Relative Strength, not RSI

[deepfoo_1]

Although there are studies available to let us do one form of Relative Strenth analysis (one which produces a ratio line as a non-price study) the preferred form would be more as is already available with the symbol overlay analytics in regualr charts already in the eSignal package.

The reason I am asking that this functionality be duplicated is that the only reason at this point for my still using the normal charts is to do this type of overlay.

Now, here is the thing. Clearly you already have a model for implemnetaion, which allows both stocks in question to have ratio lines overlayed.

However an even better means of doing so would be to allow the left and right scales of the chart to show the correct respective price data for each line. Metastock for one lets you do this.

[JayF]

This is something on our list to add to eSignal. We hope to have this added in either 7.4 or 8.0 which are due out later this year.

[dschram]

RS price study

So can relative strength be plotted as a price study on an advanced chart? Preferably, it should be able to be plotted on a PnF chart. I saw some efs code related to RS on another thread, but not sure if it could be used on a PnF chart.

[ACM]

David
What "relative strength" are you referring to? The relative strength chart mentioned in the initial message of this thread is actually a percentage chart (see image) which may not be what you are looking for.



If you mean the ratio between two (or more) securities plotted in the price window using one of the available chart types then that is possible (see image below). Just type the ratio as you would a symbol or use the Spread Symbol Settings function (available in the Tools) menu. For more information on how to create spreads see this article in the eSignal KnowledgeBase.
Alex

[dschram]

Alex,

Thanks very much. I was referring to an RS calculation (1000 * price / index). It is working for me.

David