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Volatility Adjusted Relative Strength (VARS) - Histogram Option

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I’ve developed a new version of VARS that includes an option to toggle it into a histogram view. I recommend using a single neutral color rather than the conventional “red below 0, green above 0” scheme — because true RS analysis shouldn’t rely on color cues. The focus should be on the immediacy and persistence of RS itself to capture that initial breakout move as the most optimal RRR entry. This also provides clearer insight and visualization into how RS functions (both traditional and VARS) since RS is a static EOD metric derived from a defined timeframe.

I want to emphasize again that VARS is useful to identify low-risk entries, with relative strength calibrated to the volatility of the reference index (in this case, SPY). It is not used to determine my exits — those should be governed by a strict, non-discretionary framework for partial profit-taking and final exit of a position.
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