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已更新 (CA|RS) Caruso Adaptive Relative Strength
Caruso Adaptive Relative Strength helps an investor identify when a stock is performing better than an index on a relative basis. Going beyond traditional Relative Strength(RS) methods, CARS uses a stock's Beta to determine when Relative Strength is present when adjusting for the individual stock's volatility and correlation to its benchmark. Therefore, it allows investors to not only visualize if a stock is outperforming an index but rather if it is outperforming when considering the stock's Beta. This allows Relative Strength to be more easily viewed in lower volatility equities as well as ETFs, Commodities, and alternative assets. To be as effective as possible, I have built CARS to be an RS composite, and it factors in RS from different time periods in making its calculation.
To make the application as simple as possible, I designed CARS to change the background of the chart to blue when Relative Strength is identified. You also have the option to display a box around the data or plot symbols along the bottom of the chart to best suit your visual need. CARS access comes with CARS Signal access which is a separate indicator that plots below the price chart. It provides greater insight into the robustness of the CARS signal by displaying how many core internal components of CARS are displaying RS.
Importantly, you can also change which index or symbol you would like to use for comparison purposes. I have the default set to the S&P 500, but you can use any index, ETF, or security for comparison.
CARS is also adaptable to any time frame.
The greatest benefit in identifying Relative Strength is to discover which stocks are outperforming an index, therefore are undergoing accumulation. It is important to then time your entry into the stock when the price confirms. If an investor is seeking absolute price gains, then this last point of timing an entry is critical because a stock can outperform an index yet still fall - albeit less than the index.
To make the application as simple as possible, I designed CARS to change the background of the chart to blue when Relative Strength is identified. You also have the option to display a box around the data or plot symbols along the bottom of the chart to best suit your visual need. CARS access comes with CARS Signal access which is a separate indicator that plots below the price chart. It provides greater insight into the robustness of the CARS signal by displaying how many core internal components of CARS are displaying RS.
Importantly, you can also change which index or symbol you would like to use for comparison purposes. I have the default set to the S&P 500, but you can use any index, ETF, or security for comparison.
CARS is also adaptable to any time frame.
The greatest benefit in identifying Relative Strength is to discover which stocks are outperforming an index, therefore are undergoing accumulation. It is important to then time your entry into the stock when the price confirms. If an investor is seeking absolute price gains, then this last point of timing an entry is critical because a stock can outperform an index yet still fall - albeit less than the index.
發行說明
Version 2.0■ Added an option to create custom alerts upon entering or exiting CA|RS.
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本，且通常需付費。您可以將此腳本加入收藏，但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情，請依照作者說明或直接聯繫CarusoInsights。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Get access to CarusoInsights indicators: https://www.carusoinsights.com/charting/
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
Get access to CarusoInsights indicators: carusoinsights.com/charting/
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本，且通常需付費。您可以將此腳本加入收藏，但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情，請依照作者說明或直接聯繫CarusoInsights。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Get access to CarusoInsights indicators: https://www.carusoinsights.com/charting/
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
Get access to CarusoInsights indicators: carusoinsights.com/charting/
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。