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Student Wyckoff RS Symbol/MarketRelative Strength Indicator STUDENT WYCKOFF RS SYMBOL/MARKET Description The Relative Strength (RS) Indicator compares the price performance of the current financial instrument (e.g., a stock) against another instrument (e.g., an index or another stock). It is calculated by dividing the closing price of the first instrument by the closing price of the second, then multiplying by 100. This provides a percentage ratio that shows how one instrument outperforms or underperforms another. The indicator helps traders identify strong or weak assets, spot market leaders, or evaluate an asset’s performance relative to a benchmark. Key Features Relative Strength Calculation: Divides the closing price of the current instrument by the closing price of the second instrument and multiplies by 100 to express the ratio as a percentage. Simple Moving Average (SMA): Applies a customizable Simple Moving Average (default period: 14) to smooth the data and highlight trends. Visualization: Displays the Relative Strength as a blue line, the SMA as an orange line, and colors bars (blue for rising, red for falling) to indicate changes in relative strength. Flexibility: Allows users to select the second instrument via an input field and adjust the SMA period. Applications Market Comparison: Assess whether a stock is outperforming an index (e.g., S&P 500 or MOEX) to identify strong assets for investment. Sector Analysis: Compare stocks within a sector or against a sector ETF to pinpoint leaders. Trend Analysis: Use the rise or fall of the RS line and its SMA to gauge the strength of an asset’s trend relative to another instrument. Trade Timing: Bar coloring helps quickly identify changes in relative strength, aiding short-term trading decisions. Interpretation Rising RS: Indicates the first instrument is outperforming the second (e.g., a stock growing faster than an index). Falling RS: Suggests the first instrument is underperforming. SMA as a Trend Filter: If the RS line is above the SMA, it may signal strengthening performance; if below, weakening performance. Settings Instrument 2: Ticker of the second instrument (default: QQQ). SMA Period: Period for the Simple Moving Average (default: 14). Notes The indicator works on any timeframe but requires accurate ticker input for the second instrument. Ensure data for both instruments is available on the selected timeframe for precise analysis.
Pine Script® indicator
by StudentWyckoff
Quad RSRelative Strength (RS) is an Indicator which measures a Stock's performance as compared to a Benchmark Index or another Stock. For example: RS will tell you whether “A” is increasing more or less than “B” in any market condition. It is one of the tools which is best suited for Momentum Investing. How RS can be used as a Momentum Indicator: RS is used in identifying both the strongest and the weakest stock, or any asset class, within the market. Usually, the stocks which display strong or weak RS over a given time period tend to continue to move in the same direction. How to calculate Relative Strength: Divide change of "A" over some time period by the change of a particular index/stock "B" over the same time period. This indicator oscillates around zero. If the value is greater than zero, "A" has been relatively strong compared to "B", during the selected period; if the value is less than zero, "A" has been relatively weak. Configuration & Default settings: The Relative symbol can be Input, default is Nifty50. Time frame can be set, I recommend setting to Day. Default time frame is set to same as chart. Four different periods can be set. Default values are 500, 250, 125 & 63. If time frame is set as 'Day', these numbers correspond to 2 years, 1 year, 1/2 year & 1 quarter. Example chart: NiftyMidCap100 with Quad RS indicator with Nifty50 used as Relative Symbol, Four periods: 500, 250, 125 & 63
Pine Script® indicator
by InvestIn10
1
Relative Strength 3D Indicator [CC]This is a custom indicator of mine loosely based on the work by James Garofallou (Stocks and Commodities Sep 2020 pg 14) and this is meant for medium to long term trend confirmations. The idea behind this indicator is to capture 3 different dimensions of trend strength. The first dimension captures the overall strength of the underlying stock vs the market (in this case the S&P 500). The second dimension captures the overall trend strength by assigning a scoring system so when all faster moving averages are stronger than slower moving averages then it gets the max points. The final dimension is the strength of the overall strength of everything so far. Buy when the indicator line turns green and sell when it turns red. Let me know if there are any other indicators or scripts you would like to see me publish!
Pine Script® indicator
by cheatcountry
2
RSI + MA, LinReg, ZZ (HH HL LH LL), Div, Ichi, MACD and TSI HistRelative Strength Index with Moving Average, Linear Regression, Zig Zag (Highs and Lows), Divergence, Ichimoku Cloud, Moving Average Convergence Divergence and True Strength Index Histogram This script is based on zdmre's RSI script, I revamped a lot of things and added a few indicators from ParkF's RSI script. Disable Labels in the Style tab and the histogram if you don't enlarge the indicator and it seems too small. Look to buy in the oversold area and bounce of the support of the linear regression. Look to sell in the overbought area and bounce of the resistance of the linear regression. Look for retracement to the moving average or horizontal lines, and divergences for potential reversal. RSI The Relative Strength Index (RSI) is a well versed momentum based oscillator which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements. Moving Average Moving Average (MA) is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance. Linear Regression The Linear Regression indicator visualizes the general price trend of a specific part of the chart based on the Linear Regression calculation. Zig Zag (Highs and Lows) The Zig Zag indicator is used to identify price trends, and in doing so plots points on the chart to mark whenever prices reverse by a larger percentage point than a predetermined variable or marker. Divergence The divergence indicator warns traders and technical analysts of changes in a price trend, oftentimes that it is weakening or changing direction. Ichimoku Cloud The Ichimoku Cloud is a package of multiple technical indicators that signal support, resistance, market trend, and market momentum. MACD and TSI Histogram MACD can be used to identify aspects of a security's overall trend. The True Strength Index indicator is a momentum oscillator designed to detect, confirm or visualize the strength of a trend.
Pine Script® indicator
by Yatagarasu_
20
Volume RSIRelative strength index based on volume data. Indicate volume momentum, and help you define divergences on volume. The goal is to have an idea and represent in another form volumes and kept eyes on volume momentum on a certain period. RSI is an indicator about the strength, I keep the oversold/overbought thresholds. I think it still makes sense to interpret. the calculations is simple, we use the average volume up (avg_vol_up) and average volume down (avg_vol_down) over the period. then calculate the relatives strength : ( avg_vol_up / ( avg_vol_up + avg_vol_down ) ) * 100 The period is 14 by default. The period is used for calculating mean. I also add MA it helps to have a global look on the indicator. In my code I used the idea of @Padronhosnai in his code "positve/negative volume" to get volumes in the right form. For pictures I also use his indicator it's the one above.
Pine Script® indicator
by Raphpoint
3
Relative Strength Screener V2 - Top 100 volume leadersNew and improved strength heatmap for the top 100 volume leaders in the S&P. Coded in a workaround to the 40 request.security limitation that currently exists in Pine. Added the ability to input the number of columns (time frames) you wish to display. For 3 time frame analysis, add the indicator to your chart 3 times. Change the number of columns to 3 for each of these indicators. Specify the column and time frame for each one (example, 5 minute for column 1, 1 hour for column 2 and Daily chart for column 3). It will automatically resize the columns/tables to properly display the output. This provides a sort of "Strength Heatmap" for the top 100 stocks in the S&P. To achieve this, make a copy of the indicator and substitute lines 68-105 with the following premade watchlists : Make a copy 1 - FIrst 38 volume leaders in the S&P s01 = input.symbol('AAPL', group = 'Symbols', inline = 's01') s02 = input.symbol('ABBV', group = 'Symbols', inline = 's02') s03 = input.symbol('ABT', group = 'Symbols', inline = 's03') s04 = input.symbol('ACN', group = 'Symbols', inline = 's04') s05 = input.symbol('AEP', group = 'Symbols', inline = 's05') s06 = input.symbol('AIG', group = 'Symbols', inline = 's06') s07 = input.symbol('AMAT', group = 'Symbols', inline = 's07') s08 = input.symbol('AMD', group = 'Symbols', inline = 's08') s09 = input.symbol('APA', group = 'Symbols', inline = 's09') s10 = input.symbol('ATVI', group = 'Symbols', inline = 's10') s11 = input.symbol('AXP', group = 'Symbols', inline = 's11') s12 = input.symbol('BA', group = 'Symbols', inline = 's12') s13 = input.symbol('BBWI', group = 'Symbols', inline = 's13') s14 = input.symbol('BBY', group = 'Symbols', inline = 's14') s15 = input.symbol('BK', group = 'Symbols', inline = 's15') s16 = input.symbol('BMY', group = 'Symbols', inline = 's16') s17 = input.symbol('BRK.B', group = 'Symbols', inline = 's17') s18 = input.symbol('C', group = 'Symbols', inline = 's18') s19 = input.symbol('CAT', group = 'Symbols', inline = 's19') s20 = input.symbol('CCL', group = 'Symbols', inline = 's20') s21 = input.symbol('CFG', group = 'Symbols', inline = 's21') s22 = input.symbol('CL', group = 'Symbols', inline = 's22') s23 = input.symbol('CNC', group = 'Symbols', inline = 's23') s24 = input.symbol('COF', group = 'Symbols', inline = 's24') s25 = input.symbol('COP', group = 'Symbols', inline = 's25') s26 = input.symbol('COST', group = 'Symbols', inline = 's26') s27 = input.symbol('CRM', group = 'Symbols', inline = 's27') s28 = input.symbol('CVS', group = 'Symbols', inline = 's28') s29 = input.symbol('CVX', group = 'Symbols', inline = 's29') s30 = input.symbol('DAL', group = 'Symbols', inline = 's30') s31 = input.symbol('DIS', group = 'Symbols', inline = 's31') s32 = input.symbol('DISCA', group = 'Symbols', inline = 's32') s33 = input.symbol('DISCK', group = 'Symbols', inline = 's33') s34 = input.symbol('DISH', group = 'Symbols', inline = 's34') s35 = input.symbol('DLTR', group = 'Symbols', inline = 's35') s36 = input.symbol('DOW', group = 'Symbols', inline = 's36') s37 = input.symbol('DVN', group = 'Symbols', inline = 's37') s38 = input.symbol('EBAY', group = 'Symbols', inline = 's38') Make a copy 2 - Tickers 39 to 76 s01 = input.symbol('EOG', group = 'Symbols', inline = 's01') s02 = input.symbol('F', group = 'Symbols', inline = 's02') s03 = input.symbol('FB', group = 'Symbols', inline = 's03') s04 = input.symbol('FCX', group = 'Symbols', inline = 's04') s05 = input.symbol('FIS', group = 'Symbols', inline = 's05') s06 = input.symbol('GE', group = 'Symbols', inline = 's06') s07 = input.symbol('GIS', group = 'Symbols', inline = 's07') s08 = input.symbol('GM', group = 'Symbols', inline = 's08') s09 = input.symbol('GS', group = 'Symbols', inline = 's09') s10 = input.symbol('HD', group = 'Symbols', inline = 's10') s11 = input.symbol('IBM', group = 'Symbols', inline = 's11') s12 = input.symbol('INTC', group = 'Symbols', inline = 's12') s13 = input.symbol('JNJ', group = 'Symbols', inline = 's13') s14 = input.symbol('JPM', group = 'Symbols', inline = 's14') s15 = input.symbol('KR', group = 'Symbols', inline = 's15') s16 = input.symbol('LUV', group = 'Symbols', inline = 's16') s17 = input.symbol('LVS', group = 'Symbols', inline = 's17') s18 = input.symbol('MA', group = 'Symbols', inline = 's18') s19 = input.symbol('MCD', group = 'Symbols', inline = 's19') s20 = input.symbol('MCHP', group = 'Symbols', inline = 's20') s21 = input.symbol('MDT', group = 'Symbols', inline = 's21') s22 = input.symbol('MET', group = 'Symbols', inline = 's22') s23 = input.symbol('MGM', group = 'Symbols', inline = 's23') s24 = input.symbol('MOS', group = 'Symbols', inline = 's24') s25 = input.symbol('MPC', group = 'Symbols', inline = 's25') s26 = input.symbol('MRK', group = 'Symbols', inline = 's26') s27 = input.symbol('MRNA', group = 'Symbols', inline = 's27') s28 = input.symbol('MS', group = 'Symbols', inline = 's28') s29 = input.symbol('MSFT', group = 'Symbols', inline = 's29') s30 = input.symbol('MU', group = 'Symbols', inline = 's30') s31 = input.symbol('NCLH', group = 'Symbols', inline = 's31') s32 = input.symbol('NEE', group = 'Symbols', inline = 's32') s33 = input.symbol('NEM', group = 'Symbols', inline = 's33') s34 = input.symbol('NFLX', group = 'Symbols', inline = 's34') s35 = input.symbol('NKE', group = 'Symbols', inline = 's35') s36 = input.symbol('NVDA', group = 'Symbols', inline = 's36') s37 = input.symbol('ORCL', group = 'Symbols', inline = 's37') s38 = input.symbol('OXY', group = 'Symbols', inline = 's38') Make a copy 3 - tickers 77 to 114 s01 = input.symbol('PENN', group = 'Symbols', inline = 's01') s02 = input.symbol('PEP', group = 'Symbols', inline = 's02') s03 = input.symbol('PFE', group = 'Symbols', inline = 's03') s04 = input.symbol('PG', group = 'Symbols', inline = 's04') s05 = input.symbol('PM', group = 'Symbols', inline = 's05') s06 = input.symbol('PYPL', group = 'Symbols', inline = 's06') s07 = input.symbol('QCOM', group = 'Symbols', inline = 's07') s08 = input.symbol('RTX', group = 'Symbols', inline = 's08') s09 = input.symbol('SBUX', group = 'Symbols', inline = 's09') s10 = input.symbol('SCHW', group = 'Symbols', inline = 's10') s11 = input.symbol('SLB', group = 'Symbols', inline = 's11') s12 = input.symbol('SYF', group = 'Symbols', inline = 's12') s13 = input.symbol('T', group = 'Symbols', inline = 's13') s14 = input.symbol('TFC', group = 'Symbols', inline = 's14') s15 = input.symbol('TGT', group = 'Symbols', inline = 's15') s16 = input.symbol('TJX', group = 'Symbols', inline = 's16') s17 = input.symbol('TMUS', group = 'Symbols', inline = 's17') s18 = input.symbol('TSLA', group = 'Symbols', inline = 's18') s19 = input.symbol('TWTR', group = 'Symbols', inline = 's19') s20 = input.symbol('TXN', group = 'Symbols', inline = 's20') s21 = input.symbol('UAL', group = 'Symbols', inline = 's21') s22 = input.symbol('UNH', group = 'Symbols', inline = 's22') s23 = input.symbol('V', group = 'Symbols', inline = 's23') s24 = input.symbol('VIAC', group = 'Symbols', inline = 's24') s25 = input.symbol('WBA', group = 'Symbols', inline = 's25') s26 = input.symbol('WFC', group = 'Symbols', inline = 's26') s27 = input.symbol('WMT', group = 'Symbols', inline = 's27') s28 = input.symbol('WYNN', group = 'Symbols', inline = 's28') s29 = input.symbol('XOM', group = 'Symbols', inline = 's29') s30 = input.symbol('SPY', group = 'Symbols', inline = 's30') s31 = input.symbol('SPY', group = 'Symbols', inline = 's31') s32 = input.symbol('SPY', group = 'Symbols', inline = 's32') s33 = input.symbol('SPY', group = 'Symbols', inline = 's33') s34 = input.symbol('SPY', group = 'Symbols', inline = 's34') s35 = input.symbol('SPY', group = 'Symbols', inline = 's35') s36 = input.symbol('SPY', group = 'Symbols', inline = 's36') s37 = input.symbol('SPY', group = 'Symbols', inline = 's37') s38 = input.symbol('SPY', group = 'Symbols', inline = 's38')
Pine Script® indicator
by soosh_
7
RSI true swingsRelative Strength Index (RSI) is being used by majority of the traders to get benefitted based on the swings. But these swings are hard to Identify. This Indicator uses 4 major factors for finding the potential reversal points: RSI Crossover or crossunder Relative volume Overall volume against the moving average volume Relative closing of the candles Size of the bars Please read Instructions carefully before using this indicator Recommended entry is the OHLC4 of the signal bars. If signal bar is too large, try to enter in the retracement when another signal comes either through indicator or through types of bars when signals comes opposite to the trend, then try to wait for the next signal of same type. This creates a RSI-price divergence in confirmation by volume price action Timeframe can be of your choice Recommended stoploss should be swing highs or lows
Pine Script® indicator
by iitiantradingsage
18
Relative strength DivergenceThe following indicator uses relative comparison of two assets by the formula n/s3, where n is the t asset on the screen while s3 the underlying assets it is being compared to. The usefulness of the indicator is to primarily compare the assets being traded like BTC (most prominent crypto with largest market cap), with some other crypto like TRX(this has a relatively smaller market cap). Since we get a broader market view through relative comparison of the two assets, the most important function is to find the edge through divergences. Just like RSI the divergences rules would be the same and most important trades would be trades in the direction of the trend along accompanies by divergences that are in line with the trend. Simple divergences work for the best trades with default settings. Although BTCUSD is the default asset to compare with it can be switched with any other asset as well, but it is very much preferred that one uses some type of index as the base asset for comparison. Other than that for simple trading the trend MA crossover can also be used as a signal for simple trend following.
Pine Script® indicator
by MrBeaar
Relative StrengthPowerful tool to calculate and display the strength of a security compared to another security. Some Main purposes are: - finding new leadership in a market correction - comparing a market leader with a top competitor - tracking rotation in the market .. and so much more! This tool is highly configurable, you can especially change: - The reference symbol (SPY, QQQ, BTCUSD, ...) - The time span to indicate a new High or Low in a certain time-frame - Factorize your RS-Chart to make it fit to the original chart. (Moves the chart up or down) - Option to repaint your candles / bars when a new RS High occurs in the given timeframe. Enjoy and have a great day! Powerful_Trading
Pine Script® indicator
by Powerful_Trading
2
Relative Strength Volatility Variable Bands [DW]This is an experimental adaptive trend following study inspired by Giorgos Siligardos's Reverse Engineering RSI and Tushar S. Chande's Variable Moving Average. In this study, reverse engineered RSI levels are calculated and used to generate a volatility index for VMA calculation. First, price levels are calculated for when RSI will equal 70 and 30. The difference between the levels is taken and normalized to create the volatility index. Next, an initial VMA is calculated using the created volatility index. The moving average is an exponential calculation that adjusts the sampling length as volatility changes. Then, upper and lower VMAs are calculated by taking a VMA of prices above and below the initial VMA. The midline is produced by taking the median of the upper and lower VMAs. Lastly, the band levels are calculated by multiplying the distance from the midline to the upper and lower VMAs by 1, 2, 3, 4, and 5. Bar colors are included. They're based on the midline trend and price action relative to the upper and lower VMAs.
Pine Script® indicator
by DonovanWall
11