davidjstapleton
1 posts
msg #149132
- Ignore davidjstapleton |
9/15/2019 6:55:24 PM
Hello
Can someone tell me how the actual formula for CRS works? As an example, how is comparative relative strength(^SPX,50) calculated? If a stock's CRS is 1 in this case, does that mean the price of the stock is the same as the SPX? or is it the 50MA's that are equal? Thanks for the help...
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xarlor
581 posts
msg #149133
- Ignore xarlor |
9/15/2019 7:56:53 PM
https://www.stockfetcher.com/forums/Indicators/Comparative-Relative-Strength/33617
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Mactheriverrat
3,153 posts
msg #149134
- Ignore Mactheriverrat |
9/15/2019 9:38:47 PM
Thanks to KSK8 who came up with the below code for using it on weekly chart-
set{x1, compare with ^SPX}
draw x1 line at 0
set{x2, cma(x1,52)}
draw x2 on plot x1
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