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OPEN-SOURCE SCRIPT

SCTR - Absolute

42
Indicator for showing Absolute Value of SCTR - StockCharts Technical Rank.

Uses the calculations from Stock Charts based on the following:

Long-Term Indicators (weighting)
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* Percent above/below 200-day EMA (30%)
* 125-Day Rate-of-Change (30%)

Medium-Term Indicators (weighting)
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* Percent above/below 50-day EMA (15%)
* 20-day Rate-of-Change (15%)

Short-Term Indicators (weighting)
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* 3-day slope of PPO(12,26,9) Histogram/3 (5%)
* 14-day RSI (5%)

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

iamsumitkoul
Cycles

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Cycles

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

iamsumitkoul

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.