charticulate

Relative Strength to SPX

Remove from Favorite Scripts Add to Favorite Scripts
// Relative Strength to index as used by Leaf_West
//On Leaf's weekly and monthly R/S charts, he uses a 13EMA of the R/S (brown dash line) 
//and an 8SMA of the 13EMA (pink solid line). 
//For daily or 130-minute time periods,  R/S charts are slightly different - 
//the moving averages of the R/S line include a 20EMA (brown dash line), a 50EMA (blue dash line) 
//and an 8SMA of the20EMA (pink solid line). 
//The momentum indicator is also slightly different from the weekly/monthly charts – 
//here he uses a 12 period calculation (vs 8 period for the weekly/monthly charts).
study(shorttitle = " Relative Strength", title="Relative strength to SPX", overlay=false)

sym = input(title="Symbol", type=symbol, defval="SPY")
src = input(title="Source", type=source, defval=close)

s = security("sym", "1", src)
s3= close/s*100

plot(s3, color=black,title=" rel chart strength")

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out