Bogdan Ciocoiu - CoordinatorDescription
The Coordinator is an indicator developed on the back of the RSI algorithm, modified substantially to form a cloud. In addition, the Coordinator uses EMA/SMA to compare the location of the RSI cloud with the chosen moving averages (EMA vs SMA).
This indicator is helpful as it confirms when a trader should enter a position or exit based on the proximity of the RSI cloud to the relevant MA.
Uniqueness
The Coordinator provides unique benefits, including:
It shows the strength of the RSI in the shape of the RSI cloud, using two sets of dimensions (one more long term and one more short-term oriented).
It indicates the positioning of the RSI cloud in conjunction with the relevant moving averages to help traders remain in positions for longer.
It shows the RSI 14 (useful when spotting divergences aligned with the price action).
Open-source
The Coordinator uses the following open-source scripts:
www.tradingview.com
Search in scripts for "Relative"
Relative CandlesCustom candles which only didsplay highs and lows. Color depends on relative position of highs and lows and indicates whether it is going up, down or indecision based on this relative position. Made specially for superchiqui :P
Relative ATR by Alejandro PThis is an indicator that expands the usability of ATR into a strong and valuable volatility indicator.
With the Relative ATR you can quickly see when the current market volatility its extremely low, normal or extremely high in relation to the past.
This provides traders with a much more valuable insight as to the current market conditions than normal volatility indicators.
A trader can, for example, decide to filter its strategy to only periods where the ATR is in its lowest percentiles which tells him that the market is unusually "quiet" recently and there may be a big breakout about to happen.
Or a trader can use the filter to avoid getting whipsawed with their strategy by avoiding taking trades when the Relative ATR is at its highest percentiles.
Relative Volume & RSI PopThis is a basic idea/script designed to take a breakout trade by taking advantage of volume spikes when price/strength is extended (either long or short).
The script only utilises two indicators, the Relative Volume (RV) and the Relative Strength Index (RSI). The script allows the user to select a RSI value between 69 up to 100 for a long trade and between 35 down to 0 for short trade and then pair this with RV from 0 - 10. The period for both the RSI and RV can also be amended by the user but I found in most cases there was no benefit gained by changing away from normal "14" period lookback. The script typically only has small draw downs as the script is designed to exit the trade when the RSI returns back to "normalised" level, therefore the trades are generally quite short. The exit condition for a long trade is when RSI crosses back below 69 (which is why you cannot enter a long below this value) and for a short the, trade will close when RSI crosses back above 35 (which is why you cannot enter a short above this value). These exit values are locked.
By allowing RSI value to go all the way up to "100" on the long side and "0" on the short side this in effect is a way of eliminating the script from taking either longs or shorts if lets say you wanted to back test the script for long only spikes or short only spike. E.G. By setting RSI upper value to "75" the RV to "1" and RSI lower value to "0" then no short trades will not be taken in your back test as the RSI never really gets down to zero.
I put this together with meme stocks in mind and back tested it on day charts for AMC and then a few trending style stocks too. It typically worked best as long only and with RSI settings between 71 - 75 and RV at 1 or 1.5. I also found it had okay results on some lower 1hr timeframe futures markets and weekly time frames too (albeit trades were few and far between on weekly timeframe).
The beauty of such a basic script you could easily set up a trading view screener to look for these opportunities everyday and perhaps even add in an ADX filter on the screener to see if the trend is increasing. Then use this script to run a back test on the stocks that you've selected from the screener.
Relative BTC PremiumWith large fluctuations in price, raw premium (derivs price -- spot price Δ) may lose some relevance.
A premium of say, $30, which used to be quite large, may no longer be a significant sum in terms of % of price.
This is where a Relative Premium comes in:
Relative Premium takes the raw premium and calculates it as a percentage of current spot price. Presumably, this method of visualizing premium will scale better with large price fluctuation.
Relative price comparison [jameswestnz]Compares current ticker to the relative price of the comparison ticker over the chosen time period.
e.g. compares what the relative price of BTC would have been based on it's percentage gains against LTC if you had invested in each at the start of the chosen period.
Relative StrengthThis indicator is called Relative Strength and is no way related to RSI ( Relative strength indicator).
It is simply a ratio of asset A to asset B plotted. Usually it is used to look for strength vs a particular index. Since it is a ratio, all the trendlines work on it. The default index is NIFTY. You can change it any index/script you want to compare:
1. Script vs Index
2. Index vs Index
Relative Performance vs XAO (Histogram)RSC Relative Strength Comparison is used to compare performance of a Sector Index or Stock against a Benchmark (Index). The Benchmark used is the Australian All Ordinaries Index with a look back period of 63 days (3 months). Both the benchmark and look back period may be changed in the code to suit.
Relative Sector Index Benchmarking by QuantxQuantX Relative Strength helps traders identify whether a stock is outperforming or underperforming NIFTY. It uses a clean histogram with background highlights and a trend line to spot market leaders, laggards, and strength reversals quickly.
Relative Volume Table with PressureDisplay relative Volume as a table in the top right corner. Turns green when volume is high and price is increasing and red when volume is high and price is decreasing. I use this on D timeframe at the open to screen for stocks breaking out.
Relative Volume (RVOL) + Average Volume [AZ]The script helps you instantly see whether today’s volume is unusual compared to the past (relative volume). It’s built for breakout/fakeout filters, like the 15-minute ORB strategy you’re running.
Relative Strength with CNX500This indicator compares the relative strength of the stock with respect to a wider benchmark index Nifty 500
M3EDGE™ Relative Volume (RVOL)Relative Volume (RVOL) compares the current volume to its historical average.
🎯 Goal: Spot abnormal flows and anticipate impulsive moves.
🔍 M3EDGE™ Key Reading:
• RVOL > 2.0 → Likely institutional activity.
• RVOL > 1.5 → Heightened surveillance: potential move building.
• Price falling + high RVOL → Stealth accumulation / sell-side absorption.
• Price rising + high RVOL → Confirmed breakout with real flows.
💡 In the M3EDGE™ method, RVOL filters out false signals and validates setups by aligning flow + structure + momentum.
Applied to ETFs or stocks, it reveals what price action alone won’t show
Relative StrengthDescription:
This indicator provides a simplified yet powerful method for measuring a stock's momentum based on its proximity to its recent high. It is a direct implementation of a trading concept discussed in a lecture from the New York Institute of Finance.
Core Concept
The underlying theory, supported by academic research, is that a stock making a new high is one of the most bullish signals possible. Such stocks have a statistical tendency to continue making new highs in the near term.
Instead of requiring complex relative strength calculations against a universe of stocks, this indicator uses a simple and elegant ratio to act as a proxy for momentum:
Indicator Value = Current Close / Highest High of Lookback Period
A value approaching 1.0 indicates the stock is strong and nearing a new high. A value at 1.0 means a new high has just been made.
How to Use This Indicator
The indicator consists of two primary components:
RS Line (Teal): The core momentum calculation (Close / High).
Signal MA (Orange): A moving average of the NHRS Line, which acts as the trigger for signals.
The signals are generated based on the crossover between these two lines:
BUY Signal: When the RS Line crosses ABOVE its moving average. This suggests that short-term momentum is accelerating and a new uptrend may be starting. The background will turn green.
SELL Signal: When the RS Line crosses BELOW its moving average. This indicates that momentum is fading and it may be prudent to exit the position to avoid a decline. The background will turn red.
Indicator Settings
You can customize the indicator to fit your trading style and the timeframe you are analyzing:
High Lookback Period: Choose the period for the "Highest High" calculation. Options range from 1 Month to 12 Months (52 weeks), allowing you to measure short-term or long-term strength.
Moving Average Length: Adjust the length of the signal line's moving average. The lecturer defaults to 26 weeks for a six-month view.
Moving Average Type: Select the type of moving average for the signal line (SMA, EMA, WMA, HMA).
Credits and Inspiration
Proper credit is essential. This script is a practical application of a concept that builds upon foundational academic work.
The core idea that a stock's proximity to its 52-week high is an investable anomaly was detailed in the 2004 Journal of Finance paper:
"The 52 Week High and Momentum Investing" by Thomas J. George and Chuan-Yang Hwang.
The lecturer's contribution, which this script implements, was to simplify this concept into an actionable trading tool by applying a moving average crossover to generate clear and objective buy and sell signals.
Disclaimer: This tool is for educational and informational purposes only. It is not financial advice. All trading involves risk, and you should always perform your own research and backtesting before making any trading decisions.
Relative Volume CandlesVisualizes candlesticks with transparency based on volume relative to a moving average. Higher-than-average volume makes candles more opaque, while lower volume increases transparency—helping you spot significant price movements at a glance!
Features:
Customizable up/down candle colors (default: green/red)
Adjustable lookback period for volume averaging (default: 21)
Fine-tune transparency with base transparency (default: 80) and scale (default: 2.0)
Overlay directly on your chart for seamless analysis
Relative ATRThis indicator enhances the standard Average True Range (ATR) by providing context about current volatility relative to its recent historical average. It highlights periods where ATR is significantly higher or lower than its own recent norm.
Relative PerformanceSimple relative performance of a token compared to BTC, with display of normalized performance velocity line.
Relative PPP for USDBRLThis indicator calculates the USDBRL exchange rate using the Relative Purchasing Power Parity method, which considers that the variation in the exchange rate is equal to the variation in inflation in Brazil minus the variation in inflation in the US. It is derived from the Law of One Price, which states that an identical good should have the same price in different markets when adjusted for exchange rates, assuming the absence of arbitrage barriers such as transaction costs or trade restrictions.
The indicator is calculated starting from June 1994, at the launch of the Real Plan, which equalized the value of the Brazilian Real and the US Dollar at that time. This indicator is useful for providing an idea of the long-term trend of the Dollar exchange rate (months or years), acting similarly to a moving average, around which the exchange rate gravitates.
It's useful for analysts who have to forecast the USDBRL in the long term.
Relative Volume Candles [QuantVue]In the words of Dan Zanger, "Trying to trade without using volume is like trying to drive a few hundred miles without putting gas in your tank. Trying to trade without chart patterns is like leaving without having an idea how to get there!"
Volume tends to show up at the beginning and the end of trends. As a general rule, when a stock goes up on low volume, it's seen as negative because it means buyers aren't committed. When a stock goes down on low volume, it means that not many people are trying to sell it, which is positive.
The Relative Volume Candles indicator is based on the Zanger Volume Ratio and designed to help identify key volume patterns effortlessly, with color coded candles and wicks.
The indicator is designed to be used on charts less than 1 Day and calculates the average volume for the user selected lookback period at the given time of day. From there a ratio of the current volume vs the average volume is used to determine the candle’s colors.
The candles wicks are color coded based on whether or not the volume ratio is rising or falling.
So when is it most important to have volume? When prices break out of a consolidation pattern like a bull flag or cup and handle pattern, volume plays a role. When a stock moves out of a range, volume shows how committed buyers are to that move.
Note in order to see this indicator you will need to change the visual order. This is done by selecting the the 3 dots next to the indicator name, scrolling down to visual order and selecting bring to front.
Indicator Features
🔹Selectable candle colors
🔹Selectable ratio levels
🔹Custom lookback period***
***TradingView has a maximum 5,000 bar lookback for most plans. If you are on a lower time frame chart and you select a lookback period larger than 5,000 bars the indicator will not show and you will need to select a shorter lookback period or move to a higher time frame chart.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers!
Relative Volume Force IndexThis indicator can anticipate the market movements. Its posible because it calculates how much force (volume) it's necessary to move the price up or down. If it's necessary a lot of volume to move the price a little it's a reversion signal, but if a little volume could change the price whit elevate volatility, it's signal of reversion too. The indicator plots red if the market is down, and green if it's up, the size and the color of the bars cand demonstrate the movement relative force. Does it by the configurable averages. Not works well whit poor liquidity.
Colored RS(Relative Strength)Relative strength is a calculation of the price trend of a stock or a financial instrument in comparison to another instrument, stock, or industry.
Color indication
Red :: Benchmark returns is -ve and the RS_Value is below 0.
Yellow :: Benchmark returns is +ve and RS_Value is below 0.
Green :: Becnhmark returns is +ve and RS_Value is above 0.
Blue :: Benchmark returns is -ve and RS_Value is above 0.
Relative Strength Index 2x maThe relative strength index, represented as two moving averages with periods, one of which will be a multiple of the longer moving average by the amount you set.
The indicator can work both in automatic and manual mode. In automatic mode, the optimal periods are selected, in my opinion, depending on which timeframe is being analyzed at the current moment. In manual mode, you can set the required period yourself.
You can also set the method of smoothing the moving averages yourself and apply them to the opening or closing, the minimum of the bar, etc.
An important point: it is possible to enable/disable graphical functions that may not be required - just check the box next to the function that you want to see on your indicator.
Show ConDiv? - enabling / disabling the convergence/divergence function of the moving averages of the RSI indicator (not to be confused with the MACD for the asset price chart)
Show ma? - enabling/disabling the graphical display of the moving averages of the RSI indicator
Show RSI? - enabling / disabling the standard RSI indicator (if you want to see only it, check the box opposite; in this case, you need to remove the other two checkboxes)
I wish you good luck in building your trading plans, and remember: such indicators do not predict the future price movement on the chart, they only determine the characteristics of the price movement at the current time, taking into account historical data.
Relative Strength (RS) and Rate of Change (ROC) Combined in oneThis indicator combines Relative Strength and Rate of Change (ROC) in one plot. Change the period and comparative symbol (defaulted to NSE:NIFTY) in settings.
