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OPEN-SOURCE SCRIPT
Updated

Relative Perfomance Index

Hello Traders.

Lets keep it simple..

  • 1. Take the major pairs that have USD in them and watch their change over a specific timeframe.
  • 2. Now lets sort these changes of each pair from the most positive to the most negative.

Good, I see you have some ideas already.

This is exactly what this indicator does. You will visualize the biggest change in pairs of the timeframe of your choice and from this you can decide on pairs that you want to trade.
Release Notes
Update tooltip to define importance of choosing your broker
Release Notes
X2 Better Usage

Configuration
1. Use the Index setting to use something else except USD
2. Select custom pairs from the settings

Customization
Text color will use your chart foreground color

Example Usage:
1. Index Crypto by selecting the index as USDT
2. and selecting all symbols with USDT in them
Release Notes
Reduced the calculation algorithm execution time by half

Updated to a more linear calculation. This also eliminates repeating symbols
DevLucem
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Automate TradingView Alerts
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Also on:
majorperformancerelativeperformancerelativestrengthsentimentstatisticsUSDVolatility

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 publications is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

DevLucem
🤖🤖🤖🤖🤖🤖🤖🤖🤖🤖
Automate TradingView Alerts
tradingview.to/anywhere
🥰😍😍🥰😍😍🥰😍😍🥰
Also on:

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.