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Relative Strength vs SPX This indicator calculates the ratio of the current chart's price to the S&P 500 Index (SPX), providing a measure of the stock's relative strength compared to the broader market. Key Features: Dynamic High/Low Detection: Highlights periods when the ratio makes a new high (green) or a new low (red) based on a user-defined lookback period. Customizable Lookback: The lookback period for detecting highs and lows can be adjusted in the settings for tailored analysis. Visual Overlay: The ratio is plotted in a separate pane, allowing easy comparison of relative strength trends. This tool is useful for identifying stocks outperforming or underperforming the S&P 500 over specific timeframes.
Indicatore Pine Script®
di joshbijari
Relative Momentum Index with Laguerre FilterThe Relative Momentum Index The Relative Momentum Index (RMI) is an oscillator that is a variation of the Relative Strength Index (RSI), but incorporates momentum over a variable lookback period rather than just consecutive price changes, which can help identify reversals and filter out noise. It measures the momentum of price changes over a specified period, rather than just the magnitude of price changes like the RSI does. It counts up and down days from the current closing price relative to the closing price a certain number of days ago (e.g. 5 days ago), instead of just comparing consecutive daily closes like the RSI It is calculated by taking the ratio of the average upward price changes to the average downward price changes over a given period, where each change is measured from the close X days ago (X is the “momentum” period) Like the RSI, the RMI oscillates between 0 and 100, with readings above 70 considered overbought and below 30 oversold. In trending markets, the RMI tends to remain in overbought or oversold territory for extended periods. In trading ranges, it oscillates more predictably between the overbought and oversold levels. The RMI is generally considered better than the RSI at identifying potential reversal points, as it incorporates a momentum factor rather than just strength. It can be used in a similar way to the RSI for trade signals, such as buying when it rises above 30 from below, or selling when it falls below 70 from above The Laguerre filter A Laguerre filter is a type of infinite impulse response (IIR) filter used for smoothing signals or data. The Laguerre filter provides a way to apply variable smoothing to a signal by adjusting its pole position, allowing you to control the balance between smoothness and lag based on your preferences. It is an alternative to simple moving averages that can better preserve the shape of the original signal.
Indicatore Pine Script®
di bvdbeld2
Relative Strength wrt ReferenceThis script evaluates the relative strength of the current symbol with respect to your chosen symbol. At the same time it gives an idea about the trend of the reference symbol. Under default settings, it evaluates the strength with respect to NIFTY50. While the value of the bars represents the relative strength, Colors of the bars indicate the relative strength status. The condition action rules are as follows: -Bar color blue implies that both the underlying and reference increased. -Bar color green implies that the underlying increased but reference decreased. -Bar color purple implies that both the underlying and reference decreased. -Bar color red implies that the underlying decreased but reference increased. On the other hand, the background colors indicate the general trend structure in the reference in terms of exponential moving averages and adx. Green implies strong up trend. Purple implies sideways to bullish trend. Blue implies sideways to bearish trend Red implies existing strong downtrend. You can change the settings as per your choice.
Indicatore Pine Script®
di dhelm
Relative Strength Market PickerModified to code from @modhelius and added colors and histogram for easy reading...thanks to him... What is Relative Strength? Relative strength is a ratio of a stock price performance to a market average (index) performance. It is used in technical analysis. It is not to be confused with relative strength index. To calculate the relative strength of a particular stock, divide the percentage change over some time period by the percentage change of a particular index over the same time period. How to read this indicator for trading and decesion making? There are four colors Aqua: Shows the bullish momentum against the index of your choosing Navy blue: Show the bearish momentum is weakning at the time period Fuschsia : Shows the bullish gaining strength and about to cross zero line Red: Shows the bearish momentum is strong. Other indicators to be used along with this are 1. Pivot points 2. Moving Average of highs and lows -- 17 period To take long calls --- There has to be high closing candle above the 17 period moving average of highs and there has to be bullish momentum and ideally with the pivot point as a support To take short calls -- There has to low closing candle below the 17 period moving average of lows and there has to be bearish momentum and ideally with the pivot point as a resistance.
Indicatore Pine Script®
di Nanda86
1
Relative Strength Triple MA ConfluenceThis tool highlights moments of strong outperformance based on three customizable moving averages of an asset's relative strength vs a benchmark (SPY, BTC, etc). ✅ Green candles + triangle-up icon appear when relative strength is above all 3 MAs (short, medium, long) ❌ Red triangle-down appears when full confluence is lost 🔧 Fully customizable MA types (EMA or SMA), lengths, and benchmark Ideal for traders seeking high-conviction confirmation based on stacked RS strength.
Indicatore Pine Script®
di kondor_trades
Sector relative strength and correlation by KaschkoThis script provides a quick overview of the relative strength and correlation of the symbols in a sector by showing a line chart of the close prices on a percent scale with all symbols starting at zero at the left side of the chart. It allows a great deal of flexibility in the configuration of the sectors and symbols in it. The standard preset sectors cover the most important futures markets and their symbols. However, up to ten sectors with up to ten symbols each can be freely configured. Each sector is defined by a single line that has the following format: Sector name:Symbol suffix:List of comma separated symbols For example, the first predefined sector is defined as follows. Energies:1!:CL,HO,NG,RB 1. The name of the sector is "Energies" 2. The suffix is "1!", i.e., to each symbol in the list "1!" is appended to get the continous future for the given symbol root. When using stock, forex or other symbols, simply leave the suffix empty. 3. The list of comma separated symbols is "CL,HO,NG,RB", i.e. crude oil, heating oil, natural gas and gasoline. As the suffix is "1!", the actual symbols whose prices are shown are "CL1!","HO1!","NG1!" and "RB1!" You can choose to use settlement-as-close and back-adjusted contracts. The sector can also be determined automatically ("Auto-select"). In this case, it is determined to which sector the symbol currently displayed in the main chart belongs and the script displays it in the context of the other symbols in the sector. By selecting a suitable chart time frame and time range, you can quickly determine which symbols in the sector are stronger or weaker and which are more or less strongly correlated. The following symbols are best suited for a quick trial, as the sectors are preset for these: CL1!,ES1!,6A1!,6B1!,6c1!,6E1!,6J1!,6M1!,6N1!,6S1!,GC1!,GF1!,HE1!,HG1!,HO1!,LBR1!,LE1!,NG1!,NQ1!,PA1!,PL1!,RB1!,SI1!,YM1!,ZB1!,ZC1!,ZF1!,ZL1!,ZM1!,ZN1!,ZO1!,ZR1!,ZS1!,ZT1!,ZW1!,CC1!,CT1!,DX1!,KC1!,OJ1!,SB1!,RTY1! You can also use the script to compare any symbols (e.g. different shares) with each other. Preferably use the "Custom" sector for this.
Indicatore Pine Script®
di Kaschko
4
RS - Relative Strength ScoreRelative strength (RS) is a measure of a stock's price performance relative to the overall market. It is calculated by dividing the stock's price change over a specified period by the market's price change over the same period. A stock with a high RS has outperformed the market, while a stock with a low RS has underperformed. (Stock can any asset that can be compared to a reference index like as Bitcoin, Altcoins etc ...) Here are some advantages: - Provides a measure of a stock's performance relative to a benchmark index or sector, allowing for a more accurate comparison of performance. - Helps identify stocks with strong price momentum that are likely to continue outperforming the market in the short to medium term. - Allows investors to identify the strongest performers within a particular sector or industry. - Provides a quantitative and objective measure of a stock's performance, which can help reduce bias in investment decisions. - Can be used in conjunction with other technical indicators and chart analysis to identify potentially profitable trades. - Helps investors make more informed decisions by providing a more comprehensive picture of a stock's performance. How to use it: - The indicator can be used in daily and weekly timeframes. - Check, if the default reference index is suited for your asset (Settings) The default is the combination of S&P500+Nasdaq+Dow Jones. For Crypto, it could be TOTAL (ticker for total stock market), for German stocks it could be DAX. - Decide (settings), if you want to see the RS based on annual calculation (IBD style) or based only for the last quarter Color coding: - Red: Stock is performing worse than index (RS < 0) - Yellow: Stock get momentum, starting to perform better than index (RS > 0) - Green: Stock is outperforming the index - Blue: Stock is a shooting star compared to index - When RS turns positive and stays there, it could be an indication for an outbreak (maybe into a stage 2) No financial advise. For education purposes only.
Indicatore Pine Script®
di Lantzwat
6
[GTH] Relative Strength, SectorsDisplays the Relative Strength (RS) of a symbol in relation to some common sector ETFs, SPX and NDX (select from drop-down list). This is done by dividing the symbol's price by the chosen sector ETF's price. You can also select a symbol of your choice to compare against. Interpretation: RS line ascending: symbol performs stronger than the sector ETF. RS line decending: symbol performs weaker than the sector ETF. In case of error reports: please be specfic. Thanks.
Indicatore Pine Script®
di gehteha
Volume Weighted Real Relative Strength (RS/RW)Volume Weighted Real Relative Strength (VRRS) measures the relative strength of a tickers vs. a benchmark ticker for the market, i.e. $SPY, and a benchmark ticker for the sector it is in. The calculation of VRRS is done as follow: VRRS = * VolWeighted * 100 Where : Close is Close price smaClose is the last simple moving average value. Ref is Reference ticker VolWeighted is the volume weighted factor and is defined as (smaVol_short / smaVol_long); where smaVol_short, smaVol_long are the simple moving average of volume calculated for a short period (i.e. 21 period) and long period (i.e. 5 days), respectively. Feature : 1. It can show two VRRS, one calculated against a market benchmark (i.e. $SPY) and one for a sector benchmark. 2. It shows also the bar plot of the benchmark ticker.
Indicatore Pine Script®
di dealsatm
15
Relative Strength Volume Adjusted Exponential Moving Avg [CC]The Relative Strength Volume Adjusted Exponential Moving Average was created by Vitali Apirine (Stocks and Commodities Feb 2022 pgs 14-18) and this is very similar of course to the last Relative Strength Exponential Moving Average . It works under the same concept with using overbought and oversold methods to adjust the moving average and with this particular version you will notice that sudden drops or increases won't follow super closely so this can be useful along with the other as a good complementary indicator to use with each other to determine the short and medium term trend and to give good entry and exit points. I have strong buy and sell signals in addition to normal ones so darker colors are strong and lighter colors are normal. Buy when the indicator line turns green and sell when it turns red. Let me know if there are any other indicators or scripts you would like to see me publish!
Indicatore Pine Script®
di cheatcountry
4
Relative Strength vs SPY - real time & multi TF analysisOne of the most requested features for TradingView is the ability to include custom indicators in the stock market scanner. While I am sure this feature is coming soon (seriously TV, PLEASE) I decided to use the amazing template provided by QuantNomad (), but I wanted to allow the user to modify the table a bit better so that a multi time frame analysis approach could be used. The recommended way to use this indicator is to apply it three times to your chart. For each instance, assign it a plotting location (left, center, right) and choose the timeframe you wish to use for the RS analysis. By default, the relative strength of all 39 pre selected stocks will be compared against SPY, on the 5 min timeframe. I personally like having this chart on the left, then the 4 hour timeframe in the center, and the daily on the right. Not only does this setup allow you to see the relative strength/weakness of 39 stocks in real time (the one on the left), but you have all the information in front of you including how the stock has been performing relative to SPY on the 4H and D charts. To make it easiest to read, you should disable all visual elements to the chart you are applying this indicator to. By minimizing the chart and putting it by your side, you can see the bigger picture on how all your stocks are behaving relative to the market. If you wish to change any of the stocks I have pre selected, make sure to save your chart template. Otherwise you would need to do this every time you load the indicator to your chart which would be incredibly time consuming.
Indicatore Pine Script®
di soosh_
7
Relative Strength 4DimensionIn the S&C September 2020 article “Tracking Relative Strength In Four Dimensions”, James Garofallou presents a metric for evaluating a security’s strength relative to 11 major market sectors and over several time periods. All this information is squeezed into a single value. Maybe at cost of losing other important information? In this article we’ll look into how to program such a beast, and how it fares when we use it for rebalancing a stock portfolio. This is a redesigned version for an european point of view. I used 10 index for the comparison. feel free to tip me ;-)
Indicatore Pine Script®
di IacopoAlberti
Relative CandleThis 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 (did the symbol close at lows of the bar while the index closed at highs). The area graph in the background shows the average relative close over a 10-day simple moving average. I use this to pop any behavior that is out of line with the market, whether positive or negative. For example, is a red bar day due to the market pullback or something specific to the stock. Or did the market pull back and the stock did the opposite, strong day!
Indicatore Pine Script®
di drewby4321
15
Relative Volatility IndexCorrected Relative Volatility Index. This indicator was originally developed by Donald Dorsey (Stocks & Commodities V.11:6 (253-256): The Relative Volatility Index). The indicator was revised by Dorsey in 1995 (Stocks & Commodities V.13:09 (388-391): Refining the Relative Volatility Index). I suggest the refined RVI with optional settings. If you disabled Wilder's Smoothing and Refined RVI you will get the original version of RVI (1993, as built-in). Also, you can choose an algorithm for calculating Standard Deviation.
Indicatore Pine Script®
di everget
10
Relative Strength Super Smoother by lastguruA better version of Apirine's RS EMA by using a superior MA: Ehlers Super Smoother. In January 2022 edition of TASC Vitaly Apirine introduced his Relative Strength Exponential Moving Average. A concept not entirely new, as Tushar Chande used a similar calculation for his VIDYA moving average. Both are based on the idea to change EMA length depending on the absolute RSI value, so the moving average would speed up then RSI is going up or down from the center value (when there is a significant directional price movement), and slow down when RSI returns to the center value (when there is a neutral or sideways movement). That way EMA responsiveness would increase where it matters most, but decrease where there is a high probability of whipsaw. There are only two main differences between VIDYA and RS EMA: RSI internal smoothing - VIDYA uses SMA, as Chande's CMO is an RSI with SMA; RS EMA uses EMA Change direction - VIDYA sets the fastest length; RS EMA sets the slowest length Both algorithms use EMA as the base of their calculation. As John F. Ehlers has shown in his article "Predictive and Successful Indicators" (January 2014 issue of TASC), EMA is not a very efficient filter, as it introduces a significant lag if sufficient smoothing is required. He describes a new smoothing filter called SuperSmoother, "that sharply attenuates aliasing noise while minimizing filtering lag." In other words, it provides better smoothing with lower lag than EMA. In this script, I try to get the best of all these approaches and present to you Relative Strength Super Smoother. It uses RS EMA algorithm to calculate the SuperSmoother length. Unlike the original RS EMA algorithm, that has an abstract "multiplier" setting to scale the period variance (without this parameter, RSI would only allow it to speed up twice; Vitaly Apirine sets the multiplier to 10 by default), my implementation has explicit lower bound setting, so you can specify the exact range of calculated length. Settings: Lower Bound - fastest SuperSmoother length (when RSI is +100 or -100) Upper Bound - slowest SuperSmoother length (when RSI is 0) RSI Length - underlying RSI length. Unlike the original RSI that uses RMA as an internal smoothing algorithm, Vitaly Apirine uses EMA, which is approximately twice as fast (that is needed because he uses a generally long RSI length and RMA would be too slow for this). It is the same as the Upper Bound by default (0), as in the original implementation The original RS EMA is also shown on the chart for comparison. The default multiplier of 10 for RS EMA means that the fastest EMA period is around 4. I use the fastest period of 8 by default. It does not introduce too much of a lag in comparison, but the curve is much smoother. This script is just an interface for my public libraries. Check them out for more information.
Indicatore Pine Script®
di lastguru
4
Relative Momentum Index (RMI) OscillatorThe Relative Momentum Index (RMI) is a sibling to the RSI. Where the RSI measures trend based on the average (RMA) of gains and draws over a length of time , the RMI measures based on the SUM of gains and draws . Myself and many others have found that the RMI oscillates better than the RSI does. I paired the RMI with the oscillation method the Fisher Transformation uses to oscillate the value from -1.0 to 1.0 instead of the Stochastic way of 0 to 100. This way you can enable the Fisher transform, if desired. But I also just prefer the appearance of that. Some options and features I have coded in- RMI Length: This is the length of the Relative Momentum Index itself. Like the length of RSI, default 14 Oscillation Length: This is your oscillation length, like a Stochastic. If you put the length at 1 it will turn the indicator into the straight up RMI indicator. (If you select to use the Fisher Transform, the overbought/oversold lines will not show nicely) Source Pre-Smoothing: The option of smoothing out the source, ie close, before you even run it through the RMI, oscillation, and/or transform Oscillator Post-Smoothing: The option of smoothing the output of the script Trailing MA: If desired, you can check the box to Use a Trailing Signal, and enter the length of lookback for a Simple Moving Average (SMA) of the RMI Osc value Use Fill Colors on MA: If enabled, it will fill the area between the RMI Osc and the trailing MA. I chose to use colors that are similar to some educational ideas I have published, whereby nearing the bottom of the oscillation you get Green to signal Accumulation, and near the top you get Red to signal Distribution. Following red is Black, where you typically get late signal sellers that Capitulate and sell stops trigger. Blue is where traders tend to Chase price up. The most primitive way of using this indicator would be sell when the value exceeds the overbought/top line and buy when it falls below the oversold/bottom line. You can find ways to use the fill colors, or MA crossovers, rising lows or rising highs, etc. for signals. Here's a comparison of this indicator to the Stochastic RSI, using similar values- Here's showing the indicator on intraday values at defaults with some pre- and post-smoothing- Same thing, but with Fisher Transform enabled- And an example of the fill bands in action- Please feel free to use any part of this code as desired.
Indicatore Pine Script®
di chrism665
1
Relative Volume Combined With a Cumulative FunctionHi everyone The today's script was suggested by a follower. -------------------------------------- 1 minute of Knowledge -------------------------------------- Many traders look at volume as a pre-signal that a move may happen. In trading, some say that "the volume precedes the movement". This simply means that often volume will increase before a significant move in the stock. Imagine if a unique trader is buying a crypto/stock. The volume is unlikely to move. But, if all the mass goes to mass spot buy an asset, then we could see a volume spike announcing a potential upwards move. --------------------------------------------- What's the story with that indicator? --------------------------------------------- It's an interesting way of presenting the volume data. Will show the total volume for the selected period. You can choose between relative and cumulative presentation. The users can display the consecutive rising volume above the 0 line and the failing volume below that line. -------------------------------------- Mix knowledge with usefulness -------------------------------------- A price making a higher/high (HH) or lower/low (LL) has a real and strong meaning- a HH or LL on a volume has a significant meaning also. Increasing volume for a stock/crypto, could signify that buyers were willing to purchase a bigger number of shares at a higher price (comparatively to the day before) Obviously, non-stop crazy buying/shorting won't work at some point - and that "some point" may hurt a bit. Such volume indicator combined with others like momentum or strength indicators is a nice trading strategy. The volume announces that a move may happen and the other indicators will confirm the prophecy :) Peace Dave
Indicatore Pine Script®
di Daveatt
3