OPEN-SOURCE SCRIPT
Hidden Relative Strength [ST]

**Hidden Relative Strength [ST]** is a professional Relative Strength indicator inspired by institutional trading logic (SMB Capital concepts).
It is designed to uncover "Hidden Accumulation" by comparing a stock's performance against a benchmark (SPY/QQQ), but with a crucial mathematical twist: **ATR Normalization**.
### 🧩 The Problem with Standard RS
Most Relative Strength indicators simply divide Stock Price by Index Price (`Stock / SPY`).
* **The Flaw:** High-beta stocks (like TSLA or NVDA) are naturally more volatile. In a standard ratio chart, this volatility is often mistaken for strength, generating false signals just because the stock moves faster than the index.
### 💡 The Solution: ATR Normalization
This indicator levels the playing field by normalizing price movement based on volatility.
* It calculates how many "ATRs" the stock moved versus how many "ATRs" the benchmark moved.
* **Formula:** `(Stock Change / Stock ATR) - (Benchmark Change / Benchmark ATR)`
* The result is accumulated into a single Dark Blue trend line.
### 📚 How to Use (The "Down Day" Scanner)
This tool shines when the broad market is weak.
1. **Market Sell-Off:** Look for days when the SPY/QQQ is dropping (Red Day).
2. **Divergence:** If the **Hidden RS [ST]** line is rising or holding flat while the market drops, it reveals a hidden institutional bid.
3. **Action:** Add these stocks to your priority watchlist. They are often the first to explode higher once market pressure lifts.
### ⚙️ Standardization [ST]
* **Fast Reaction:** Uses a default 5-period ATR (Simple Moving Average) to capture shifts quickly, matching the SMB "Fast" logic.
* **Visuals:** Features a clean Dark Blue line with an optimized Y-axis scale (10x multiplier) for easy reading of daily changes.
* **Benchmark:** Defaults to **QQQ** (Nasdaq), but can be changed to SPY or IWM in settings.
---
*Disclaimer: This tool is for educational purposes and technical analysis assistance only. Always manage your risk.*
It is designed to uncover "Hidden Accumulation" by comparing a stock's performance against a benchmark (SPY/QQQ), but with a crucial mathematical twist: **ATR Normalization**.
### 🧩 The Problem with Standard RS
Most Relative Strength indicators simply divide Stock Price by Index Price (`Stock / SPY`).
* **The Flaw:** High-beta stocks (like TSLA or NVDA) are naturally more volatile. In a standard ratio chart, this volatility is often mistaken for strength, generating false signals just because the stock moves faster than the index.
### 💡 The Solution: ATR Normalization
This indicator levels the playing field by normalizing price movement based on volatility.
* It calculates how many "ATRs" the stock moved versus how many "ATRs" the benchmark moved.
* **Formula:** `(Stock Change / Stock ATR) - (Benchmark Change / Benchmark ATR)`
* The result is accumulated into a single Dark Blue trend line.
### 📚 How to Use (The "Down Day" Scanner)
This tool shines when the broad market is weak.
1. **Market Sell-Off:** Look for days when the SPY/QQQ is dropping (Red Day).
2. **Divergence:** If the **Hidden RS [ST]** line is rising or holding flat while the market drops, it reveals a hidden institutional bid.
3. **Action:** Add these stocks to your priority watchlist. They are often the first to explode higher once market pressure lifts.
### ⚙️ Standardization [ST]
* **Fast Reaction:** Uses a default 5-period ATR (Simple Moving Average) to capture shifts quickly, matching the SMB "Fast" logic.
* **Visuals:** Features a clean Dark Blue line with an optimized Y-axis scale (10x multiplier) for easy reading of daily changes.
* **Benchmark:** Defaults to **QQQ** (Nasdaq), but can be changed to SPY or IWM in settings.
---
*Disclaimer: This tool is for educational purposes and technical analysis assistance only. Always manage your risk.*
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.