OPEN-SOURCE SCRIPT
stock gain% vs index gain %
This shows the relative strength or weakness of a stock vs an index on any given candle price movement.
Negative stock candle and relative strength shows accumulation
Positive stock candle and relative weakness shows distribution
accumulation will plot an 'A'
distribution will plot a 'D'
Negative stock candle and relative strength shows accumulation
Positive stock candle and relative weakness shows distribution
accumulation will plot an 'A'
distribution will plot a 'D'
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Read my blog and detailed trading strategies at substack.com/@dmt62dmt
Watch my Youtube channel at youtube.com/@DMT62DMT
Follow me on twitter at x.com/DMT62DMT
Watch my Youtube channel at youtube.com/@DMT62DMT
Follow me on twitter at x.com/DMT62DMT
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Read my blog and detailed trading strategies at substack.com/@dmt62dmt
Watch my Youtube channel at youtube.com/@DMT62DMT
Follow me on twitter at x.com/DMT62DMT
Watch my Youtube channel at youtube.com/@DMT62DMT
Follow me on twitter at x.com/DMT62DMT
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.