RSL (Relative Strength Index by Levy)

[Tomcat8]

Hello,

I am searching for RSL indicator for Esiganl or Tradestation 2000i.
Who can help?

Thank´s

Tomcat

[JayF]

First I have heard of the RSL (Relative Strange Index)... perhaps there was a misspelling? If not, can you provide more information on what you were looking for?

[Tomcat8]

Sorry,

I ment strenght. I think the RSI is from Wilder.
The RSL is from Levy. It´s a different thing.
I found something. I hope it will help.



Relative Strength Index Levy

The Relative Strength Index Levy - technical share key figure The Relative Strength Index Levy is calculated from the current price in relation to a rolling average, e.g. for 5, 20, or 250 days. The resulting value oscillates around 100%. If the result is above 100%, the share drifted positively away from the observed period's rolling average. The share is on a rising trend and vice versa.

http://stocks.onvista.co.uk/lexicon.html?FROM_LETTER=R&ID_DEFINITION=827

http://www.market-maker.de/08.Boerse/02.Indikatoren/

[JayF]

Renaming the thread and moving it to New Study Suggestions as I don't believe this has been written yet for EFS.

[Tomcat8]

Here is the Tradestation code. Can someone make an EFS? Thanks.


input: LenRS(27);
vars: RSL(0);

RSL=Close/(Average(close,LenRS));

plot1(RSL,"RSL");
plot2(1,"1");


Now you see the advantage of Tradestation. One day and I
have the EL code!

Tomcat

[ACM]

Tomcat
Just edit the builtinMA.efs in the Builtin folder, change the value of the MA from 10 to 27 then in the return statement divide the close() by what is already there.
If you also want the reference line at 1 than just insert in preMain() an addBand() command with the appropriate parameters .
Barely a one minute job.
Alex