Near & Far Relative Strength
Define a near time frame base and a far time frame base to compare the selected symbol RS. This helps in situations were you could keep the far RS length to a fixed value and the near RS length to a more recent "event" in the market and it's subsequent movement.
For example, if the market index has made a recovery from a deep crash 80 sessions ago, set the near RS length to 80 and keep the far RS length to a fixed value say, 123 corresponding to 6 months. This will help you gauge the historical vs the recovery strength of your interested symbol before and after the "event".
For example, if the market index has made a recovery from a deep crash 80 sessions ago, set the near RS length to 80 and keep the far RS length to a fixed value say, 123 corresponding to 6 months. This will help you gauge the historical vs the recovery strength of your interested symbol before and after the "event".
릴리즈 노트:
Added input source for comparison with other source values.
릴리즈 노트:
- Added reference label dates
- Increased line widths of plots
- Changed default values of near and far RS length
릴리즈 노트:
Though there is option added to show color toggle, in a dual RS plot it can become very intimidating to get a clear view when both the RS whipsaw near the zero line. Therefore the option is turned off by default. When enabled, it is recommended to disable one of the plots to get the best effect.
- Added toggle color option on crossovers
- Fixed bug on label display, even when plot option was disabled
Though there is option added to show color toggle, in a dual RS plot it can become very intimidating to get a clear view when both the RS whipsaw near the zero line. Therefore the option is turned off by default. When enabled, it is recommended to disable one of the plots to get the best effect.
릴리즈 노트:
- Plots sequence aligned with input sequence for better clarity in summary info.
릴리즈 노트:
- Possible to set alert
릴리즈 노트:
Crossing => Trigger only when there is a crossover or crossunder
"Greater or Less" => Trigger when the value is less or greater than the threshold
Alert on Candle:
Start => Trigger at the start of the candle formation
Close => Trigger at the end of the candle formation
- Added more flexibility to configuring alerts
Crossing => Trigger only when there is a crossover or crossunder
"Greater or Less" => Trigger when the value is less or greater than the threshold
Alert on Candle:
Start => Trigger at the start of the candle formation
Close => Trigger at the end of the candle formation
릴리즈 노트:
- Changed default ARS length to reflect new ARS date
릴리즈 노트:
- Change default Far Date (96 as of today's date)
- Current CRS color to purple
릴리즈 노트:
- Updated for new ARS Date 16-Feb-2021
릴리즈 노트:
- Pine 5
- Update far length to most recent
릴리즈 노트:
- Default ARS length
릴리즈 노트:
With this feature, however, historical plots of ARS will not be available since the length of ARS will be known only after crossing the ARS date. In essence, ARS plot before the ARS date, doesn't mean anything anyways, since it is comparison of a future price-action on a past date.
Also, I have now renamed, "Near RS" to "Static RS" and "Far RS" to "Adaptive RS". So it is easier to read and mark them on the plots.
- Auto calculation of the ARS length
With this feature, however, historical plots of ARS will not be available since the length of ARS will be known only after crossing the ARS date. In essence, ARS plot before the ARS date, doesn't mean anything anyways, since it is comparison of a future price-action on a past date.
Also, I have now renamed, "Near RS" to "Static RS" and "Far RS" to "Adaptive RS". So it is easier to read and mark them on the plots.
릴리즈 노트:
- New ARS - 3rd Aug 2021
릴리즈 노트:
- New ARS Date - 18th Oct 2021
릴리즈 노트:
- Added manual override of ARS date - It is possible to define the adaptive length manually
릴리즈 노트:
- Change ARS Date to 7th March 2022
릴리즈 노트:
- New ARS Date - 03 June 2022
릴리즈 노트:
- New ARS Date - 13 Sep 2022
릴리즈 노트:
- New ARS Date: 01 Dec 2022
릴리즈 노트:
- New ARS Date: 16 Feb 2023
릴리즈 노트:
- New ARS Date: 20 Jul 2023