//------------------------------------------------------------------------------
//
// Formula Name: The Relative Slope Pivots
// Author/Uploader: Dimitris Tsokakis
// E-mail:
// Date/Time Added: 2002-03-25 04:30:18
// Origin:
// Keywords:
// Level: advanced
// Flags: indicator
// Formula URL: http://www.amibroker.com/library/formula.php?id=181
// Details URL: http://www.amibroker.com/library/detail.php?id=181
//
//------------------------------------------------------------------------------
//
// Definitions:
//
// "RS up pivot" (RSUP) is the population of stocks presenting a bearish
// turning point (bearish pivot)
//
// over a certain (positive) level of their Relative Slope value.
//
// "RS down pivot" (RSDP) is the population of stocks presenting a bullish
// turning point (bullish pivot)
//
// below a certain (negative) level of their Relative Slope value.
//
// The two levels are predetermined and estimated by the Technical Analyst, as
// the levels where the majority of stocks obtained their maximum
// (respectively minimum) Relative slope value.
//
// Observation indicates that an 80% of this level performs well.
//
// In the following code, conditions RS>2 and RS // They may be modified according to market profile.
//
//------------------------------------------------------------------------------
/*RSPIVOTS*/
K=EMA((H+L+C)/3,10);
S1=2*(K-Ref(K,-1))/(K+Ref(K,-1));
RS=100*EMA(S1,3);
s3=RSRef(RS,-2) AND RS>2;
s4=RS>Ref(RS,-1) AND Ref(RS,-1) values9 = s3>0;
values10=s4>0;
AddToComposite(Values9,"~rsuppivot","V");
AddToComposite(Values10,"~rsdownpivot","V");
Buy=0;