OPEN-SOURCE SCRIPT
Benchmark Relative Performance BRP

Benchmark Relative Performance (BRP) is a comprehensive technical analysis tool that compares any stock's performance against a chosen benchmark (QQQ, SPY, IWM, etc.) to identify outperformance and underperformance patterns.
Key Features:
Dual-line visualization: Shows both ticker and relative strength performance
Dynamic color coding: 5-level color system indicating performance strength
Customizable benchmark: Choose from any ticker via TradingView's symbol picker
Volume weighting: Optional volume analysis for stronger signal confirmation
Performance zones: Visual thresholds for strong/moderate performance levels
Compact info table: Real-time performance status and values
What It Shows:
Benchmark Performance Line (Blue): Shows your chosen benchmark's percentage performance
Relative Strength Line (Color-coded): Shows how much the ticker outperforms/underperforms
Fill Area: Visual gap between ticker and benchmark performance
Performance Zones: Dotted lines marking significant performance thresholds
Color System:
Green: Strong outperformance (above custom threshold)
Lime: Standard outperformance
Yellow: Neutral/Equal performance
Orange: Standard underperformance
Red: Strong underperformance (below custom threshold)
Best Used For:
Stock selection and rotation strategies
Sector/ETF relative strength analysis
Identifying momentum shifts vs benchmarks
Portfolio performance evaluation
Market timing based on relative performance
Settings:
Customizable lookback period (default: 20)
Adjustable strong performance threshold (default: 5%)
Optional volume weighting factor
Full table customization (position, colors, fonts)
Performance display (percentage or decimal)
Perfect for traders and investors who want to identify stocks showing relative strength or weakness compared to major market benchmarks.
Key Features:
Dual-line visualization: Shows both ticker and relative strength performance
Dynamic color coding: 5-level color system indicating performance strength
Customizable benchmark: Choose from any ticker via TradingView's symbol picker
Volume weighting: Optional volume analysis for stronger signal confirmation
Performance zones: Visual thresholds for strong/moderate performance levels
Compact info table: Real-time performance status and values
What It Shows:
Benchmark Performance Line (Blue): Shows your chosen benchmark's percentage performance
Relative Strength Line (Color-coded): Shows how much the ticker outperforms/underperforms
Fill Area: Visual gap between ticker and benchmark performance
Performance Zones: Dotted lines marking significant performance thresholds
Color System:
Green: Strong outperformance (above custom threshold)
Lime: Standard outperformance
Yellow: Neutral/Equal performance
Orange: Standard underperformance
Red: Strong underperformance (below custom threshold)
Best Used For:
Stock selection and rotation strategies
Sector/ETF relative strength analysis
Identifying momentum shifts vs benchmarks
Portfolio performance evaluation
Market timing based on relative performance
Settings:
Customizable lookback period (default: 20)
Adjustable strong performance threshold (default: 5%)
Optional volume weighting factor
Full table customization (position, colors, fonts)
Performance display (percentage or decimal)
Perfect for traders and investors who want to identify stocks showing relative strength or weakness compared to major market benchmarks.
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
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。
開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
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。