Library "RS" Utility methods for Relative Strength analysis This is the first library test publication with ratio() method. More functions will be added.
ratio(symbol, benchmark) Simple ratio of symbol vs benchmark Parameters:
symbol: to be compared
benchmark: to be compared
Returns: ratio of symbol to benchmark
Release Notes
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Library "RS" Utility methods for Relative Strength analysis
ratio(symbol, benchmark) Simple ratio of symbol vs benchmark Parameters:
symbol: to be compared
benchmark: to be compared
Returns: ratio of symbol to benchmark
spread(symbol, benchmark) Simple spread of symbol vs benchmark Parameters:
symbol: to be compared
benchmark: to be compared
Returns: spread of symbol to benchmark
join(symbol, benchmark) Simple add of symbol and benchmark Parameters:
symbol: to be compared
benchmark: to be compared
Returns: join of symbol to benchmark
atOffset(symbol, benchmark, offset1, offset2) Relative strength comparison between two offsets Parameters:
symbol: to be compared
benchmark: to be compared
offset1: starting offset, must be greater than offset 2
offset2: starting offset, must be less than offset 1, default is current candle
Returns: performance in percentage between the 2 offset. A value greater than 0 indicates outperformance, less than 0 indicates underperformance
equilibriumPrice(symbol, benchmark, offset) Equilibrium price - The price as per today's symbol and benchmark close, that will make the symbol to perform equal to benchmark Parameters:
symbol: to be compared
benchmark: to be compared
offset: to measure under/out performance
Returns: Price - This is the price if achieved will make the symbol perform equally w.r.t. benchmark on the offset bar
Library "RS" Utility methods for Relative Strength analysis
ratio(symbol, benchmark) Simple ratio of symbol vs benchmark Parameters:
symbol: to be compared
benchmark: to be compared
Returns: ratio of symbol to benchmark
spread(symbol, benchmark) Simple spread of symbol vs benchmark Parameters:
symbol: to be compared
benchmark: to be compared
Returns: spread of symbol to benchmark
join(symbol, benchmark) Simple add of symbol and benchmark Parameters:
symbol: to be compared
benchmark: to be compared
Returns: join of symbol to benchmark
atOffset(symbol, benchmark, offset1, offset2) Relative strength comparison between two offsets Parameters:
symbol: to be compared
benchmark: to be compared
offset1: starting offset, must be greater than offset 2
offset2: starting offset, must be less than offset 1, default is current candle
Returns: performance in percentage between the 2 offset. A value greater than 0 indicates outperformance, less than 0 indicates underperformance
equilibriumPrice(symbol, benchmark, offset) Equilibrium price - The price as per today's symbol and benchmark close, that will make the symbol to perform equal to benchmark Parameters:
symbol: to be compared
benchmark: to be compared
offset: to measure under/out performance
Returns: Price - This is the price if achieved will make the symbol perform equally w.r.t. benchmark on the offset bar
delaCRSAndPrice(symbol, benchmark, offset1, offset2) Return the percentage outperformance of the ratio from offset1 to offset2 along with percentage symbol price change Parameters:
symbol: to be compared
benchmark: to be compared
offset1: starting offset, must be greater than offset 2
offset2: starting offset, must be less than offset 1, default is current candle
Returns: deltacrs deltaprice as a 2 element array
Release Notes
⋅
Library "RS" Utility methods for Relative Strength analysis
ratio(symbol, benchmark) Simple ratio of symbol vs benchmark Parameters:
symbol: to be compared
benchmark: to be compared
Returns: ratio of symbol to benchmark
spread(symbol, benchmark) Simple spread of symbol vs benchmark Parameters:
symbol: to be compared
benchmark: to be compared
Returns: spread of symbol to benchmark
join(symbol, benchmark) Simple add of symbol and benchmark Parameters:
symbol: to be compared
benchmark: to be compared
Returns: join of symbol to benchmark
atOffset(symbol, benchmark, offset1, offset2) Relative strength comparison between two offsets Parameters:
symbol: to be compared
benchmark: to be compared
offset1: starting offset, must be greater than offset 2
offset2: starting offset, must be less than offset 1, default is current candle
Returns: performance in percentage between the 2 offset. A value greater than 0 indicates outperformance, less than 0 indicates underperformance
equilibriumPrice(symbol, benchmark, offset) Equilibrium price - The price as per today's symbol and benchmark close, that will make the symbol to perform equal to benchmark Parameters:
symbol: to be compared
benchmark: to be compared
offset: to measure under/out performance
Returns: Price - This is the price if achieved will make the symbol perform equally w.r.t. benchmark on the offset bar
deltaCRSAndPrice(symbol, benchmark, offset1, offset2) Return the percentage outperformance of the ratio from offset1 to offset2 along with percentage symbol price change Parameters:
symbol: to be compared
benchmark: to be compared
offset1: starting offset, must be greater than offset 2
offset2: starting offset, must be less than offset 1, default is current candle
I am unable to find out this RS in public library. Help me
strat_us
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This appears at the bottom of the documentation shown above. Incase, if somebody missed it here it is, Copy the following line and paste it in your script. import bharatTrader/RS/4
Ashish_tradeview
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SIR 🙏 I really appreciate your work, you are doing a great job for helping novice traders. I had 2 queries about yours RS Indicator setting as I am using it.
1) About RS ( Relative Strength) indicator setting . In Daily / Weekly TF what (a) Period number, (b) RS Trend range number & (c) Moving Average period number do you prefer ; on your chart . Pls Reply🙏
I am unable to find out this RS in public library. Help me