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Relativestrength

RS.ROC | Relative Strength - Rate of Changes - 4CR CUPFor completeness of Relative Strength studies, the Relative Strength based on rate of changes (ROC) with weighting is coded and presented as well. The RS.ROC is similar to the formulation of RS by IBD before rank among all the stocks in the market. The lookback period is relaxed for customizing. Once you set the total lookback period, representing the 4Q, in the indicator, the other shorter lookback periods will be auto-calculated, namely, 1Q, 2Q, 3Q. A simple moving average of the RS.ROC is also added for your easier analysis on the trend development of the strength. To use it later at your charting later, 1. Favorite it; 2. Select from your favorite list.
Pine Script™ indicator
by earnSmartAlgorithm
3
TraderLion's Relative Strength LineRelative Strength Line Introduction The script adds a line/candlestick to your charts that shows how well a stock is acting relative to the Index. We call this Relative Strength Line. Relative Strength ( RS ) separates leading stocks from laggards. Stocks showing RS during a market correction phase will often be the strongest movers once the general market is ready to cooperate. Instructions on How To Add this Script to Your TradingView Charting Platform Step 0: Head over to www.tradingview.com Step 1: Add “TraderLion's Relative Strength Line” to your Favorites by clicking “Add to Favorite Scripts” near the bottom of the page. Step 2: Click “Indicators” at the very top on TradingView. Under Favorites click “Relative Strength Line” Step 3: Hover on the Indicator name ( Relative Strength Line) on your plot under legend and click the three dots at the very right. Under the “Pin To Scale” choose a setting that works best for you (optional). Step 4: Done. You have now plotted the Relative Strength Line Features 1) The Pink Dot symbolizes the RS Line reaching new highs before price. RS New Highs Before Price (RSNHBP) is often indicative of a break out emerging. 2) Direction-Based Relative Strength. The RS Line can be customized to color coat depending on its most recent direction. When the line moves up it will be blue, and on the way down pink. Easily glance and see phases of relative strength on the chart. 3) Raw RS Rating - The RS Line Script features an RS Rating from 1-99 with 99 being the strongest rating. The measures the stock’s performance relative to the Index you input. 3) Custom Index Input under Settings - requested feature! 4) Candlestick Relative Strength - A different unique way to view the Relative Strength Line 5) Alerts Conditions - Relative Strength New Highs and Relative Strength New Highs Before Price (RSNHBP)
Pine Script™ indicator
by TraderLion
180
RS Line - Gauge Performance vs IndexOverview: This implementation of the RS Line mimics how Investor's Business Daily and CANSLIM investors measure growth stock performance versus the S&P 500. If you are looking at a weekly chart, the RS Line is the performance of the stock over the past week versus the S&P 500 over that same time frame. The same logic applies to the daily and monthly charts, only the time frames are different. If a stock moves up for the day/week/month and the S&P 500 does not, the RS Line will move up. If a stock ends the day/week/month flat, yet the S&P 500 moves up, the RS Line will go down. Usage: - Look for an upward sloping line. - The steeper the line, the better. - Can be used for viewing long-term trend.
Pine Script™ indicator
by JohnMuchow
99
Non-Rescaled RSI█ OVERVIEW Relative Strength Index is a momentum oscillator developed by J. Wilder. The original version of RSI rescaled the relative strength measurement to range. While the rescaling is useful for readability, This non-rescaled version tells the exact average relative strength of the movement for the past period, and give another way to put the relative strength reading into context of current market condition. █ Description & How To Use 1. The (+/-) in relative strength value indicates the direction Example 1: Relative Strength of 2.33 means average gain is 2.33 bigger than average loss for the past period (Equivalent to RSI 70) Example 2: Relative Strength of -2.33 means average loss is 2.33 bigger than average gain for the past period (Equivalent to RSI 30) Example 3: Relative Strength of 0 means average gain is equal to average loss for the past period (Equivalent to RSI 50) Look at comparison below: 2. You can use it exactly how you would use RSI: Overbought/Oversold state, Divergence, Trend identification, Failure Swings etc.. █ Features - Overbought/Oversold line still maintainable as standard RSI level (70,30) in user input screen. The script will recalculate and plot the ob/os level accordingly - Value Label to indicate the RSI and RS value - Custom Gradient Color Scheme █ Limitation The Relative Strength absolute value is capped at 20 to avoid ratio value too big(or too small). This is enough to get accurate equivalent of RSI reading between 5-95 █ Disclaimer Past performance is not an indicator of future results. My opinions and research are my own and do not constitute financial advice in any way whatsoever. Nothing published by me constitutes an investment/trading recommendation, nor should any data or Content published by me be relied upon for any investment/trading activities. I strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.
Pine Script™ indicator
by fareidzulkifli
4
RSI HistogramThis an experiment to visualise the famous RSI indicator within a Histogram. Opposed to regular RSI this RSI is plotted into a Histogram and uses different scales (100 to -100), in addition it has the ability to smooth the RSI with various moving averages like HMA, JMA and KAMA. About RSI: The RSI measures recent performance of a given stock against its own price history performance, by combining the average gain or loss a particular security owns over a predetermined time period.  Bars can be colored in Settings (Disabled by default) Enjoy and like if you like :)
Pine Script™ indicator
by dman103
7
Percentage Relative StrengthA relative strength indicator that compares your main symbol (one on your chart) strength to another symbol by percentage. The result is plotted as a histogram showing which symbol is rising or falling more in percentage. In case your chart symbol is TSLA (Tesla) and the indicator 'Symbol to compare' is SPX: GREEN area (above zero) means TSLA is rising more than the SPX. RED area (below zero) means TSLA is falling more than the SPX. To these who wants to understand calculation, it's pretty straightforward. For each asset we calculate everyday percentage change based on previous close and current close. We take main asset (chart symbol) percentage and subtract it from percent of change of the symbol we want to compare to. Result are smoothed by SMA (Simple Moving Average) You can select different indexes or cfds such as S&P500 (SPX), NASDAQ 100 (NSX), RUSSELL 2000 (RUT) and NASDAQ (IXIC). Default is S&P 500 (SPX). Enjoy and Like if you like.
Pine Script™ indicator
by dman103
20
Simple PVT Strength Spotter™TradeChartist Simple PVT Strength Spotter is a modified version of Price Volume Trend visualised using Relative Strength and helps spot price trends using visually engaging and appealing PVT Strength Oscillator plot and background. The Bull and the Bear background fills are highly useful for traders who like to visually understand areas of entry/exit based on PVT Strength and Oscillator Highs and Lows help spot Bull and Bear Divergences. =================================================================================================================== What does Simple PVT Strength Spotter do? Plots PVT Strength with visually engaging colours for Bull and Bear zones (Green and Red). Plots PVT Strength coloured bars on main chart based on user preferred Upper and Lower PVT Strength bands (Default - 5/-5). Plots PVT Strength based on EMA smoothing (1 for Regular PVT Strength without smoothing). Plots Heikin Ashi PVT Strength if enabled from indicator settings. Plots PVT Strength highs of Bull Zone and PVT Strength lows of Bear Zone. Helps visually spot divergences. =================================================================================================================== Note: Default Settings: 7 period PVT Strength using 5 EMA Smoothing. For Heikin Ashi PVT Strength on normal bars, enable ᴜsᴇ ʜᴇɪᴋɪɴ ᴀsʜɪ PVT Sᴛʀᴇɴɢᴛʜ . Works only on symbols that have Volume data. ===================================================================================================================
Pine Script™ indicator
by TradeChartist
33
Spread ChartThis study does a division ("/") between the ticker to benchmark symbol works for all the time frames. Often referred to as spread charts or ratio charts this is often used to measure the strength and performance of a script v/s a benchmark index. In this study, the comparison is plotted from a fixed reference session. On the current bar, the percentage change of the current ratio to the reference ratio is displayed as a label down icon, rounded to nearest 2 digit float value. There are options to plot either a candle plot or line plot. Line chart can be plot as 2 different color before reference date and after reference date. The reference date can also be changed from the input dialog. In the example above, 03-Jul-2020 is chosen as the reference date. At the latest bar, the "47.73%" displays the percentage difference between ratio on 03-July-2020 and current date, 27-Nov-2020. This means Deepak Nitrate performed 47.73% better than the benchmark NIFTY50 since 03-Jul-2020. Basically, It gives an study that shows the strength or weakness of a ticker in comparison to benchmark symbol.
Pine Script™ indicator
by HB5
16
Adaptive and Static Relative Strength OverlayThis indictor combines adaptive and static relative strengths and displays the strength in a unique colour coding on the bars. With this the one can view the performance of both the relative strengths in one indicator and overlay-ed on the price chart. Adaptive Relative Strength - Date is identified based on market scenarios. It will change based on how the market trends in the future. Static Relative Strength - Date is fixed (123 sessions). Roughly corresponds to 6 months. The (default) colour coding is: If "Both" is selected: ars > 0 and srs > 0 = Blue ars <=0 and srs <= 0 = Maroon Orange otherwise (Any of ars or srs is negative) If "Only ARS" is selected: ars > 0 = Blue Maroon otherwise If "Only SRS" is selected: srs > 0 = Blue Maroon otherwise Additionally the ARS and the SRS will be marked as labels on the bars corresponding to the reference dates. The current ARS and SRS values will be market as label on the last bar. Source can be any valid source, close is selected by default. Default benchmark is "Nifty 50" the NSE Indian benchmark. This can be changed.
Pine Script™ indicator
by bharatTrader
9
Sector/Market Relative StrengthSector/Market Relative Strength Indicator (SMRS) shows in one layout the relative strength of an asset against it's Sector and Market. By default smoothed by EMA, however EMA can be disabled to see spot on strength with 'Relative Strength steps back' set to 1. This indicator is at experimental stage and might be updated soon. Green column: Base asset is stronger than market/sector. Red Column: Base asset is weaker than than market/sector. Bottom line (squares): Green- Sector is stronger than market. Red- Sector is weaker than market. Affected only by Sector and Market symbols that are defined in indicator settings! Notes ------- * Useful only with securities (not forex, cryptocurrencies,etc..) * Market and sectors needs to be defined in indicator settings. For any suggestion/comment write me.
Pine Script™ indicator
by dman103
9
Fixed Reference Ratio ChartThis study does a division ("/") between the ticker to benchmark symbol. It works only on day timeframe. Often referred to as spread charts or ratio charts this is often used to measure the strength and performance of a script vis-a-vis a benchmark index. In this study, the comparison is plotted from a fixed reference session. On the current bar, the percentage change of the current ratio to the reference ratio is displayed as a label down icon, rounded to nearest integer. There are options to plot either a candle plot or line plot. The reference date can also be changed from the input dialog. In the example above, 13-Feb-2020 is chosen as the reference date. Ratios are plotted from this reference date onwards. At the latest bar, the "60%" displays the percentage difference between ratio on 13-Feb-2020 and current date, 09-Sep-2020. This means RELIANCE performed 60% better than the benchmark NIFTY50 since 13-Feb-2020.
Pine Script™ indicator
by bharatTrader
45
Fixed Reference Relative StrengthRelative Strength based on a fixed reference session date. This study works on day timeframe only. The idea here is to "fix" a reference trading session day. The relative strength of subsequent candles are measured based on this reference day only. Relative strengths of bars before this bar is irrelevant and not plotted. As the plotting of the bars advances, the length is automatically adjusted so that the base reference is the "fixed" reference only. The RS value is multiplied by 100 to give a percentage value. The other Relative Strength indicators that I have published (and other Relative Strength scripts generally available on TradingView), generally take a fixed length as input and that has to be advanced each trading session. What this results into is that only the "latest bar" RS is compared to the "reference" session date. All the RS values prior to this latest bar is actually compared to days previous to the reference date. In the example above, we have input 13-Feb-2020 as the "fixed" reference trading session day. Starting from 14-Feb-2020, each session day, we calculate the RS always with respect to 13-Feb-2020, unlike the other scripts. When the RS value of today, 08-Sep-2020 is being calculated, it is using 13-Feb-2020 (as the other scripts do when the length is advanced one day each trading session day). However, when the RS value of 07-Sep-2020 is being calculated today (08-Sep-2020), it is still using 13-Feb-2020 as the reference. In the other scripts, a calculation of RS for 07-Sep-2020 on 08-Sep-2020 would have taken 12-Feb-2020 as the reference value. This plot thus gives the exact performance of the script with respect to the benchmark index from the fixed reference each day. A performance trend is therefore possible to do on this plot.
Pine Script™ indicator
by bharatTrader
10
ElearnMarkets CRSHi Everyone, How it works? 1. With this indicator you can compare any other symbol of index/security with selected symbol. 2. You can compare with three different Indices/symbols. 3. Also you can keep different timeframe to compare with the current symbol. 4. No need to add multiple indicators for same purpose. Feel free to suggest any changes to the indicator. I hope this indicatory could help you achieve what you expect. Thanks, Yogesh
Pine Script™ indicator
by yogeshjc1
4
Real Relative Volume - Line Indicator - Time Adjusted - DE & EN// English description below Die richtige Aktie zu finden, ist nich immer einfach. Eine wichtige Variable bei der Aktienauswahl stellt das relative Volumen dar, welches von vielen erfolgreichen Tradern und Trading Firmen benutzt wird. Stell es Dir so vor: Statt sich das absolute Volumen anzuschauen, schauen wir uns die tatsächliche Stärke an. Wie viel Volumen wird also heute im Vergleich zu einem regulären Tag gehandelt. Dies gibt Aufschluss darüber, ob die Aktie "In-Play" ist. Merke: Ist das RVOL (Relative Volumen) erhöht, sind mehr Marktteilnehmer an dieser Aktie interessiert als üblich. Dies ist besonders dann wichtig, wenn die Marktrichtung und die Richtung der Aktie nicht übereinstimmen. Wenn der Markt steigt, steigen auch die meisten Aktien. Dies kann folglich auch ohne erhöhtes RVOL passieren. Was ist aber, wenn der Markt gegen uns geht? Dann werden wir schnell bei RVOL-schwachen Aktien ausgeschüttelt. Daher wollen wir unseren Fokus immer auf Aktien setzen, die ein erhöhtes relatives Volumen haben! Dies sind die Aktien, die gerade wirklich stark gehandelt werden und wahrscheinlich einen Katalysten dafür haben. Der Real Relative Volume - Line Indicator zeigt Dir das aktuelle relative Volumen an. Unser Algo benutzt dabei das tatsächliche kumulative Volumen des aktuellen Tages zum jeweiligen (aktuellen) Zeitpunkt und vergleicht dieses mit dem historischen Durchschnittsvolumen zum gleichen Zeitpunkt . Damit bekommen wir ein korrektes Abbild der aktuellen Stärke. Mit Hilfe des Indikators können wir ebenfalls sehen, ob diese Stärke zunimmt, gleich bleibt, oder gegebenenfalls schnell and Power verliert. Im Gegensatz zu anderen Skripten nutzen wir eine fortschrittliche Methode, die aktuelle Position am Tag erkennt und damit nicht die Session in gleiche Teile teilt. Vorteil: Der Indikator funktioniert auch in Krypto, Forex, DE-Aktien, Indizes etc. Funktionen: Bitte ohne verlängerte Handelszeiten nutzen! Sessions Back: Verändert die Baseline, die Du mit dem heutigen Volumen vergleichst. Beispiel: 10 - Zur aktuellen Uhrzeit siehst Du das reale relative Volumen von heute in Relation zu den letzten 10 Sessions (zur gleichen Zeit). (*max 5000 Kerzen) Threshold: Stelle eine bestimmte Schwelle ein, bei der Du dich über die TradingView Funktion alarmieren lassen möchtest. T1-4: Stelle unterschiedliche RVOL Werte ein. Use Traffic Color for Line: Die unterschiedlichen T1-4 Werte und Farben werden für das Liniendiagramm genutzt. Dieser Indikator wird häufig mit unserer zweiten Version Real Relative Volume - Bar Indicator - Time Adjusted - DE & EN verwendet. /////// English version Finding the right stock is not always easy. An important variable in stock selection is the relative volume, which is used by many successful traders and trading firms. Think of it like this: Instead of looking at absolute volume, we look at actual strength. So how much volume is traded today compared to a regular day? This gives an indication of whether the stock is "in play". Note: If the RVOL (relative volume) is increased, more market participants are interested in this stock than usual. This is especially important if the market direction and the direction of the stock do not match. If the market rises, most shares will also rise. This can, therefore, happen without an increased RVOL. But what happens if the market goes against us? Then we are quickly shaken out of RVOL-weak stocks. Therefore, we always want to focus on stocks that have an increased relative volume! These are the stocks that are trading really strongly right now and probably have a catalyst for that. The Real Relative Volume - Line Indicator shows you the current relative volume. Our Algo uses the actual cumulative volume of the current day at the respective (current) time and compares it with the historical average volume at the same time . This gives us a correct picture of the current strength. With the help of the indicator, we can also see whether this strength increases, remains the same, or if it loses power quickly. Unlike other scripts, we use an advanced method that recognizes the current position on the day and thus does not split the session into equal parts. Advantage: The indicator also works in crypto, forex, foreign stock markets, indices, and many more. Functions: Please use without extended trading hours! Sessions Back: Changes the baseline that you compare to today's volume. Example: 10 - At the current time you see the real relative volume of today in relation to the last 10 sessions (at the same time). (*max 5000 Bars) Threshold: Set a certain threshold at which you want to be alerted via the TradingView function. T1-4: Set different RVOL values. Use Traffic Color for Line: The different T1-4 values & colors are used for the line plot. This indicator is often used with our second version Real Relative Volume - Bar Indicator - Time Adjusted - DE & EN .
Pine Script™ indicator
by WirmachenTrader
2
Relative CandleThis script visualizes the relative movement of a single OHLC candle compared to an index (or another symbol). The vertical location of the candle indicates the general positive/negative comparison of the bar vs the index. The color of the candle indicates how the candle moved relative to the index. The wick indicates the closing range compared to the index (did the symbol close at lows of the bar while the index closed at highs). The area graph in the background shows the average relative close over a 10-day simple moving average. I use this to pop any behavior that is out of line with the market, whether positive or negative. For example, is a red bar day due to the market pullback or something specific to the stock. Or did the market pull back and the stock did the opposite, strong day!
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Pine Script™ indicator
by drewby4321
17