This is a supporting Indicator for the Volume Price Analysis Script VPA 5.0.
Purpose
To indicate the performance of the stock compared to an Index or any other selected stock. It also provides an idea about the strength of the Reference Index as well.
Description
The indicator is an unbound oscillator moving around a zero line. If the stock is strong then...
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...
I'm proud to finally announce the Crypto measurer!!!, 20 coins chosen from the selection available at Binance, you're free to modify the code to add your own coins or remove them or if you use another exchange.
This works similar to the SCSM, except it's for cryptos, never miss a PUMP & DUMP scheme again, don't get tricked into buying the losing coins anymore....
