V.17:10(463-465): TRADER'S TIPS
Product Description
•TRADESTATION/SUPERCHARTS
This month in Traders’ Tips we look at the MACD of the relative strength (MACD RS) between two instruments. This indicator is fairly easy to recreate in TradeStation’s PowerEditor using the built-in MACD function.
In the EasyLanguage for this indicator, relative strength is calculated first. Once the relative strength value has been obtained, then the MACD function is used to calculate the differential line for Plot1. Both the XAverage and the MACD functions are used in Plot2 for the calculation of the signal line. The suggested format for this indicator is specified after the EasyLangauge.
This month in Traders’ Tips we look at the MACD of the relative strength (MACD RS) between two instruments. This indicator is fairly easy to recreate in TradeStation’s PowerEditor using the built-in MACD function.
In the EasyLanguage for this indicator, relative strength is calculated first. Once the relative strength value has been obtained, then the MACD function is used to calculate the differential line for Plot1. Both the XAverage and the MACD functions are used in Plot2 for the calculation of the signal line. The suggested format for this indicator is specified after the EasyLangauge.
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