Relative Strength Comparison compares a security's price change with that of a "base" security or index. You can change the "base" security from the indicator settings. You can compare: - Stock to other stock - Stock to the benchmark index - One index to another index
This 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...
Relative 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...
Hi 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...
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 and length of period to compare with the current symbol. 4. No need to add multiple indicators for same purpose. Thanks, Yogesh
It measures the Relative strength of Indian Stocks vs NIFTY Index
// 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...
Adaptive Relative Strength shows a line of relative strength with a moving period in relative to Nifty 500 for Indian Market, by default its 45 days but you can change as per your need or change relative symbol as per your need.
This 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...
Relative Strength Comparison with automatic selection of relevant index Added support for most european and north american exchanges.
The Momenta RSI Indicator was created by William Blau (Stocks & Commodities V. 9:5 (202-205)) and is a variation of the classic RSI using his Momenta Indicator formula. I have color coded everything to make it very easy to determine buy and sell signals. Let me know if you would like to see me write scripts for other indicators!
Relative Strength: Description: Strength Indicator is strength wrt other security. How to USE: After applying indicator , you can specify with which security you want to compare for eg: default is set to NSE:NIFTY you can change to anything such as APPL,SPX,HDFC etc.. Apart from Relative Strength , I have added some colour codes to the ratio line in order to...
If you are desperately looking for a novel RSI, this isn't that. This is another lesser known novel species of indicator. Hot off the press, in multiple stunning color schemes, I present my version of "Relative Strength (RSMK)" employing PSv4.0, originally formulated by Markos Katsanos for TASC - March 2020 Traders Tips. This indicator is used to compare...
So my goal here was to combine all of my RSI ideas into a single indicator in order to make kind of a "Swiss Army Knife" version of the Relative Strength Index...
This indicator was designed to compare relative price momentum across multiple related/unrelated symbols, maximum of 10. Each symbol's momentum/trend is determined by price movement and custom weighted moving averages. You can use this indicator to determine changing trends by looking at correlated leading symbols. Description of Input Parameters: Dark theme:...
The Price Relative indicator compares the performance of one security to another with a ratio chart. This indicator is also known as the Relative Strength indicator or Relative Strength Comparative. Often, the Price Relative indicator is used to compare the performance of a stock against a benchmark index, S&P 500, BIST:XU100 etc. Chartists can also use the...
This indicator was designed to compare relative price momentum across multiple related/unrelated symbols, maximum of 6. Each symbol's momentum/trend is determined by price movement and custom weighted moving averages. You can use this indicator to determine changing trends by looking at correlated leading symbols. Description of Input Parameters: Dark theme:...
🧬dRSI Signals Internal Beta Test by Cryptorthyhms Test release, for internal testing only. Debut release soon! Thank you all for your patience!