Overview: This implementation of the RS Line mimics how Investor's Business Daily and CANSLIM investors measure growth stock performance versus the S&P 500. If you are looking at a weekly chart, the RS Line is the performance of the stock over the past week versus the S&P 500 over that same time frame. The same logic applies to the daily and monthly charts,...
Relative Strength Comparison compares a security's price change with that of a "base" security or index. You can change the "base" security from the indicator settings. You can compare: - Stock to other stock - Stock to the benchmark index - One index to another index
How it works? 1. With this indicator you can compare any other symbol of index/security with selected symbol. 2. You can compare with three different Indices/symbols. 3. Also you can keep different timeframe and length of period to compare with the current symbol. 4. No need to add multiple indicators for same purpose. Thanks, Yogesh
Relative Strength calculation of 3 time periods: 12 months, 6 months and 3 months.
Tradingview has a different type of RSI. I prepare a normal formula for RSI to calculate better backtest performance.
Trend-Reverse Strategy is a combination of these 2 scripts to use 5 min candle.
RSI + STOCHASTIC RSI combination v2 ( for v1 ) For 5 min Changes Stcoh RSI creates signal with crossover RSI created signal with an equation ( above or below the line) ,crossover was added.