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RS Rank Explorer for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
amibroker, exploration
The RS Rank is computed by taking the average of a long-term price change with a short term price change.
Indicator / Formula
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Filter = C > 5 AND V>100000; RS_Rank = (((C - Ref(C,-63))/Ref(C,-63) *.4 + (C - Ref(C,-126))/Ref (C,-126) * .2 + (C - Ref(C,-189))/Ref(C,-189) *.2 + (C-Ref(C,-252))/Ref (C,-252) * .2)) * 100; AddColumn(C,"Close",1.0); AddColumn(RS_Rank, "RS_Rank",1.0); SetSortColumns ( -4, 1);
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this is just ROC. you could have simply written roc instead of writing lengthy ref lines…