Relative Strength Levy Classic

Classic RSL
This is the classic indicator "Relative Strength Levy" (RSL), according to Dr. Robert Levy's study, called "The Relative Strength Concept of Common Stock Pricing", which was released as a hardcover book in late 60's of the last century.



Key concept
Use this indicator on various instruments to compare their relative strength: The resulting analysis values ​​will fluctuate around 1
The strongest instruments will have the highest RSL values ​​(above 1) and the weakest instruments will have the lowest RSL values ​​(below 1)

You may want to buy the strongest instruments (highest RSL values) and sell the weakest instruments (lowest RSL values) to follow trends.


Resources
Works on all deadlines
Works for all instruments available in your MetaTrader 5 Market Watch window
The buffer output value is shown in the separate indicator window and the Data window.
The indicator can be used in Expert Advisors using the iCustom () function for automated trading systems.


How Dr. Levy Used RSL
Dr. Levy analyzed 200 US stocks (think S&P 200 shares) on a weekly basis and used the output value of his RSL indicator to rank the strongest stocks (highest RSL values> 1) higher weak (lower RSL) values ​​<1). From this resulting ranking list, he bought the 5% to 7% of the shares with the highest RSL reading. After one week, he reviewed all 200 stocks again and ranked them again according to the RSL reading.

If a stock fell to the bottom 31% of this reclassified list (he called it "Casting Rank"), it sold the stock and then redistributed free capital again in the 5% to 7% of the most recent. ranking. As such, he has always invested in the strongest stocks available and reallocated his capital weekly, according to the RSL ranking list. This is a classic "Momentum" approach and is recommended for medium and long term investors.



Author
Original concept by Dr. Robert A. Levy (1968).
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L’indicatore ACB Breakout Arrows fornisce un segnale di ingresso fondamentale nel mercato rilevando uno specifico pattern di breakout. L’indicatore analizza costantemente il grafico per individuare un momentum stabile in una direzione e fornisce un segnale preciso subito prima del movimento principale. Ottieni lo scanner multi-simbolo e multi-timeframe da qui - Scanner per ACB Breakout Arrows MT5 Caratteristiche principali I livelli di Stop Loss e Take Profit sono forniti automaticamente dall’
Trend Forecaster
Alexey Minkov
5 (7)
The Trend Forecaster indicator utilizes a unique proprietary algorithm to determine entry points for a breakout trading strategy. The indicator identifies price clusters, analyzes price movement near levels, and provides a signal when the price breaks through a level. The Trend Forecaster indicator is suitable for all financial assets, including currencies (Forex), metals, stocks, indices, and cryptocurrencies. You can also adjust the indicator to work on any time frames, although it is recommen
Trend Flow PRO
Aliaksandr Alferchyk
TREND FLOW PRO aiuta a identificare i punti in cui il mercato cambia realmente direzione. L’indicatore evidenzia le inversioni di trend e le aree in cui i principali partecipanti al mercato rientrano. I segni BOS sul grafico rappresentano veri cambi di trend e livelli chiave dei timeframe superiori. I dati dell’indicatore non vengono ridisegnati e rimangono sul grafico dopo la chiusura di ogni candela. Elementi principali dell’indicatore: BOS FLOW – onde di trend e veri cambi di trend. Rappresen
Trade smarter, not harder: Empower your trading with Harmonacci Patterns This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It detects 19 different harmonic pri
Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh
How many times have you bought a trading indicator with great back-tests, live account performance proof with fantastic numbers and stats all over the place but after using it, you end up blowing your account? You shouldn't trust a signal by itself, you need to know why it appeared in the first place, and that's what RelicusRoad Pro does best! User Manual + Strategies + Training Videos + Private Group with VIP Access + Mobile Version Available A New Way To Look At The Market RelicusRoad is the
Meravith AUTO
Ivan Stefanov
5 (1)
Meravith Auto è una versione automatizzata del sistema di trading Meravith. L'indicatore è composto da una linea di tendenza che cambia colore. Quando è rialzista è verde, quando è ribassista è rossa. Questa è la linea di supporto del trend. Una linea di liquidità, dove il volume rialzista è uguale al volume ribassista. Una linea di deviazione rialzista tripla. Una linea di deviazione ribassista tripla. Punti viola e blu che indicano un volume elevato. Il punto viola indica un volume maggiore di
Altri dall’autore
Color Trend
Bruno Goncalves Mascarenhas
Combining the best of Price Action , Directional Movement , and Divergence / Convergence analysis, the Candle Color Trend is the easy and reliable way to identify the direction of the trend. The indicator automatically paints the candles according to the premise that the upward trend is defined by prices that form a series of ascending tops and bottoms. On the other hand, the downward trend is defined by prices that form a series of descending tops and bottoms. Color Trend is certainly one of
FREE
Candle Pattern Scanner
Bruno Goncalves Mascarenhas
Candlestick patterns The candlestick Pattern Indicator and Scanner is designed to be a complete aid tool for discretionary traders to find and analyze charts from powerful candle patterns. Recognized Patterns: Hammer Shooting star Bearish Engulfing Bullish Engulfing Doji Marubozu Scanner Imagine if you could look at all the market assets in all timeframes looking for candlestick signals.
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Aleksandr Tamonin
4109
Aleksandr Tamonin 2021.01.24 15:29 
 

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