nasdaq stocks by programming an expert with my indicators (not TC2000) and comparing the trend changes to mine visually, and saw that they were very similar. My system is very accurate for finding trends, and entry points, so I'm assuming this TC2000 setup is as reliable. I haven't found a way yet to program relative strength into a system test, so if anybody knows how I'd appreciate learning the secret. I usedthe SP-500 as the comparison to Nasdaq stocks because it correlates wellwith the Nasdaq, but isn't as volatile.

My trading system only uses the trend as one piece and several other indicators for entry and exit, but I believe this indicator is as close to perfect for determining trends as you'll find.
Dave D.


Hi David,

I haven't found a way yet to program relative strength into a system test, so if anybody knows how I'd appreciate learning the secret.

Wouldn't it look like this :


Moving Average of Relative Strength System

Enter Long:

Cross( Mov(RSI(14),10,E),Mov(RSI(14),30,E))


Enter Short:

Cross( Mov(RSI(14),30,E),Mov(RSI(14),10,E))

 

e-st-Moving_Average_of_Relative_Strength.gif
Good luck with this nice idea.
Frans

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