Hello! This script was briefly known as as Bing Chilling. I converted this to Pine Script V5 to ensure compliance with publishing requirements. This script tracks RSI and inserts an indicator when correlated movement is detected. Proximity of current tick to indicator origin tick determines freshness of the indicator. DO NOT sit on the indicator for a long...
■About this indicator This indicator divides the selected stocks by any stocks you specify and plots the result in a new pane. At the same time, it plots the GMMA against the result of the division. This allows you to see the relative chart and trend of the selected stock and the arbitrary stock. Quote Symbol: Specify the denominator of the division. The default...
Overview The "Coin vs BTC" indicator is designed to compare the performance of a selected cryptocurrency against Bitcoin (BTC) using Exponential Moving Averages (EMAs). By plotting the difference in EMA values as a percentage, this indicator helps traders visualize the relative strength of a cryptocurrency compared to Bitcoin over specified periods. How It...
Relative strength is a ratio between two assets, generally it is a stock and a market average (index). RS implementation details are explained here . This script automatically decides benchmark index for RS calculation based on market cap input values and input benchmark indices values. Relative strength calculation: "To calculate the relative strength of a...
Overview: The EMA-Based Relative Strength Labels indicator provides a dynamic method to visualize the strength of price movements relative to an Exponential Moving Average (EMA). By comparing the current price to the EMA, it assigns labels (A, B, C for bullish and X, Y, Z for bearish) to candles, indicating the intensity of bullish or bearish behavior. Key...
This indicatore plot for every candle a % difference referred to the corresponding BTCUSDT candle, so you can know if the chart is performing better or worse than Bitcoin. Simple as that. Enjoy.
This script evaluates the relative strength of the current symbol with respect to your chosen symbol. At the same time it gives an idea about the trend of the reference symbol. Under default settings, it evaluates the strength with respect to NIFTY50. While the value of the bars represents the relative strength, Colors of the bars indicate the relative strength...
This Pine script indicator is designed to create a visual representation of the percent rank for multiple financial instruments. Here's a breakdown of its key features: Percent Rank Calculation: The core functionality of this Pine script indicator revolves around the calculation of the percent rank for each selected financial instrument. The percent rank is...
The Relative Strength Scatter Plot indicator is a tool that shows the historical performance of various user-selected securities against a selected benchmark. This tool is inspired by Relative Rotation Graphs®. Relative Rotation Graphs® is a registered trademark of JOOS Holdings B.V. This script is neither endorsed, nor sponsored, nor affiliated with them. 🔶 ...
Rate of Change Machine Author: RWCS_LTD Disclaimer: This script is provided for informational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment...
Introducing the Elder Titan TrendMaster – a battle-tested indicator that harnesses the power of Omega, Sortino, Sharpe, Z-Score, Volume, Sentiment, and Relative Strength, all forged into a single, formidable TPI component. Each element, normalized and ranging from -1 to 1, converges to create the indomitable Elder Titan Score – a beacon in the turbulent seas of...
Description: The Saay RS Navigator is a comprehensive indicator designed to measure and visualize the Relative Strength (RS) of a stock or security against a benchmark across multiple time frames. This tool plots three distinct RS lines representing Short Term, Medium Term, and Long Term perspectives, each customizable in length and color to suit various trading...
Multi Period Relative Strength Indicator This indicator is meticulously designed around the fundamental concept of relative strength, providing a powerful tool to assess an instrument's performance against peers or a benchmark index within the same asset class. Tailored for short-term swing trend analysis, it equips traders with the insights needed to make...
Comparative Relative Strength (CRS) is a relative momentum indicator, used to compare a security against an index, or against another security. The comparison is used to show the relative performance to each other. This script is a Quality of Life improvement, which attempts to match the base symbol to its relevant index on the local stock exchange. Thus...
This script provides a quick overview of the relative strength and correlation of the symbols in a sector by showing a line chart of the close prices on a percent scale with all symbols starting at zero at the left side of the chart. It allows a great deal of flexibility in the configuration of the sectors and symbols in it. The standard preset sectors cover the...
My goal is to equip every trader and investor with the essential tools necessary to confidently navigate the complexities of the financial markets, enabling them to consistently identify opportunities and maintain a position of strength on the winning side of their trades. This indicator stands as a potent tool, offering the capability to effectively assess...
RedK Relative Strength Ribbon (RedK RS_Ribbon) is TA tool that plots the Relative Strength of the current chart symbol against another symbol, or an index of choice. It enables us to see when a stock is gaining strength (or weakness) relative to (an index that represents) the market, and when it hits new highs or lows of that relative strength, which may lead to...
Market Smith has a collection of tools that are useful for identifying stocks. On their charts they have a 21/50/200 day moving averages, high and low pivot points, a relative strength line, and a relative strength rating. This script contains indicators for the following: 21/50/200 Day Moving Averages High and Low pivot points A Relative Strength line A...