OPEN-SOURCE SCRIPT
Difference in price change
Compares price change between current symbol and other one (eg. BTC vs S&P500). It calculates price change on each bar (from high to low or from open to close) and compares with price change of equivalent bar from the other source.
Example
Current symbol
Second symbol
Performance of price change = (-30) - (+30) = -63 // It means that current source has weaker performance right now
Example
Current symbol
- open = 10 USD
- close = 7 USD
- change = -3 USD
- % change = -30%
Second symbol
- open = 3 USD
- close = 4 USD
- change = +1 USD
- % change = +33%
Performance of price change = (-30) - (+30) = -63 // It means that current source has weaker performance right now
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 publication is governed by House rules. You can favorite it to use it on a chart.
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