OPEN-SOURCE SCRIPT
Relative Strength Comparison (RSC) Indicator Signals
Updated
This Relative Strength Comparison (RSC) indicator overlays a simple moving average (SMA) of the prior days values and changes color when the RSC crosses above and below that value as an indicator with bearish and bullish signals in comparison to another symbol.
Release Notes
Fixed a major calculation error in the RSC formula. It was an indicator, and it definitely seemed to provide some value, but it was not doing what I intended for it to do.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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