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Relative Spread Strength by Ian Copsey

Ian Copsey's article in this issue, "Relative Spread Strength," introduces two variations
on the relative strength index (RSI). The formula for these indicators and the instructions for adding them to MetaStock follow.

To enter these indicators into MetaStock:

1. In the Tools menu, select "Indicator Builder."
2. Click New to open the Indicator Editor for a new indicator.
3. Type the name of the formula.
4. Click in the larger window and type in the formula.
5. Click OK to close the Indicator Editor.

Relative Spread Strength

matp1:=10; {short MA time periods}
matp2:=40; {long MA time periods}
RStp:= 5; { time periods in RSI}
RSsmoothtp:=5; { time periods in smoothing of RSI}
plot:= Mov(C,matp1,E)-Mov(C,matp2,E);
change:= ROC(plot,1,$);

--William Golson
MetaStock Support Representative
Equis International (A Reuters Company)
801 265-9998,
Source / From: TOP  

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