OPEN-SOURCE SCRIPT
Percent Rank (ValueRay)
Updated
The Percent Rank is naturally quite choppy. I therefor placed an EMA(3) over it and make the origin Percent Rank only slightly visible. I also add some boundaries.
Note that the EMA of the Percent Rank looks quite similiar to the Connors RSI.
Use it as the RSI.
Note that the EMA of the Percent Rank looks quite similiar to the Connors RSI.
Use it as the RSI.
Release Notes
small tweaksRelease Notes
update pictureRelease Notes
- Update to Version 5
- Slighty better visibility
Release Notes
- removed link (house rules policy)
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.
ValueRay ➤ Stock Screener and Value Analyser in Hedge-Fond Quality
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