2006 Oct: Relative Spread Strength As A Long-Term Cyclic Tool

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RSS.efs, Rapid_RSS.efs  EFSLibrary - Discussion Board
  

File Name: RSS.efs, Rapid_RSS.efs


Description:
These studies are based on the October 2006 article, Relative Spread Strength As A Long-Term Cyclic Tool, by Ian Copsey.


Formula Parameters:
RSS.efs
RS Length: 5
High Band: 80
Low Band: 20
Slow MA Length: 40
Fast MA Length: 10

Rapid_RSS.efs
Length: 14
OverBought: 70
OverSold: 30

Notes:
These formulas require eSignal version 8.0.0 or later. The related article is copyrighted material. If you are not a subscriber of Stocks & Commodities, please visit www.traders.com.

Download File:
RSS.efs
Rapid_RSS.efs






EFS Code:








/***************************************Provided By : eSignal (c) Copyright 2006Description:  Relative Spread Strength               As A Long-Term Cyclic Tool              by Ian CopseyVersion 1.0  08/11/2006Notes:* Oct 2006 Issue of Stocks and Commodities Magazine* Study requires version 8.0 or higher.Formula Parameters:                 Defaults:RS Length                           5High Band                           80Low Band                            20Slow MA Length                      40Fast MA Length                      10***************************************/function preMain() {    setStudyTitle("Relative Spread Strength ");    setCursorLabelName("RSS", 0);    setDefaultBarThickness(2, 0);     setDefaultBarFgColor(Color.red, 0);    var fp1 = new FunctionParameter("nRSLength", FunctionParameter.NUMBER);        fp1.setName("RS Length");        fp1.setLowerLimit(1);        fp1.setDefault(5);    var fp2 = new FunctionParameter("nHband", FunctionParameter.NUMBER);        fp2.setName("High Band");        fp2.setDefault(80);    var fp3 = new FunctionParameter("nLband", FunctionParameter.NUMBER);        fp3.setName("Low Band");        fp3.setDefault(20);    var fp4 = new FunctionParameter("nLenMA2", FunctionParameter.NUMBER);        fp4.setName("Slow MA Length");        fp4.setLowerLimit(1);        fp4.setDefault(40);    var fp5 = new FunctionParameter("nLenMA1", FunctionParameter.NUMBER);        fp5.setName("Fast MA Length");        fp5.setLowerLimit(1);        fp5.setDefault(10);}var bVersion = null;var bInit = false;var xSpread = null;var xRSI = null;var xRSS = null;function main(nRSLength, nHband, nLband, nLenMA1, nLenMA2) {        if (bVersion == null) bVersion = verify();    if (bVersion == false) return;        if (bInit == false) {        addBand(nHband, PS_SOLID, 2, Color.blue, "High");        addBand(nLband, PS_SOLID, 2, Color.blue, "Low");        xSpread = efsInternal("calcSpread", nLenMA1, nLenMA2);        xRSI = rsi(nRSLength, xSpread);        xRSS = sma(5, xRSI);        bInit = true;    }        return xRSS.getValue(0);}var xMA1 = null;var xMA2 = null;function calcSpread(nLen1, nLen2) {    if (xMA1 == null) xMA1 = ema(nLen1);    if (xMA2 == null) xMA2 = ema(nLen2);        var nE1 = xMA1.getValue(0);    var nE2 = xMA2.getValue(0);    if (nE1 == null || nE2 == null) return;        return (nE1 - nE2);}function verify() {    var b = false;    if (getBuildNumber() < 779) {        drawTextAbsolute(5, 35, "This study requires version 8.0 or later.",             Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,            null, 13, "error");        drawTextAbsolute(5, 20, "Click HERE to upgrade.@URL=http://www.esignal.com/download/default.asp",             Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,            null, 13, "upgrade");        return b;    } else {        b = true;    }        return b;}


/***************************************Provided By : eSignal (c) Copyright 2006Description:  Relative Spread Strength               As A Long-Term Cyclic Tool              by Ian CopseyVersion 1.0  08/11/2006Notes:* Oct 2006 Issue of Stocks and Commodities Magazine* Study requires version 8.0 or higher.Formula Parameters:                 Defaults:Length                              14OverBought                          70OverSold                            30***************************************/function preMain() {    setStudyTitle("Rapid RSI ");    setCursorLabelName("CRS", 0);    setDefaultBarThickness(2, 0);     setDefaultBarFgColor(Color.navy, 0);    var fp1 = new FunctionParameter("nLength", FunctionParameter.NUMBER);        fp1.setName("Length");        fp1.setLowerLimit(1);        fp1.setDefault(14);    var fp2 = new FunctionParameter("nOb", FunctionParameter.NUMBER);        fp2.setName("OverBought");        fp2.setDefault(70);    var fp3 = new FunctionParameter("nOs", FunctionParameter.NUMBER);        fp3.setName("OverSold");        fp3.setDefault(30);}var bVersion = null;var bInit = false;var xRapidRSI = null;function main(nLength, nOb, nOs) {        if (bVersion == null) bVersion = verify();    if (bVersion == false) return;        if (bInit == false) {        addBand(nOb, PS_SOLID, 2, Color.blue, "OB");        addBand(nOs, PS_SOLID, 2, Color.blue, "OS");        xRapidRSI = efsInternal("calcRSS", nLength);        bInit = true;    }        return xRapidRSI.getValue(0);}function calcRSS(nLen) {    var nCntr = 0;    var nUpSum = 0;    var nDnSum = 0;    var nRS = 0;    var nCRS = null;        for (nCntr = 0; nCntr < nLen; nCntr++) {        if (close(-nCntr) > close(-(nCntr+1)) ) {            nUpSum += close(-nCntr) - close(-(nCntr+1));        }        if (close(-nCntr) < close(-(nCntr+1)) ) {            nDnSum += close(-(nCntr+1)) - close(-nCntr);        }    }    if (nDnSum != 0) {        nRS = nUpSum / nDnSum;    } else {        nRS = 100;    }    if (getCurrentBarCount() > nLen && nUpSum != nDnSum) {        nCRS = 100 - 100 / (1 + nRS);    } else {        nCRS = 0;    }    return nCRS;}function verify() {    var b = false;    if (getBuildNumber() < 779) {        drawTextAbsolute(5, 35, "This study requires version 8.0 or later.",             Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,            null, 13, "error");        drawTextAbsolute(5, 20, "Click HERE to upgrade.@URL=http://www.esignal.com/download/default.asp",             Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,            null, 13, "upgrade");        return b;    } else {        b = true;    }        return b;}