Conditionally Format Cell Using Absolute Values And Relative Cell References?

Below is my code which isn't formatting the cells it's suppossed to. It looks like it isn't doing anything. I think the issue might be with the highlighted section of my code, but when I go to "Manage" my rules for conditional formatting, excel references the appropriate cell under the "Applies to" section. I am using relative cell references for for the majority of the rest of the code and this section follows a section that selects the correct cell for this conditional format.

Code:
Selection.FormatConditions.Add Type:=xlExpression, Formula1:="=""ABS()>.005"""
Selection.FormatConditions(Selection.FormatConditions.Count).SetFirstPriority[code].....