Jon Roberts Member Posts: 13 Joined: 12/23/2007 Location: Oklahoma City, OK  User Profile | I have a question about the parameters for the Relative Strength Indicator (RS). According to Indicators and Systems Help, the RS has two parameters, such as RS($SPX,7). When I try to use the RS function in a custom scan, the indicator needs three parameters, such as RS(7,"$SPX",1). I presume the "7" is a moving average of the ratio between the stock's close and the index ($SPX in the examples), but I'm not at all clear what the "1" is for when building a custom scan. Also, when plotting the RS or building a custom scan, my assumption is that I can use any stock symbol (e.g. GLD if I wanted to to a relative strength against GLD) or am I limited to only comparing against an index? Thank you for your consideration. Jon | |
