Indicator - Relative Strength of Multiple Instruments - TradeStation | futures io social day trading
futures io futures trading


Indicator - Relative Strength of Multiple Instruments
Updated: Views / Replies:1,077 / 6
Created: by rahulgopi Attachments:6

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Indicator - Relative Strength of Multiple Instruments

  #1 (permalink)
Elite Member
milpitas, ca, usa
 
Futures Experience: Intermediate
Platform: Tradestation
Broker/Data: Tradestation, Ameritrade
Favorite Futures: ES, Gold, 10 Yr
 
rahulgopi's Avatar
 
Posts: 1,583 since Feb 2014
Thanks: 1,144 given, 3,525 received

Indicator - Relative Strength of Multiple Instruments

Here is an indicator to plot the relative strength of multiple instruments relative to a base symbol, upto 10 symbols. This can be easily extended to 50, which is the maximum limit in Ts for Data Set.

To use this indicator, insert multiple symbols into the chart and apply the indicator. To have a clear display, set the SubGraph to hidden for all symbols.

Data 1 will be treated as the base symbol, usually input this as SPY. You may use any base symbol.
Configure the total number of inputs to match the symbols inserted in the chart.


TODO : Add labels to the plots.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Attached Files
Register to download File Type: eld RELATIVESTRENGTHMULTI.ELD (14.7 KB, 41 views)
Register to download File Type: tsw RelativeStrength.tsw (240.0 KB, 26 views)

Last edited by rahulgopi; July 26th, 2015 at 11:18 PM. Reason: Attached a workspace in case someone wants to try it
Reply With Quote
The following 5 users say Thank You to rahulgopi for this post:
 
  #2 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: None
Platform: Tradestation, Ninja
Favorite Futures: NQ ES & Equities
 
paps's Avatar
 
Posts: 1,512 since Oct 2011
Thanks: 1,972 given, 1,279 received
Forum Reputation: Legendary

@rahulgopi would this also work with TS 9.1

Reply With Quote
The following user says Thank You to paps for this post:
 
  #3 (permalink)
Elite Member
milpitas, ca, usa
 
Futures Experience: Intermediate
Platform: Tradestation
Broker/Data: Tradestation, Ameritrade
Favorite Futures: ES, Gold, 10 Yr
 
rahulgopi's Avatar
 
Posts: 1,583 since Feb 2014
Thanks: 1,144 given, 3,525 received



paps View Post
@rahulgopi would this also work with TS 9.1

Yes, this is simple enough to work on older versions.

Reply With Quote
The following user says Thank You to rahulgopi for this post:
 
  #4 (permalink)
Elite Member
Washington DC
 
Futures Experience: Beginner
Platform: TradeStation and Sierra
Broker/Data: TradeStation/S5Trading
Favorite Futures: Futures
 
Investorito's Avatar
 
Posts: 54 since Dec 2010
Thanks: 298 given, 60 received


rahulgopi View Post
Here is an indicator to plot the relative strength of multiple instruments relative to a base symbol, upto 10 symbols. This can be easily extended to 50, which is the maximum limit in Ts for Data Set.

To use this indicator, insert multiple symbols into the chart and apply the indicator. To have a clear display, set the SubGraph to hidden for all symbols.

Data 1 will be treated as the base symbol, usually input this as SPY. You may use any base symbol.
Configure the total number of inputs to match the symbols inserted in the chart.


TODO : Add labels to the plots.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

@rahulgopi Thank you so much for sharing. I was looking for a relative strength similar to TS NRSS(see link below) for Sector Rotation. I'm looking forward to test this out.

https://www.tradestation.com/education/labs/analysis-concepts/sector-rotation-spotting-the-turns

Eddie

Reply With Quote
The following user says Thank You to Investorito for this post:
 
  #5 (permalink)
Elite Member
Philadelphia, PA
 
Futures Experience: Intermediate
Platform: Matlab, TradeStation
Favorite Futures: Stocks
 
GoldenRatio's Avatar
 
Posts: 179 since Aug 2012
Thanks: 4,555 given, 225 received


rahulgopi View Post
To use this indicator, insert multiple symbols into the chart and apply the indicator. To have a clear display, set the SubGraph to hidden for all symbols.

@rahulgopi Thank you kindly for sharing!

I am trying to apply the indicator. I set the subgraph for all symbols to hidden but I get an error. If I set the subgraph for Data1 (SPY) to hidden, the indicator disappears? I can hide all the symbols I am comparing to with no issue. I must be making a bonehead error? Any ideas? I don't want to plot SPY due to the scaling difference between it and the indicator.

Reply With Quote
 
  #6 (permalink)
Elite Member
milpitas, ca, usa
 
Futures Experience: Intermediate
Platform: Tradestation
Broker/Data: Tradestation, Ameritrade
Favorite Futures: ES, Gold, 10 Yr
 
rahulgopi's Avatar
 
Posts: 1,583 since Feb 2014
Thanks: 1,144 given, 3,525 received


GoldenRatio View Post
@rahulgopi Thank you kindly for sharing!

I am trying to apply the indicator. I set the subgraph for all symbols to hidden but I get an error. If I set the subgraph for Data1 (SPY) to hidden, the indicator disappears? I can hide all the symbols I am comparing to with no issue. I must be making a bonehead error? Any ideas? I don't want to plot SPY due to the scaling difference between it and the indicator.

Adjust the scaling for the indicator and choose to scale on right axis and subgraph 1. Your current setting is to scale on underlying axis and that is why the plot disappears when you hide SPY.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to rahulgopi for this post:
 
  #7 (permalink)
Elite Member
Philadelphia, PA
 
Futures Experience: Intermediate
Platform: Matlab, TradeStation
Favorite Futures: Stocks
 
GoldenRatio's Avatar
 
Posts: 179 since Aug 2012
Thanks: 4,555 given, 225 received


rahulgopi View Post
Adjust the scaling for the indicator and choose to scale on right axis and subgraph 1. Your current setting is to scale on underlying axis and that is why the plot disappears when you hide SPY.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Thanks so much , that fixed it - duh!

Reply With Quote
The following user says Thank You to GoldenRatio for this post:

Reply



futures io > > > > Indicator - Relative Strength of Multiple Instruments

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Tradestation Relative Strength worswick EasyLanguage Programming 4 June 30th, 2014 03:25 AM
Sorting futures contracts by relative strength stefan416 NinjaTrader 2 November 11th, 2013 10:14 AM
Comparative Relative Strength wtrader MultiCharts 0 March 12th, 2013 03:21 PM
Relative Strength in Ninja Trader oyz79 NinjaTrader 1 October 30th, 2012 01:04 AM
Searching for Mansfield Relative Strength Index Ralph07 NinjaTrader Programming 2 July 20th, 2012 10:31 AM


All times are GMT -4. The time now is 11:30 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.11 seconds with 20 queries on phoenix via your IP 54.227.51.103