OPEN-SOURCE SCRIPT
Cumulative Relative Performance
Purpose:
Key Features:
In the example screenshot, we use the same point of comparison to show the relative out-performance of
SPY vs 
VUSA (both S&P 500 ETFs) at different points in time.
- Compares performance between two securities over a specified timeframe
- Shows relative strength/weakness of one asset versus another
Key Features:
- Displays cumulative percentage difference in performance
- Optional smoothing using SMA or EMA
- Shows ticker symbols in bottom-right corner
- Can display the difference line between the two securities
In the example screenshot, we use the same point of comparison to show the relative out-performance of
SPY vs VUSA (both S&P 500 ETFs) at different points in time.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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Disclaimer: Not a financial professional or financial advisor. Any and all publications are opinion and not investment advice.
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.