SST Table NewData Table for Update GTT Orders in Stocks....
Updated GTT Order details for SST , also added Relative Strength of Stock compared with NIFTY Index for 55 Days (3 Months) period.
RS line plotted on chart… taken reference of close price of day candle… just a bigger picture of actual RS indicator plotted on chart itself... RS line in red color means below zero line (negative) and green color means above zero line (positive).
Added code for checking RS value on chart for any previous day.
Индикатор сравнение относительной силы
Z-Score DeltaHeavily modified from Z Score by jwammo12
Compares the z-score of two assets, the onscreen one and the reference one configured. If you're familiar, you can think of it as Bollinger Band Percent of Onscreen Asset minus the Bollinger Band Percent of Reference Asset.
It's compared off a simple moving average, due to how standard deviation is calculated.
I view this a more literal meaning of relative strength.
Has the ability to offset or delay in time one to another.
TODO: add MAD and MAD/STD.DEV views
Not my greatest work, but it's functional.
Asset compared to asset/marketThis indicator simply divides an asset to another asset and multiplies the result by 100.
There are the options for choosing a timeframe and symbols. I've also added EMAs.
There's also the option to put red/green background when the EMAs are above the index and are upsloping and vice versa.
Enjoy!
Comparative Relative Strength for Crypto (USDT/USD)Comparative Relative Strength for Crypto (USDT/USD)
An adaption of the indicator as published by © bharatTrader->
Please visit the link for details as published by the original coder.
Configured for Crypto by presetting (per filter) for CIX100 usage - either in USDT (Kucoin) or USD (Capitolcom)
MomentumThis indicator will give you the momentum readings (rate of change) for five lookback periods (15m, 60m, 4hr, 24hr, 48hr).
This is useful when backtesting or retroactively logging the readings into your trade journal (there is no way to roll back the Forex Factory momentum screener that I know of).
There are lines drawing in the background which are set to 100% transparency by default, so don't be puzzled when you occasionally see the bubbles for the line plots being highlighted on your chart.
Message me with any questions or suggestions.
ICT index correlated market indicatorThis is not a real indicator, but is what ICT use as indicator for trading futures indexes.
it can only display SP500, Dow Jon Industrial Average and Nasdaq, if someone want other market can copy the code and change some parameters (is more easy than it can appear)
A good idea is using this other market on backtest to confirm the divergence idea of Linda Raske, than use it to spot quickly in real market.
Another idea published by ICT is the "hidden entry pattern", the entry signal appear in ES or YM but I trade NQ for volatility, so I use the trigger of SP500 or Dow to enter in Nasdaq.
Rember always don't trust anybody, do your own backtest and research!
Short & Long Relative StrengthRelative Strength (RS) is a method of identifying stocks which are relatively stronger or weaker as compared the market as a whole or to a relevant benchmark.
To calculate the relative strength of a particular stock, divide the percentage change over some time period by the percentage change of a particular index over the same time period.
The value of RS Indicator oscillates around zero. If value of RS is above ZERO then security is outperforming the benchmark and if value of RS is below ZERO then security is outperforming the benchmark.
Here i have used two RS indicator lines in one indicator - Short Term RS (default value is 65) and Long Term RS (default value is 123).
I have set default benchmark index as Nifty 50 (NSE:NIFTY)
R-Smart - Relative Strength On observing the market for years I learned that Relative Strength will help us in staying invested in strong bullish stocks (relative to primary indices of your country, in my case it's Nifty 50 for India). Once you identify a strong stock, it's important to know if the stock is trending and is in momentum. To identify, trends and momentum, I used ADX and MACD indicators respectively as part of the R-Smart.
In R-Smart, I used Relative Strength primarily to plot the chart, if the Histogram is positive (greater than 0) then the security is bullish. But then how do we know that it's in trend and having momentum. Well the below color code will help you identify them
1. Histogram in Green : Strong Bullish
2. Histogram in Blue : Weak Bullish
3. Histogram in Orange: Bearish
Apart from the above indicator, I would like to use Super Trend to know the immediate support/resistances on the chart.
# StayInvested
# StayProfitable
# ManageYourRisk
Comparative Relative Strength(CRS), ARS,SRS,Beta,RocShows comparative relative strength(CRS) against any benchmark script , if CRS is above ARS line than ARS is Positive and if CRS turns green than SRS is positive and vice versa.
Aryangel_MACD+RSICombination of MACD and RSI, strong signal for buy/sell with MACD and RSI crossover.
Multiple Relative Strength (Multiple RS) (XP)Multiple Relative Strength (Multiple RS) (XP)
You can see three Relative Strength lines.
The lines are thicker going from RS1 to RS2 to RS3, for differentiation.
Using the three RS, you can see long, medium, and short term performance at once.
Relative StrengthRelative strength is a calculation of the price trend of a stock or a financial instrument in comparison to another instrument, stock, or industry. It shall be determined by taking the price of one commodity and dividing it by another.
Relative strength is a strategy used for determining value stocks and is used in momentum investing as well. It involves investing in stocks that have done well, in relation to their index or benchmark. For example, a relative strength investor might pick technology companies that have outperformed the Nasdaq Composite Index or large-cap stocks that are lagging against the S&P 500 index(Adjustable in the settings).
This indiator will give you a plot for relative strength between the current pair with another pair (adjustable in the settings), with a plotshape for RSNHBP & RSNH
Features :
1. Relative Strength
2. Double EMA of Relative Strength
3. RSNHBP & RSNH
How to use it :
1. Adjust All the settings parameter
2. For Alerting, Just use any alert function call, it will give you an alert of RSNHBP and RSNH
Mansfield RSHello,
I hope you like this representation of the Mansfield Relative Strength Indicator.
The calculations have been made based on the following formulas:
Standard Relative Performance indicator
RP = ( stock_close / index_close ) * 100
Mansfield Relative Performance indicator
MRP = (( RP (today) / sma ( RP (today), n)) - 1 ) * 100
Where:
RP = Standard Relative Performance indicator (see above)
SMA = Simple moving average over n days.
n = 52 for weekly charts, and n = 200 on daily charts
Thanks,
TASC 2022.03 Relative Strength Volatility-Adjusted EMA█ OVERVIEW
TASC's March 2022 edition of Traders' Tips includes the "Relative Strength Moving Averages - Part 3: The Relative Strength Volatility-Adjusted Exponential Moving Average" article authored by Vitali Apirine. This is the code that implements the "RS VolatAdj EMA" from the article.
█ CONCEPTS
In a three-part article series, Vitaly Apirine examines ways to filter price movements and define turning points by applying the Relative Strength concept to exponential moving averages . The resulting indicator is more responsive and is intended to account for the relative strength of volatility .
█ CALCULATIONS
The calculation process uses the following steps:
Select an appropriate volatility index (in our case it is VIX ).
Calculate up day volatility (UV) smoothed by a 10-day EMA.
Calculate down day volatility (DV) smoothed by a 10-day EMA.
Take the absolute value of the difference between UV and DV and divide by the sum of UV and DV. This is the Volatility Strength we need.
Calculate a MLTP constant - the weighting multiplier for an exponential moving average.
Combine Volatility Strength and MLTP to create an exponential moving average on current price data.
Join TradingView!
Williams Alligator Trend Filter HeatmapHello I've decided that the alligator lines can be used to find a trend. This script expands on that and checks 10 different multipliers to see trend over the long term and have 10 values. Those 10 values each give a color to one of the 10 lines in turn giving this Fire like plotting. I personaly use this to see if there is fear (red) in the markets or greed (blue), plotted 9 different crypto coins on the chart and have 4 columns in my setup to see the values on different timeframes. In the chart preview this is 1H,30M,10M,1M to see current environment. The colors use alot of data to generate especialy the bottom part, that colors based on a very long time zone.
ETH vs BTC 200W SMA OverextensionHistorically, when BTC suffers a correction and ETH continues to rally, this hints at an impending market-wide correction. In Jan 2018, ETH rallies while BTC corrects, signalling the end of the bull cycle. In May 2021, ETH rallies while BTC ranges between $50-$60k, then a major correction occurs. This indicator attempts to monitor this phenomenon in order to help spot potential macro tops in the cryptocurrency market.
The indicator takes the price of the asset and divides it by the 200 week SMA value. This gives an over/undervaluation in percentage terms. When ETH becomes significantly more overvalued relative to BTC, the indicator will warn of a potential top forming (see red shaded areas).
This is for edutainment purposes only. Don't make financial decisions based on this indicator.
Volume Weighted Real Relative Strength (RS/RW)Volume Weighted Real Relative Strength (VRRS) measures the relative strength of a tickers vs. a benchmark ticker for the market, i.e. $SPY, and a benchmark ticker for the sector it is in. The calculation of VRRS is done as follow:
VRRS = * VolWeighted * 100
Where :
Close is Close price
smaClose is the last simple moving average value.
Ref is Reference ticker
VolWeighted is the volume weighted factor and is defined as (smaVol_short / smaVol_long); where smaVol_short, smaVol_long are the simple moving average of volume calculated for a short period (i.e. 21 period) and long period (i.e. 5 days), respectively.
Feature :
1. It can show two VRRS, one calculated against a market benchmark (i.e. $SPY) and one for a sector benchmark.
2. It shows also the bar plot of the benchmark ticker.
Linear Regression Relative Strength[image/x/iZvwDWEY/
Relative Strength indicator comparing the current symbol to SPY (or any other benchmark). It may help to pick the right assets to complement the portfolio build around core ETFs such as SPY.
The general idea is to show if the current symbol outperforms or underperforms the benchmark (SPY by default) when bought some certain time ago. Relative performance is displayed as percent and is calculated for three different time ranges - short (1 mo by default), mid (1 quarter), and long (half a year). To smooth the volatility, the script uses linear regression to estimate the trend and takes the start and the end points of the linear regression line to compute the relative strength.
It is important to remember that the script shows the gain relative to SPY (or other selected benchmark), not the asset's gain. Therefore, it may indicate that the asset is profitable, but it still may lose value if SPY is in downtrend.
Therefore, it is crucial to check other indicators before making a decision. In the example above, standard linear regression for one quarter is used to indicate the direction of the trend.
NPMA Relative Strength IndexRecently been amased by the potential of percentile nearest rank. You can apply this to almost any indicator to find extremes, this script might the simplest form of using it while being very powerful. The background will color green when the rsi is in the top percentage ranges of last X amount of bars. I'm currently searching optimal settings to apply this to a simple 3commas bot. Feel free to comment good settings and help the community out making profitable bots.
ETH ratioCompares the currently selected symbol to a configurable symbol (defaults to ETHUSD).
Normalizes the ratio to be >= 0.1 and <= 10 to be readable for symbols with radically different ranges.
Comparative Strength [FT]This indicator calculates the comparative strength between 2 variables by subtracting them instead of division/ratio.
Example:
A is stronger than B, then if A-B, it would be positive because value A is bigger than B.
A is weaker than B, then when A-B, this would be negative because A is lower than B.
What it does:
It takes the difference of averages of variable A (ie: stock), and the same for variable B (ie: index), and then the result of those is substracted to get a value.
Why is this indicator useful ?
To visualise comparative values between 2 related variables. IE: stock-index, stock-commodities, forex-interest rates, forex-bond, forex-inflation.
DISCLAIMER: Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security, investment, currencies or assets.
Dominion - Bitcoin Altcoin Dominance [mutantdog]A simple and easy reference tool displaying a plot of the market cap dominance values for several significant cryptocurrencies.
The most widely used of these is bitcoin dominance (the top indicator shown above) which calculates the total market cap of bitcoin in relation to the total cryptocurrency market cap, displayed as a percentage. This is commonly used by traders to assess the strength of bitcoin in relation to the broader crypto market; increasing values being indicative of larger bitcoin moves and decreasing values often indicative of potential altcoin cycles. Likewise, ethereum dominance (the bottom indicator shown above) is frequently used as a means to indicate the strength of ethereum in relation to the broader crypto market.
Included options for marketcap dominance values are:
Bitcoin : CRYPTOCAP:BTC.D
Ethereum : CRYPTOCAP:ETH.D
Total DeFi (a composite of multiple top defi tokens): CRYPTOCAP:TOTALDEFI.D
Stablecoins (shows the combined dominance values for usdt and usdc): CRYPTOCAP:USDT.D + CRYPTOCAP:USDC.D
Flippening (shows the difference between bitcoin and ethereum dominance values): CRYPTOCAP:BTC.D - CRYPTOCAP:ETH.D
When used in combination with each other, these can provide a good overview of the general flow of capital within the crypto market.
Additional functionality:
up to three optional moving averages with a choice of SMA, EMA, WMA and RMA for each.
multi timeframe selector
alert condition presets for various moving average crosses.
Please be aware that, while useful as reference, dominance calculations are known to repaint frequently. As such the use of this indicator and its alerts should require caution.
NVTNetwork Value to Transactions Ratio (NVT) is defined as the ratio of market capitalization divided by transacted volume.
NVT Ratio can be thought of as an indicator that measures whether the blockchain network is overvalued or not.
If it is upper than red line, it means overvalued.
NVT Golden Cross targets to generate short or long signals by comparing the short-term trend of NVT and the long-term trend of NVT. If the short-term trend is way greater than the long-term trend is, the network can be interpreted as overpriced and will soon revert to mean value, meaning short signal. Similarly, the opposite case may imply a long signal.
Over the red line is short signal and under the green line is long signal.
You can find divergence in this indicator.
There are two sources
cryptocap
glassnode
