Find stocks with RSL: Relative Strength (Levy) > 120

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Dear Pete, I would like to scan for titles with a relative strength according to Levy (RSL: https://www.tradesignalonline.com/lexicon/view.aspx?id=408&se=levy), meaning current price divided by moving average of the last 27 weeks, bigger than 120. Do you know how to do that? Thanks for your help. Best regards, JP

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Posted by (Questions: 2, Answers: 0)
Asked on January 5, 2019 1:42 pm
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Once again I need to make a change to your question title. Please compare the new title that I have provided to your original title: “Low to scan for titles with RSL relative strength according to Levy 120”. Less is more. Try to avoid using redundant or unneeded words and be brief but precise.

I will review this request later.

( at January 6, 2019 10:03 am)
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To build your scan, add this code to a new study filter and set its time frame to Weekly.

def rsl = close / Average(close, 27);
plot scan = rsl > 120;

 

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Posted by (Questions: 37, Answers: 4118)
Answered on January 10, 2019 4:37 pm
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Thanks Pete. It seems not to work for me (no stocks found) even though I changed rsl to 100 or even to 90. I’ll try again end of the week and let you know. JP

( at January 16, 2019 12:59 pm)
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