Relative Strength

Relative Strength show the quotient (ratio) between a numerator (Your Security) and a common denominator (SPX, BTC, ...).
I inspired myself from already established indicators. But I've made my own because I had some issues with others.

Sometimes the moving average weren't fixed but where floating through the window.
Sometimes the colors (Up, Down) were inaccurate because the compiler didn't notice infinitesimal changes (0.0001 > 0.0002)

Thanks.

(The Relative Strength indicator is at the top of the chart.)

Release Notes

Added colors on SMA: If RS > SMA then green, else Red.
Fixed some other stuffs: Symbol template for ticker input...

Release Notes

The moving average is colored based on its own slope.
Can be displayed or not.

Release Notes

Added color customization,
Added color for Relative Strength All Time High.

Release Notes

Possible to color based on X previous highs instead of all time high only.
If the lookback value is set to 0 then it looks for ATH;
Else it will look for the input, previous highs.

Modified for Tronsom

Release Notes

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

Capeya

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.

Open-source script

Capeya