Candle Range CompareThis one compares the total candle height (Low to High), body size, also top and bottom wick sizes. I really don't know when it would be best to use this, but it gives a 0 baseline to compare candles side-by-side also to compare body size to wick size.
*Notes*
- The tallest of course is high minus low
- whether or not the close is above the open, the body size is the column in front of the total size of course
- wicks are from 0 up for the top wick and 0 down for the bottom wick.
Comparison
Relative StrengthRelative strength is a ratio between two assets, most often a stock and a market average (index). This implementation uses the method described here and the second method described here to calculate its value: "To calculate the relative strength of a particular stock, divide the percentage change over some time period by the percentage change of a particular index over the same time period". This indicator oscillates around zero. If the value is greater than zero, the investment has been relatively strong during the selected period; if the value is less than zero, the investment has been relatively weak. The period and the comparative symbol can be set in the settings for the indicator (the defaults are 50 and SPX), there you can also find an option to turn on a moving average.
Correlation Candles [DW]This is a simple study designed to visualize price correlations between securities.
Price relation viewer - add percent change of two symbols (BETA)This script is very much beta!
This is a simple script to visualize how two symbols move in relation to each other. For example if the underlying symbol is a 2x Gold ETF (meaning the ticker moves at 2x the spot price of gold---if gold goes up 3% this ticker should go up 6%) and the comparison symbol is an 2x inverse gold ETF (at gold up 3% this should move down 6%). If these ETFs were 100% accurate at tracking the price of gold then this tool would report a value of zero at all times.
Day 1
Ticker - $10
Comparison - $10
Day 2
Ticker - $12
Comp - $11
This tool value - |20%| + -|10%| = 10%
It uses a short simple moving average to smooth things out a bit (see inputs). It is important to keep your axis scale in mind when using this! Two symbols that are always near zero mean they are offsetting each other very well but the value displayed might range from 0 to 0.005, but the graphed area can make it look extreme if autoscaled.
This is a tool with very specific uses : comparing how one digital currency moves in relation to bitcoin's price, comparing how gold moves in relation to silver, etc.
Bitcoin Exchanges PremiumThis is a % premium vs average BTCUSD price. In other words, how much % more are exchanges selling bitcoin at compared to normal BTCUSD price?
Blue: Korea
Red: Japan
Yellow: China
Green: USD Exchanges including Bitfinex, Poloniex, Coinbase, and Bitstamp
Hersheys CoCo VolumeCoCo Volume shows you volume movement of your symbol after subtracting the movement from another symbol, preferrably the sector or market the stock belongs to.
My latest update to my CoCoVolume Indicator. It calculates today's volume percent over the 60 period average for both your symbol and index, and displays that difference. If the percent is over the max it highlights the color, showing BIG action for that stock.
The last version was calculating the percent volume difference from yesterday to today for the stock and index and displaying the difference. The prior method had large swings on low volume stocks... this one shows the independent volume action much better. The default values will suit most stocks.
You can set three variables...
- the index symbol, default is SPY
- the period for averaging, default is 60
- the max volume percent, default is 500
Good trading!
Brian Hershey
Hersheys CoCo VolumeThis simple but powerful indicator takes the volume changes from another symbol and removes them from your symbol, so you can compare stock/market or stock/sector or sector/market relationships.
When used together with Hersheys CoCo Bars, you get a very unique view of what's going on!
Good trading!
Brian Hershey
Hersheys CoCo BarsThis is my latest attempt to show price movement differences between symbols. I want to see the buying and selling pressure... is that price movement going with the market or is it moving alone? It's VERY interesting to watch this indicator and see how things play out!
In my previous versions the arrows on the chart were too much clutter, while the single row of color under the chart was not enough info. Also, I removed the calculations to build a world index because the correlation between US and world markets is a hard nut to crack, plus it took many seconds to calculate.
So here is "CoCo Bars", which clearly show price moves with or against another symbol. The default symbol is the US index SPY. The coolest thing here is there are three rows of data in ONE INDICATOR! Many thanks to user rollas for helping with that code.
"CoCo" stands for correlation coefficient, which is what I was studying when I got the idea for this project.
GREEN bars in row #1 = Symbol up, US up, Symbol up more than US
RED bars in row #2 = Symbol down, US down, Symbol down more than US
In rows 1 and 2 the color intensity is based on the biggest difference, light, medium and dark colors.
green/red colors in bottom row are a 7 period average of the sum of price changes of both symbol and index, green = positive, red = negative
Enjoy, and good trading!
Brian Hershey