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[GTH] Relative Strength, Sectors

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Relative Strength Comparison relative strength performance
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relativestrengthcomparison relative strength performance
Displays the Relative Strength (RS) of a symbol in relation to some common sector ETFs, SPX and NDX (select from drop-down list). This is done by dividing the symbol's price by the chosen sector ETF's price.
You can also select a symbol of your choice to compare against.

Interpretation:
RS line ascending: symbol performs stronger than the sector ETF.
RS line decending: symbol performs weaker than the sector ETF.

In case of error reports: please be specfic. Thanks.
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.

Disclaimer

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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