QQQ and individual stock Relative Strength multi-time frames
On this 15-minute chart I have installed an indicator twice- to compare the relative strength of
several symbols /stocks in its customization. One is set up for a 15-minute time going back
4 trading days while the other on the right 5 minutes with a lookback of only 30 minutes ( fully
customizable). See comments in text boxes on the chart. I believe that this can be used to help
find the best entries and exits for positions to complement other indicators. The setup on
the right is best for intraday trades while that on the left could be used in swing trades.
This could also be used to compare indices, commodities, or currency/forex on long
and low time frames for a similar function.
several symbols /stocks in its customization. One is set up for a 15-minute time going back
4 trading days while the other on the right 5 minutes with a lookback of only 30 minutes ( fully
customizable). See comments in text boxes on the chart. I believe that this can be used to help
find the best entries and exits for positions to complement other indicators. The setup on
the right is best for intraday trades while that on the left could be used in swing trades.
This could also be used to compare indices, commodities, or currency/forex on long
and low time frames for a similar function.