Relative Strength (RS) is a method of identifying stocks which are relatively stronger or weaker as compared the market as a whole or to a relevant benchmark.
To calculate the relative strength of a particular stock, divide the percentage change over some time period by the percentage change of a particular index over the same time period.
The value of RS...
On observing the market for years I learned that Relative Strength will help us in staying invested in strong bullish stocks (relative to primary indices of your country, in my case it's Nifty 50 for India). Once you identify a strong stock, it's important to know if the stock is trending and is in momentum. To identify, trends and momentum, I used ADX and MACD...
Shows comparative relative strength(CRS) against any benchmark script , if CRS is above ARS line than ARS is Positive and if CRS turns green than SRS is positive and vice versa.
Multiple Relative Strength (Multiple RS) (XP)
You can see three Relative Strength lines.
The lines are thicker going from RS1 to RS2 to RS3, for differentiation.
Using the three RS, you can see long, medium, and short term performance at once.
Relative strength is a calculation of the price trend of a stock or a financial instrument in comparison to another instrument, stock, or industry. It shall be determined by taking the price of one commodity and dividing it by another.
Relative strength is a strategy used for determining value stocks and is used in momentum investing as well. It involves...
Hello,
I hope you like this representation of the Mansfield Relative Strength Indicator.
The calculations have been made based on the following formulas:
Standard Relative Performance indicator
RP = ( stock_close / index_close ) * 100
Mansfield Relative Performance indicator
MRP = (( RP (today) / sma ( RP (today), n)) - 1 ) * 100
Where:
RP = Standard...
█ OVERVIEW
TASC's March 2022 edition of Traders' Tips includes the "Relative Strength Moving Averages - Part 3: The Relative Strength Volatility-Adjusted Exponential Moving Average" article authored by Vitali Apirine. This is the code that implements the "RS VolatAdj EMA" from the article.
█ CONCEPTS
In a three-part article series, Vitaly Apirine...
Hello I've decided that the alligator lines can be used to find a trend. This script expands on that and checks 10 different multipliers to see trend over the long term and have 10 values. Those 10 values each give a color to one of the 10 lines in turn giving this Fire like plotting. I personaly use this to see if there is fear (red) in the markets or greed...
Historically, when BTC suffers a correction and ETH continues to rally, this hints at an impending market-wide correction. In Jan 2018, ETH rallies while BTC corrects, signalling the end of the bull cycle. In May 2021, ETH rallies while BTC ranges between $50-$60k, then a major correction occurs. This indicator attempts to monitor this phenomenon in order to help...
Volume Weighted Real Relative Strength (VRRS) measures the relative strength of a tickers vs. a benchmark ticker for the market, i.e. $SPY, and a benchmark ticker for the sector it is in. The calculation of VRRS is done as follow:
VRRS = * VolWeighted * 100
Where :
Close is Close price
smaClose is the last simple moving average value.
Ref is Reference...
[image/x/iZvwDWEY/
Relative Strength indicator comparing the current symbol to SPY (or any other benchmark). It may help to pick the right assets to complement the portfolio build around core ETFs such as SPY.
The general idea is to show if the current symbol outperforms or underperforms the benchmark (SPY by default) when bought some certain time ago. Relative...
Recently been amased by the potential of percentile nearest rank. You can apply this to almost any indicator to find extremes, this script might the simplest form of using it while being very powerful. The background will color green when the rsi is in the top percentage ranges of last X amount of bars. I'm currently searching optimal settings to apply this to a...
Compares the currently selected symbol to a configurable symbol (defaults to ETHUSD).
Normalizes the ratio to be >= 0.1 and <= 10 to be readable for symbols with radically different ranges.
This indicator calculates the comparative strength between 2 variables by subtracting them instead of division/ratio.
Example:
A is stronger than B, then if A-B, it would be positive because value A is bigger than B.
A is weaker than B, then when A-B, this would be negative because A is lower than B.
What it does:
It takes the difference of averages of variable A...
A simple and easy reference tool displaying a plot of the market cap dominance values for several significant cryptocurrencies.
The most widely used of these is bitcoin dominance (the top indicator shown above) which calculates the total market cap of bitcoin in relation to the total cryptocurrency market cap, displayed as a percentage. This is commonly used by...
Network Value to Transactions Ratio (NVT) is defined as the ratio of market capitalization divided by transacted volume.
NVT Ratio can be thought of as an indicator that measures whether the blockchain network is overvalued or not.
If it is upper than red line, it means overvalued.
NVT Golden Cross targets to generate short or long signals by comparing the...
Dear All,
This is my first public script modified to adapt the concept of Mr. Premal Parekh on Adaptive Relative Strength - ARS)
The original Script is developed by modhelius.
I have proved the version as per my requirement and included concept of ARS.
This script will remove the manual calculation task which is required on daily basis to calculate number of...
![BFRI: Comparative Strength [FT]](https://s3.tradingview.com/s/sDUG4sBf_mid.png "Comparative Strength [FT]")
![BTCUSD: Dominion - Bitcoin Altcoin Dominance [mutantdog]](https://s3.tradingview.com/a/aMetM5QK_mid.png "Dominion - Bitcoin Altcoin Dominance [mutantdog]")
