RS Momentum single

2023年6月15日

The RS Momentum single Symbol indicator is a custom indicator that compares the performance of a specific symbol to a base symbol and calculates the relative strength (RS) and relative momentum (RM) between them. The indicator is designed to help traders identify the current market phase of the symbol and make informed trading decisions based on the relative performance.

Description:
The indicator calculates the RS and RM values using the following steps:

1. It retrieves the closing prices of the symbol and the base symbol.
2. It calculates the Symbol-to-Base Ratio (SBR) by dividing the closing price of the symbol by the closing price of the base symbol.
3. It calculates two Simple Moving Averages (SMAs) of the SBR with different lengths (RS1 and RS2) and computes the RS value as a percentage difference between these SMAs.
4. It calculates two SMAs of the RS value with different lengths (RM1 and RM2) and computes the RM value as a percentage difference between these SMAs.
5. The indicator plots the RS and RM values on the chart and assigns a market phase label based on their values.

Usage:
The indicator can be used to identify the current market phase of the symbol, which can be one of the following:

1. Leading: The symbol is outperforming the base symbol, and the momentum is positive. This phase indicates a strong bullish trend, and traders might consider entering long positions.
2. Weakening: The symbol is outperforming the base symbol, but the momentum is negative. This phase suggests that the bullish trend is losing strength, and traders might consider taking profits or tightening their stop losses.
3. Lagging: The symbol is underperforming the base symbol, and the momentum is negative. This phase indicates a strong bearish trend, and traders might consider entering short positions.
4. Improving: The symbol is underperforming the base symbol, but the momentum is positive. This phase suggests that the bearish trend is losing strength, and traders might consider closing short positions or looking for potential long entries.

Optimal Settings:
The optimal settings for the indicator depend on the specific market and trading style. However, the default settings (RS1 Length = 10, RS2 Length = 30, RM1 Length = 1, RM2 Length = 9) can be a good starting point. Traders can experiment with different settings find the ones that work best for their trading strategy and market conditions.

It's important to note that this indicator should be used in conjunction with other technical analysis tools and market context to make well-informed trading decisions. No single indicator can guarantee success in trading, and it's crucial to use a combination of tools and techniques to manage risk and maximize potential returns.

8月18日

發行說明

لقد قمنا بترقية مؤشر "RS Momentum" الأصلي بميزات احترافية لتحسين تجربة المستخدم وسهولة القراءة:
خلفية ديناميكية ملونة: تتغير ألوان خلفية لوحة المؤشر تلقائيًا لتعكس الحالة الحالية للسهم (أخضر للقيادة، أزرق للتحسن، أصفر للضعف، أحمر للتأخر). هذا يوفر رؤية فورية وواضحة للحالة بمجرد النظر.
جدول بيانات احترافي: تم استبدال الملصق النصي السابق بجدول أنيق وثابت. يعرض هذا الجدول الحالة الحالية ("Leading", "Lagging", etc.) بالإضافة إلى القيم الرقمية الدقيقة لمؤشري RS و RM، مما يحافظ على نظافة الرسم البياني الرئيسي.
تحكم كامل في الواجهة: تمت إضافة خيار في إعدادات المؤشر يسمح للمستخدم بتغيير موقع جدول البيانات بسهولة إلى أي من الزوايا التسع المتاحة على الشاشة، مما يمنح مرونة كاملة لتخصيص مساحة العمل.
In English:
We have upgraded the original "RS Momentum" indicator with professional features to enhance user experience and readability:
Dynamic Background Coloring: The indicator's background color now changes automatically to reflect the current market status (Green for Leading, Blue for Improving, Yellow for Weakening, and Red for Lagging). This provides an immediate and clear visual cue at a single glance.
Professional Data Table: The previous text label has been replaced with a sleek and persistent table. This table displays the current status ("Leading", "Lagging", etc.) along with the precise numerical values of the RS and RM indicators, keeping the main price chart clean.
Full UI Control: A new option has been added to the indicator's settings, allowing the user to easily move the data table to any of the nine available positions on the screen. This offers complete flexibility for workspace customization.