Here is an example with a simple ranking system:
Transaction Weight RSI and RelVola
From the universe S&P 500 10 stocks are bought whose Weight RSI and RelVola are the highest. For me personally the RSI is more important than the RelVola, so I would weight the RSI with 80% and the Vola with 20%.
Is something like this possible?
Transaction Weight RSI and RelVola
From the universe S&P 500 10 stocks are bought whose Weight RSI and RelVola are the highest. For me personally the RSI is more important than the RelVola, so I would weight the RSI with 80% and the Vola with 20%.
Is something like this possible?
Rename
Sure it's possible. It would require a new custom indicator that is calculated based on the RSI and the RelVol with your weightings.
But the RSI and the RelVol don't have the same min/max range, and also the RelVol is not bounded to a particular range.
So the first step would be the decide how to transform the RelVol so it fits within the RSI range.
Once that's decided you could create the custom indicator and then use it in a Rotation Strategy or anywhere else.
But the RSI and the RelVol don't have the same min/max range, and also the RelVol is not bounded to a particular range.
So the first step would be the decide how to transform the RelVol so it fits within the RSI range.
Once that's decided you could create the custom indicator and then use it in a Rotation Strategy or anywhere else.
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