Code Amibroker Indicators

External Relative Strength (RS) for Amibroker

ERS measures the stock’s price performance relative to all other listed equities. Basically, it measures how well or poorly a stock is performing relative to its’ peers. _SECTION_BEGIN(\”IBD RS RANKING\”);//IBD RS RANKINGRSW = 0.4*ROC(C,65)+ 0.3*ROC(C,130) +0.3*ROC(C,260);Plot(RSW,\”RANKING IBD\” ,colorBrightGreen,styleLine) ;Plot(EMA(RSW,10),\”\” ,colorRed,styleLine|styleDashed|styleNoLabel); BuyIBD=RSW>EMA(RSW,10);SellIBD= RSW<EMA(RSW,10); Filter…

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