Description:
RSIC compares two sets of bars and populates an array with relative
strength results. Bars b1 is compared to bars b2, with b2 being the base for comparison.
For example, to compare AAPL to the SP500, you would populate b1 with AAPL data
and b2 with SP500 data.
The resultant array would indicate how well AAPL is performing relative to the SP500.
((b1.closei / b2.closei) - (b1.closei-n / b2.closei-n)) / (b1.closei-n / b2.closei-n)
Parameters:
BarsBack Period with which to base the Relative Strength calculation.
Arguments:
OHLC of the Time Frame, or an
Output Indicator of a study in the TimeFrame
Symbol - A valid symbol is the control series which is compared against
all the other symbols currently being scanned
Output Indicators:
RSIC
Example:
Study Name Expanded in a 3 minute timeframe:
I3_RSIC(10)(#SPX#)_I3
This study calculates a RSIC with a period of 10 on the 3 minute time frame, using
#SPX# as the control symbol(#SPX# is the Stormtracker symbol for S&P 500 Index).
The output indicators names are appended to the studyname,
that is if the studyname is sn1 then
the outputindicator is
sn1::RSIC
