Dear All, This is my first public script modified to adapt the concept of Mr. Premal Parekh on Adaptive Relative Strength - ARS) The original Script is developed by modhelius. I have proved the version as per my requirement and included concept of ARS. This script will remove the manual calculation task which is required on daily basis to calculate number of...
This script is improved over the existing script developed by Mr. modhelius I have added ASR Concept of Mr. Premal Parekh. This script will remove manual calculation of Trading Days from ASR Date.
Ratio (Relative Strength) & EMAs This indicator is used to compare the actual symbol with another one by calculating the ratio. EMA1 and EMA2 of the ration are shown as well. The idea is to choose an index like the NDX or SPX for comparison and to determine if the actual symbol outperforms the index or not - separate the wheat from the chaff. The rules are as...
This script is meant to give you a Relative Strength indication of the stock. The goal is to use a similar calculation as used by IBD. It calculates the performance of the current stock for the last year (most recent quarter is weighted double) and compares it to the performance of a reference index or ticker (default is "SPY"). IBD would give you a value between...
This indicator takes the Performance Table from @BeeHolder and converts it to a Relative Performance table so you can compare the current chart vs. an Index (or whatever other ticker you want) to see the relative performance of one vs. the other. I also added a cell for ADR, which is also the same value as "Monthly Volatility" in the stock screener. This can be...
Description The Measure of Relative Strength on Trend Reversal displays the relative strength of the symbol vis-a-vis a benchmark based on the trend reversal of the benchmark. At the end of the trend (i.e. when the trend of the benchmark moves from Uptrend to Downtrend, or vice-versa) the strength (measure) of the symbol's performance with respect to the...
NSE:TATAMOTORS Relative strength indicator which shows ratio between two stocks/assets .. usually between stock & its indices features of indicator is as following. 1. Values oscillates around zero, it is bullish when above zero & bearish when below zero. 1. Weighted smoothing which removes unwanted whipsaws but keeps trend curve intact. 3. In-Built list of...
This is a simple RSI table for traders that don't want the graph, only the current value. Location, thresholds, and colors are all adjustable.
Powerful tool to calculate and display the strength of a security compared to another security. Some Main purposes are: - finding new leadership in a market correction - comparing a market leader with a top competitor - tracking rotation in the market .. and so much more! This tool is highly configurable, you can especially change: - The reference symbol (SPY,...
A Ratio Chart, for analysis with any benchmark. This is the open source version of the earlier, Fixed Ref. Ratio indicator. This is the version that will be maintained in the future. Plots a ratio of the symbol to benchmark. Plots, all time high ratios (orange bubbles), Increasing ratios (blue bubbles). Detailed write up will be added in subsequent updates.
This RSI script includes everything you could want on an RSI. There are multiple timeframes which will give context to market movement, as well as a highlight feature to make it easier to visualize overbought and oversold stocks. Tip: Uncheck the 4 plots with no color in them to remove the extra headers on the indicator.
This indicator compares the difference in percentage change between two symbols over a user-specified number of bars. Default settings will show the difference between the current symbol and the S&P 500 ETF (SPY) over 10 bars. It can be used to determine if the stock is showing relative strength or weakness compared to the overall market.
To know when to buy altcoins instead of bitcoin. It is based on BTCUSD and BTC Dominance RSIs.
The purpose of the Comparative Relative Strength Ratio indicator is to provide a way of looking at a relative strength ratio as a candle graph instead of only a closing price line, as well as to provide relative volume gradient coloration on the ratio-generated candles, and additionally to plot moving averages of the CRS ratio that can help display shifting trends...
This indicator provides a way to use Relative Volume Gradient Paintbars on an alternate/comparison symbol while still looking at your main charted symbol. For instance, this allows you to plot the ES1! or SPY or QQQ above/below your charted symbol, and see its current Relative Volume signal, and compare that to the your currently-charted individual stock symbol,...
This script will allow users to view Multiple RSI timeframes in one indicator (up to 4). This can be useful for viewing RSI Convergences/Divergences and extremely long timeframes like 250 days can provide context to market strength over long positions.
This script takes two symbols as input and shows the year-to-date (YTD), quarter-to-date (QTD), or month-to-date (MTD) performance in percent.
This indicator tracks the GSCI Commodity Index over the course of the S&P 500. This is used for the fundamental evaluation of ratios of asset classes to each other. The thesis is based on Ray Dalio's quadrant theory: in periods without inflation and with good growth, stock prices rise and commodity prices fall. Conversely, in periods of good growth in an...