Stock Strength Index by zdmre

zdmre Updated   
The basic idea behind indicators is "to buy the strong one and to sell the weak one". This indicator yield entry and exit signals for stock trading.

You can view the STRENGTH INDEX for the symbol you want in this indicator.


(X - ((RMA(t-1) * (n-1)) + X(t)) / n) / X * 100

n = The length of the Moving Average (defval = 200)
X = Price
t = Timeframe

Release Notes:
Symbols in the table can be hidden.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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.

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