skourdes

New High RS

242 0 17
- Add a 26-week moving average to the New High RS             ( Relative Strength ) Indicator

Buy when indicator > MA
Sell when indicator < MA

- The absolute value of the indicator means nothing. The position relative to the MA is what we trade.
Remove from Favorite Scripts Add to Favorite Scripts
study("New High RS")
newHighRS = close / highest(close,52)
plot(newHighRS, color=green)
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