RS Forecast

This tool helps Growth Traders (CANSLIM, Mark Minervini style) answer the critical question: "What percentage does the price need to increase today for the Relative Strength (RS) Line to hit a New High?"

Instead of guessing by looking at the line, this indicator uses reverse engineering to provide the exact percentage distance to the RS breakout.

Key Features: A clean Dashboard overlay that tracks 3 key RS milestones:

+ RS 10 Days: For catching early momentum and Pocket Pivots.

+ RS 50 Days: The benchmark for medium-term strength (Minervini Trend Template).

+ RS New High (250 Days): Confirming Blue Sky breakouts and 52-week highs.

How it works:

Yellow: "Alert Zone" (Price is within 3% of breaking the RS High). Get ready!

Green (BREAK): RS Line has broken out. The stock is outperforming the market.

Gray: Lagging, requires more consolidation.

Settings:

Default benchmark: VNINDEX (Can be changed to SPX, Nasdaq, or any ticker).

Fully customizable table position, colors, and text size.