OPEN-SOURCE SCRIPT
Frank-Shorting Setup ✅ (RSI + RS only)
An indicator designed to help traders spot weakness in a stock by combining RSI and Relative Strength (RS) analysis.
🔹 Key Features
RSI Weakness Signals
Marks when RSI falls below 50 (downside pressure begins).
Marks when RSI moves back above 50 (weakness ends).
Relative Strength (RS) vs Benchmark
Compares stock performance to a benchmark (e.g., NIFTY).
Signals when RS drops below 1 (stock underperforming).
Signals when RS moves back above 1 (strength resumes).
Clear Chart Markings
Circles for RSI signals.
Triangles for RS signals.
Optional labels for extra clarity.
Alerts Built-In
Get notified when RSI or RS weakness starts/ends.
No need to monitor charts all the time
🔹 Key Features
RSI Weakness Signals
Marks when RSI falls below 50 (downside pressure begins).
Marks when RSI moves back above 50 (weakness ends).
Relative Strength (RS) vs Benchmark
Compares stock performance to a benchmark (e.g., NIFTY).
Signals when RS drops below 1 (stock underperforming).
Signals when RS moves back above 1 (strength resumes).
Clear Chart Markings
Circles for RSI signals.
Triangles for RS signals.
Optional labels for extra clarity.
Alerts Built-In
Get notified when RSI or RS weakness starts/ends.
No need to monitor charts all the time
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。