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...
This is a Live Screener for my previous Alpha & Beta indicator, which filters stocks lively based on the given values. Use 5min timeframe for Live Intraday. The default stocks in the screener is selected based on high beta value from F&O listed stocks. It may include other stocks also. User can input stocks of your choice either through the menu or through the...
Shows the strength of current symbol relative to strength of another symbol, defaulted to Bursa Malaysia broad market index: FBMSCAP. Best viewed in weekly chart.
This indicator combines 3 supertrend indicators (a fast, medium and slow) with stochastic RSI and 200 EMA. It only gives short signals if price is under the 200 EMA and long signals if price is over the 200 EMA. Secondly it will only show you a short entry if the stochastic RSI is in the overbought territory and a long signal if the stochastic RSI is in the...
Hello Traders! I'm a Momentum Trader, following the Indian & US markets. Most of us are familiar with the Relative Strength (RS) indicator, popularized by Investor's Business Daily (IBD) and available on their MarketSmith platform. So, here I'm sharing a script that does the same and additionally pops an alert label when the RS line hits a new high (similar...
About this indicator: This indicator goes under many different names such as Relative Strength Ratio, Comparative Strength, Relative Strength Comparison (RSC) etc. It compares the strength of the current asset to another asset of your choice and displays the relative strength of the current asset. (Not RSI) There are several comparative indicators published...
This script attempts to show the relative strength of the 11 sectors in the SPX, which can be accomplished in three ways: 1. Sectors - displays all sector indices as they appear normally 2. Sector Relativity - displays each sector divided by the sum of the other 10 sectors 3. Sector Alpha - displays the alpha of each sector as compared to the sum of the other...
This is an oscillator made of biggest 40 cryptocurrency/USDT pairs. * It shows relative strength and change of crypto market during certain time on given interval. * The tool has a bunch of data put together into one oscillator: * top and bottom lines are made of 3 strongest and 3 weakest crypto pairs (out of 40) * has visible names of that pairs for several...
THE SCRIPT SIMPLY DIVIDES THE STOCK PRICE BY NIFTY TO MEASURE UNDER PERFORMANCE AND OUT PERFORMANCE WITH NIFTY. YOU CAN CHANGE SETTINGS FROM NIFTY TO ANY OTHER SECTOR LIKE CNX FMCG TO MEASURE SECTOR PERFORMANCE AND UNDER PERFORMANCE !!!
This version of Mansfield Relative Strength ( MRS ) weights the MRSs with different lookback periods by adding the weight of 2:1:1:1 to MRS (1Q) : MRS (2Q) : MRS (3Q) : MRS (4Q). Typically, the lookback period of a MRS is reference to a full year, i.e. 260 trading dates or 52 weeks; to better represents the relative strength of a stock to a recent performance,...
There are many investors referring to Relative Strength (RS) indicator published by Investor’s Business Daily (IBD) for their analysis. Since the RS published by IBD is a proprietary indicator, no exact formulation is published on it. Many discussion suggested that an alternative to the IBD RS is the Mansfield Relative Strength . There are 2 parameters for...
For completeness of Relative Strength studies, the Relative Strength based on rate of changes (ROC) with weighting is coded and presented as well. The RS.ROC is similar to the formulation of RS by IBD before rank among all the stocks in the market. The lookback period is relaxed for customizing. Once you set the total lookback period, representing the 4Q, in the...
This is a candlestick charted Relative Strength indicator. It compares the chosen stock's progress compared to that of the SPY ETF ... ( SPY is used so it should hopefully update intraday). I use this indicator to see which stocks are outperforming the market. Input Variable Descriptions: Ratio: this variable is a float (0 to 1) that is basically how close the...
Due to the request of some users and inspired by "5 Day ADR ICT Intraday Tracker" I updated "CPR Width" and added extra functionality for your convenience.
Overview: This implementation of the RS Line mimics how Investor's Business Daily and CANSLIM investors measure growth stock performance versus the S&P 500. If you are looking at a weekly chart, the RS Line is the performance of the stock over the past week versus the S&P 500 over that same time frame. The same logic applies to the daily and monthly charts,...
My other indicator shows the linear regression slope of the source. This one finds the exponential regression slope and optionally multiplies it by R-squared and optionally annualizes it. Multiplying by R-squared makes sure that the price movement was significant in order to avoid volatile movements that can throw off the slope value. Annualizing the exponential...
Confluence of Indicators and Signals (CoInS) v2 skv This time best of pivots and oscillators came to confluence to guide traders for better decision making to trade. Remember practice makes profit. This script created for educational purpose for learners want to observe/study the indicators and its signals. Indicators HMA, SMA, Super Trend, MACD, BB,...
A relative strength indicator that compares your main symbol (one on your chart) strength to another symbol by percentage. The result is plotted as a histogram showing which symbol is rising or falling more in percentage. In case your chart symbol is TSLA (Tesla) and the indicator 'Symbol to compare' is SPX: GREEN area (above zero) means TSLA is rising more than...