RS

Utility methods for Relative Strength analysis
This is the first library test publication with ratio() method. More functions will be added.
ratio(symbol, benchmark) Simple ratio of symbol vs benchmark
Parameters:
- symbol: to be compared
- benchmark: to be compared
Returns: ratio of symbol to benchmark
Utility methods for Relative Strength analysis
ratio(symbol, benchmark) Simple ratio of symbol vs benchmark
Parameters:
- symbol: to be compared
- benchmark: to be compared
Returns: ratio of symbol to benchmark
spread(symbol, benchmark) Simple spread of symbol vs benchmark
Parameters:
- symbol: to be compared
- benchmark: to be compared
Returns: spread of symbol to benchmark
join(symbol, benchmark) Simple add of symbol and benchmark
Parameters:
- symbol: to be compared
- benchmark: to be compared
Returns: join of symbol to benchmark
atOffset(symbol, benchmark, offset1, offset2) Relative strength comparison between two offsets
Parameters:
- symbol: to be compared
- benchmark: to be compared
- offset1: starting offset, must be greater than offset 2
- offset2: starting offset, must be less than offset 1, default is current candle
Returns: performance in percentage between the 2 offset. A value greater than 0 indicates outperformance, less than 0 indicates underperformance
equilibriumPrice(symbol, benchmark, offset) Equilibrium price - The price as per today's symbol and benchmark close, that will make the symbol to perform equal to benchmark
Parameters:
- symbol: to be compared
- benchmark: to be compared
- offset: to measure under/out performance
Returns: Price - This is the price if achieved will make the symbol perform equally w.r.t. benchmark on the offset bar
thresholdCrossed(symbol, benchmark, offset, threshold) Relative Strength performance crossed over/under specified threshold
Parameters:
- symbol: to be compared
- benchmark: to be compared
- offset: to measure under/out performance
- threshold: threshold set for alert
Returns: 1/0/-1. 1 - crossover, 0 - no signal, -1 crossunder
Utility methods for Relative Strength analysis
ratio(symbol, benchmark) Simple ratio of symbol vs benchmark
Parameters:
- symbol: to be compared
- benchmark: to be compared
Returns: ratio of symbol to benchmark
spread(symbol, benchmark) Simple spread of symbol vs benchmark
Parameters:
- symbol: to be compared
- benchmark: to be compared
Returns: spread of symbol to benchmark
join(symbol, benchmark) Simple add of symbol and benchmark
Parameters:
- symbol: to be compared
- benchmark: to be compared
Returns: join of symbol to benchmark
atOffset(symbol, benchmark, offset1, offset2) Relative strength comparison between two offsets
Parameters:
- symbol: to be compared
- benchmark: to be compared
- offset1: starting offset, must be greater than offset 2
- offset2: starting offset, must be less than offset 1, default is current candle
Returns: performance in percentage between the 2 offset. A value greater than 0 indicates outperformance, less than 0 indicates underperformance
equilibriumPrice(symbol, benchmark, offset) Equilibrium price - The price as per today's symbol and benchmark close, that will make the symbol to perform equal to benchmark
Parameters:
- symbol: to be compared
- benchmark: to be compared
- offset: to measure under/out performance
Returns: Price - This is the price if achieved will make the symbol perform equally w.r.t. benchmark on the offset bar
thresholdCrossed(symbol, benchmark, offset, threshold) Relative Strength performance crossed over/under specified threshold
Parameters:
- symbol: to be compared
- benchmark: to be compared
- offset: to measure under/out performance
- threshold: threshold set for alert
Returns: 1/0/-1. 1 - crossover, 0 - no signal, -1 crossunder
delaCRSAndPrice(symbol, benchmark, offset1, offset2) Return the percentage outperformance of the ratio from offset1 to offset2 along with percentage symbol price change
Parameters:
- symbol: to be compared
- benchmark: to be compared
- offset1: starting offset, must be greater than offset 2
- offset2: starting offset, must be less than offset 1, default is current candle
Returns: deltacrs deltaprice as a 2 element array
Utility methods for Relative Strength analysis
ratio(symbol, benchmark) Simple ratio of symbol vs benchmark
Parameters:
- symbol: to be compared
- benchmark: to be compared
Returns: ratio of symbol to benchmark
spread(symbol, benchmark) Simple spread of symbol vs benchmark
Parameters:
- symbol: to be compared
- benchmark: to be compared
Returns: spread of symbol to benchmark
join(symbol, benchmark) Simple add of symbol and benchmark
Parameters:
- symbol: to be compared
- benchmark: to be compared
Returns: join of symbol to benchmark
atOffset(symbol, benchmark, offset1, offset2) Relative strength comparison between two offsets
Parameters:
- symbol: to be compared
- benchmark: to be compared
- offset1: starting offset, must be greater than offset 2
- offset2: starting offset, must be less than offset 1, default is current candle
Returns: performance in percentage between the 2 offset. A value greater than 0 indicates outperformance, less than 0 indicates underperformance
equilibriumPrice(symbol, benchmark, offset) Equilibrium price - The price as per today's symbol and benchmark close, that will make the symbol to perform equal to benchmark
Parameters:
- symbol: to be compared
- benchmark: to be compared
- offset: to measure under/out performance
Returns: Price - This is the price if achieved will make the symbol perform equally w.r.t. benchmark on the offset bar
thresholdCrossed(symbol, benchmark, offset, threshold) Relative Strength performance crossed over/under specified threshold
Parameters:
- symbol: to be compared
- benchmark: to be compared
- offset: to measure under/out performance
- threshold: threshold set for alert
Returns: 1/0/-1. 1 - crossover, 0 - no signal, -1 crossunder
deltaCRSAndPrice(symbol, benchmark, offset1, offset2) Return the percentage outperformance of the ratio from offset1 to offset2 along with percentage symbol price change
Parameters:
- symbol: to be compared
- benchmark: to be compared
- offset1: starting offset, must be greater than offset 2
- offset2: starting offset, must be less than offset 1, default is current candle
Returns: deltacrs deltaprice as a 2 element array
Libreria Pine
In pieno spirito TradingView, l'autore ha pubblicato questo codice Pine come libreria open-source in modo che altri programmatori Pine della nostra comunità possano riutilizzarlo. Complimenti all'autore! È possibile utilizzare questa libreria privatamente o in altre pubblicazioni open-source, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento.
Declinazione di responsabilità
Libreria Pine
In pieno spirito TradingView, l'autore ha pubblicato questo codice Pine come libreria open-source in modo che altri programmatori Pine della nostra comunità possano riutilizzarlo. Complimenti all'autore! È possibile utilizzare questa libreria privatamente o in altre pubblicazioni open-source, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento.