OPEN-SOURCE SCRIPT
Updated Volume Weighted Real Relative strength (VRRS) Watch List
As Tradingview does not allow to add indicator to its watch list, a way to visualize variation of an indicator for a watch list is needed. This indicator plots the last 5 bars of Volume Weighted Real Relative strength (VRRS) of 10 tickers. It allows users to visualize the VRRS of their watch list.
VRRS is calculated the same way as in Volume Weighted Real Relative Strength (RS/RW) from the same author.
FEATURES:
VRRS is calculated the same way as in Volume Weighted Real Relative Strength (RS/RW) from the same author.
FEATURES:
- Allows users to change parameters to match those in Volume Weighted Real Relative Strength (RS/RW)
- Allows users to change the watch list
- Allows users to change viewing outline
- Bullish or Bearish indicators if VRRS reaches upper or lower limit.
Release Notes
Fix VolWeight calculation for consistency with VRRS calculationRelease Notes
Show 24 bars per tickers (2 hours in M5 chart)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.
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.
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.
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.