Using Relative Strength To Outperform The Market

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The importable AIQ EDS file based on Markos Katsanos’ article in the March 2020 issue of Stocks & Commodities, “Using Relative Strength To Outperform The Market,” can be obtained on request via email to info@TradersEdgeSystems.com. The code is also available below.

I coded the indicator described by Katsanos in his article. Figure 5 shows the RSMK indicator with a 90-bar length on a chart of Fire Eye (FEYE). The trading system is also coded.

!USING RELATIVE STRENGTH TO OUTPERFORM THE MARKET !Author: Markos Katsanos, TASC March 2020 !coded by: Richard Denning, 01/13/2020 !www.TradersEdgeSystems.com !RSMK (Relative Strength) Indicator !Copyright Markos Katsanos 2020 
C is [close]. 
RSBARS is 90.   
SK is 3.  
SEC2 is tickerudf("SPY",C).   

!RSMK: 
RSMK is expavg(ln(C/(SEC2))-ln(valresult(C/(SEC2),RSBARS)),3)*100. 

!RSMK System: 
Buy if RSMK > 0 and valrule(RSMK<0,1) and hasdatafor(200) >= 150. 
Sell if {position days} >= 9*21.
Sample Chart

FIGURE 5: AIQ. The RSMK indicator is shown on a chart of FEYE during 2018 and 2019.

—Richard Denning
info@TradersEdgeSystems.com
for AIQ Systems