BIG Professional Relative Rotation GraphPROFESSIONAL RELATIVE ROTATION GRAPH (RRG)
SUMMARY
The Professional Relative Rotation Graph (RRG) is a powerful charting tool that visualizes the **relative strength** and **momentum** of multiple assets (currencies, commodities, or sectors) compared to a benchmark on a single quadrant chart. This overlay is discreetly displayed in the top-left corner of your chart, enabling a fast, visual assessment of market and sector trends.
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HOW THE RRG WORKS
The RRG uses two key metrics:
1. Relative Strength (RS-Ratio): Measures an asset's long-term performance relative to the benchmark (X-Axis). Values above 100 indicate outperformance.
2. Relative Momentum (RS-Momentum): Measures the short-term rate of change in relative strength (Y-Axis). Values above 100 indicate rising momentum.
THE FOUR QUADRANTS
The asset's position shows its current market phase.
* LEADING: Outperforming in strength and rising momentum (Bullish).
* WEAKENING: Outperforming in strength, but falling momentum (Caution).
* LAGGING: Underperforming in strength and falling momentum (Bearish).
* IMPROVING: Underperforming in strength, but rising momentum (Recovery).
AREAS OF APPLICATION
Select the desired RRG Type via the inputs:
* Forex RRG: Compares currencies relative to the DXY.
* Commodity RRG: Compares commodities relative to the DJP.
* Equity Sectors RRG: Compares US sectors relative to the SPY.
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USAGE NOTES (MAX 8 LINES)
The RRG tracks rotation of assets through the quadrants.
1. Ideal Entry: Look for the rotation: Lagging → Improving → Leading.
2. Ideal Exit/Short: Look for the rotation: Leading → Weakening → Lagging.
3. Positions are always relative to the benchmark (DXY, SPY, or DJP).
4. The RRG Type input switches between asset groups.
5. Use Zoom Factor to better distinguish closely clustered assets.
6. Trail Points confirm the current direction of the asset's movement.
Relative Strength Comparison
Currency Strength Meter (8 Majors) — invincible3
📊 Currency Strength Meter (8 Majors) — Description
The Currency Strength Meter (8 Majors) calculates the relative performance of the major global currencies — USD, EUR, GBP, JPY, AUD, NZD, CAD, CHF — using aggregated logarithmic returns across all major FX pairs. Strength values are normalized on every bar, allowing users to quickly identify the strongest and weakest currencies at any moment in time.
Each currency’s strength is computed from a basket of 7 related currency pairs, smoothed with EMA, converted into z-scores, and finally normalized to a 0–100 scale for easy comparison.
A built-in table displays the real-time strength for all currencies, along with bar-to-bar delta and directional arrows.
🔶 SETTINGS
General
Broker Prefix
Select the broker symbol prefix used for pair requests (e.g., OANDA:, FX_IDC:).
Calculation Timeframe
Timeframe used to calculate the log returns of currency pairs.
Higher timeframes reduce noise, lower timeframes increase sensitivity.
Lookback Bars
Number of bars (on the calculation timeframe) used to measure logarithmic performance.
Smoothing (EMA)
Smooths currency strength with an EMA of selectable length.
Plot Lines
Option to display the normalized strength of each currency (0–100) directly on the chart.
🔹 Strength Meter Table
Show Table
Enables the on-chart strength meter table.
Show ▲▼ Delta Arrows
Displays directional arrows indicating bar-over-bar momentum:
▲ increasing strength
▼ decreasing strength
• neutral
Size
Controls the table text size (Tiny → Huge).
Layout
Shows:
Currency name & flag
Strength (0–100)
Delta (current – previous bar)
🔶 USAGE
This indicator helps traders quickly determine which currencies are strong and which are weak , and how that strength evolves over time.
Because currencies are evaluated relative to one another , trend strength becomes easier to identify across FX pairs.
Use cases include:
Finding strong vs. weak currency pair combinations
Confirming trend continuation or exhaustion
Identifying momentum shifts through the delta column
Spotting early reversals when strength begins to diverge
Comparing currency performance over multiple timeframes
📈 Example Interpretation
If the USD shows:
Strength = 82
Delta = +3 (▲)
…USD is not only strong, but also getting stronger relative to the previous bar.
If AUD shows:
Strength = 22
Delta = -5 (▼)
…AUD is weak and weakening further.
This makes strong/weak pairing intuitive:
Prefer strong vs weak pairs (e.g., USD/AUD if USD strong & AUD weak)
Avoid neutral or mixed-strength pairs
🔶 DETAILS
Currency Strength Calculation
For each currency pair, the indicator calculates the log-return over the selected lookback window.
Each currency aggregates 7 major related pairs to form a composite strength value.
The aggregated value is smoothed using EMA.
All 8 currencies are converted into z-scores, then normalized to a 0–100 scale for cross-sectional comparison.
A bar-to-bar delta is computed to reveal strengthening or weakening momentum.
This structure ensures the indicator remains stable, consistent, and highly responsive for intraday and higher-timeframe trading.
EMA Pullback Pro V8.5Introduction to High-Probability Trend Trading
The EMA PBN Pro 8.5 is a specialized trading suite designed to assist scalpers and day traders in identifying high-probability trend continuation setups.
In professional trading, one of the most difficult challenges is distinguishing between a genuine "dip" in an uptrend and the beginning of a reversal. Many traders lose capital by entering pullbacks too early (catching a falling knife) or too late (chasing the move). This script addresses that issue by combining multiple layers of trend analysis into a single, objective visual interface.
The Philosophy Behind the Script
This tool is built on the core principle that price action in strong trends tends to respect dynamic support and resistance zones derived from institutional moving averages and relative strength flows.
Trend Alignment: Markets are fractal. A 5-minute pullback is often a 1-minute downtrend. This system uses multi-factor analysis to ensure you are trading in the direction of the dominant momentum, filtering out low-quality "chop" environments where moving averages lose their efficacy.
Relative Strength (RS/RW): Asset selection is key. Trading an asset that is showing relative strength compared to the broader market index (like SPY or QQQ) significantly increases the probability of a successful bounce. This script incorporates logic to highlight assets that are outperforming their peers.
Objective Entries: By visually plotting "Value Zones," the script removes the guesswork. It waits for specific confluence criteria—momentum exhaustion, trend alignment, and relative strength—before suggesting an area of interest.
Features Overview
Dynamic Trend Filtering: Color-coded zones indicate when the market is in a "safe" buy/sell zone versus a neutral zone where cash is the best position.
Pullback Detection: Automatically identifies optimal zones for re-entry into established trends, helping traders enter on weakness in strong stocks.
Noise Reduction: The algorithm smoothes out insignificant price fluctuations, allowing the trader to focus on the structural moves of the session.
Access and Permissions
This is a proprietary, Invite-Only script. It is protected to prevent unauthorized distribution and to maintain the integrity of the strategy for current users.
The source code is hidden.
Access is granted on a per-user basis.
Please refer to the Author's Instructions section below for details on how to request access or trial the system.
(Note: This tool is for educational purposes only. Past performance is not indicative of future results. Always manage your risk.)
Sector Performance (2x12 Grid, labeled)Sector Performance Dashboard that tracks short-term and multi-interval returns for 24 major U.S. market ETFs. It renders a clean, color-coded performance grid directly on the chart, making sector rotation and broad-market strength/weakness easy to read at a glance.
The dashboard covers t wo full rows of liquid U.S. sector and thematic ETFs, including:
Row 1 (Core Market + GICS sectors)
SPY, QQQ, IWM, XLF, XLE, XLRE, XLY, XLU, XLP, XLI, XLV, XLB
Row 2 (Extended industries / themes)
XLF, XBI, XHB, CLOU, XOP, IGV, XME, SOXX, DIA, KRE, XLK, VIX (VX1!)
Key features include:
Time-interval selector (1–60 min, 1D, 1W, 1M, 3M, 12M)
Automatic rate-of-return calculation with inside/outside-bar detection
Two-row, twelve-column grid with dynamic layout anchoring (top/middle/bottom + left/center/right)
Uniform white text for clarity, while inside/outside candles retain custom colors
Adaptive transparency rules (heavy/avg/light) based on magnitude of % change
Ticker label normalization (cleans up prefixes like “CBOE_DLY:”)
Relative Strength TableRelative Strength Table
1. Overview and Key Features
The Relative Strength Table is an indicator that compares multiple tickers against a benchmark (default: SPY) and displays their relative strength.
It is designed to help analyze stock leadership, sector trends, and portfolio performance in one consolidated table.
You can freely input up to 20 tickers from the Inputs panel, allowing flexible comparisons.
(If 20 tickers feel too limited, let me know in the comments — I’ll expand it.)
2. How the RS Percentile Is Calculated and What It Means
The RS Percentile shows how strong the current price ratio is compared to past data, expressed as a percentile rank.
First, the indicator calculates the price ratio by dividing the ticker’s close by the benchmark’s close.
Then, it compares the latest ratio with historical ratio data and determines its percentile value.
Examples:
・80% or higher → relatively strong
・Around 50% → neutral
・40% or below → relatively weak
3. Indicator Features and Customization
3-1. RS Lookback Settings
You can set up to four lookback periods for RS calculation and customize the bar count for each.
Default values are 5, 21, 63, and 126 bars.
You can choose which column to sort by, and the selected column is marked with an asterisk.
Each RS column can be shown or hidden individually via checkboxes.
3-2. Visual Highlight Settings
Relative strength can be color-coded for clarity.
You can freely customize:
・Highlight colors
・Threshold values
・On/off toggles for each highlight layer
3-3. Default Tickers and Reset Function
These 16 sector ETFs are included as the default ticker set:
QQQ, QQQE, RSP, DIA, IWM, XLV, XLE, XLF, XLRE, XLB, XLP, XLU, XLY, XLK, XLC, XLI
You can return to the default list anytime by pressing the refresh button next to the ticker fields.
4. Use Cases and Analysis Examples
4-1. Sector Rotation Analysis
By comparing RS across multiple periods, you can easily identify:
・Sectors gaining short-term strength
・Sectors with steady long-term inflows
A sharp rise in short-term RS may signal the early stages of a rotation.
4-2. Identifying Leaders Within a Sector
You can compare up to 20 tickers at once, making it easy to spot true sector leaders.
4-3. Objective Evaluation of Portfolio Holdings
By entering your portfolio tickers, you can instantly see:
・Whether each name is outperforming or underperforming
・Which timeframes show strength
・How each ticker compares to the benchmark
Luxy Sector & Industry RS AnalyzerEver wonder why some stocks soar while others in the same sector barely move? Or why your perfectly timed entry still loses money? Possibly the answer can be found in Relative Strength.
The Luxy Sector & Industry RS Analyzer solves a critical problem that most traders overlook: picking strong stocks in strong sectors AND strong industries . It's not enough for a stock to go up - you want stocks that are crushing their competition at both the sector AND industry level. This indicator does the heavy lifting by automatically comparing your stock against its sector ETF, industry ETF, the broader market, sector leader, and industry leader, giving you a complete multi-level picture of relative performance.
What makes this different?
- Automatic sector AND industry detection - no manual setup required
- Multi-level hierarchy analysis: Market → Sector → Industry → Stock
- Multi-timeframe analysis (1 month to 1 year) in one glance
- Industry ETF mapping (30+ industries covered)
- Clear 0-100 scoring system with letter grades (A+ to F)
- Works on stocks, crypto, forex, and commodities
- Real-time updates with anti-repaint protection
Think of it as your performance dashboard - instantly showing you if you're trading a champion or a laggard at every level of the market hierarchy.
METHODOLOGY & ATTRIBUTION
This indicator is based on classical Relative Strength (RS) analysis principles from technical analysis. RS methodology compares an asset's price performance against a benchmark to identify relative outperformance or underperformance. This concept has been used by professional traders and institutions for decades.
Key Concepts Used:
Relative Strength (RS) - Classical technical analysis concept measuring comparative performance
Multi-Level Hierarchy Analysis - Market → Sector → Industry → Stock comparison
Sector Rotation Analysis - Identifying which sectors are leading or lagging the market
Industry Rotation Analysis - Identifying which industries are leading within their sectors
Multi-period Performance Analysis - Evaluating strength across multiple timeframes
Beta Calculation - Standard statistical measure of volatility relative to a benchmark
DISCLAIMER: This indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Past performance does not guarantee future results. Trading involves risk and may not be suitable for all investors. Always do your own research and consult with a financial advisor before making investment decisions.
with all rows visible - capture when stock has strong RS score (70+) so users can see what a "good" setup looks like]
WHAT THE INDICATOR SHOWS
1. AUTOMATIC ASSET TYPE DETECTION
The indicator automatically identifies what you're analyzing and adjusts accordingly:
Stocks - Compares to sector ETF (XLK, XLF, XLV, etc.) and SPY
Crypto - Compares to Total Crypto Market Cap and Bitcoin
Forex - Compares to relevant currency index (DXY, EXY, etc.)
Commodities - Compares to Gold (GLD) as benchmark
Indices - Compares to broader market indices
How it works: The indicator reads your chart's asset type and ticker, then automatically maps it to the correct sector or benchmark. For stocks, it uses intelligent sector detection (looking at the sector field) to match you with the right sector ETF. For example:
- Technology stocks get compared to XLK (Technology Select Sector SPDR)
- Financial stocks get compared to XLF (Financial Select Sector SPDR)
- Healthcare stocks get compared to XLV (Health Care Select Sector SPDR)
This happens instantly when you add the indicator to any chart - no configuration needed.
2. SECTOR & MARKET BENCHMARKS
What is a Sector ETF?
A sector ETF is an exchange-traded fund that tracks a specific industry group. For example, XLK contains all major technology companies. By comparing your stock to its sector ETF, you can see if your stock is outperforming or underperforming its peers.
The indicator shows three key comparison points:
Stock vs Sector (Benchmark)
This tells you how your stock performs compared to companies in the same industry. Positive numbers mean your stock is beating the sector average. Negative numbers mean it's lagging behind.
Stock vs Market (SPY)
This shows performance against the broader S&P 500 index. This is important because even if a stock beats its sector, the entire sector might be weak. You want stocks that beat both their sector AND the market.
Sector vs Market
This reveals "sector rotation" - whether money is flowing into or out of this sector. When this number is positive, the whole sector is hot and leading the market. This is powerful because strong sectors tend to lift all boats, making it easier to find winners.
3. MULTI-PERIOD PERFORMANCE ANALYSIS
The indicator calculates performance across four timeframes simultaneously:
1 Month (1M) - Recent short-term momentum
3 Months (3M) - Medium-term trend strength
6 Months (6M) - Longer-term positioning
1 Year (1Y) - Full-cycle performance view
Why multiple periods matter:
A stock might look great over 1 month but terrible over 6 months - that's a red flag. The best stocks show consistent strength across all timeframes . When you see positive RS (Relative Strength) values across all four periods, you've found a stock with sustained outperformance.
Each row in the table shows:
- Raw performance percentage for that period
- RS value (the difference compared to benchmark)
- Color coding: Green for positive, red for negative, white for neutral
4. SECTOR LEADER COMPARISON
The indicator automatically identifies and compares your stock to the sector leader - the dominant stock in that industry.
Sector leaders by industry:
Technology: Apple (AAPL)
Healthcare: UnitedHealth (UNH)
Financial: JPMorgan Chase (JPM)
Energy: ExxonMobil (XOM)
Consumer Discretionary: Amazon (AMZN)
Consumer Staples: Walmart (WMT)
And more...
Why this matters:
Comparing to the leader shows you if you're trading a champion or a follower. If your stock consistently beats the sector leader, you've found something special. If it's lagging the leader, you might want to trade the leader instead.
Optional Custom Leader:
You can override the automatic leader and compare to any stock you choose. This is useful if you want to benchmark against a specific competitor or reference stock.
NEW! INDUSTRY ANALYSIS (STOCKS ONLY)
The indicator now provides multi-level analysis by automatically detecting and comparing your stock to its specific industry , not just the broad sector.
Why Industry matters:
Technology sector (XLK) contains many different industries: Software, Semiconductors, Hardware, etc. A software stock might beat the broad tech sector but lag behind other software companies. Industry analysis provides this granular view.
Industry ETF Mapping (30+ industries):
Software/Applications: IGV (iShares Software ETF)
Semiconductors: SMH (VanEck Semiconductor ETF)
Biotech: IBB (iShares Biotechnology ETF)
Pharmaceuticals: XPH (SPDR Pharmaceuticals ETF)
Banks: KBE (SPDR S&P Bank ETF)
Regional Banks: KRE (SPDR Regional Banking ETF)
Oil & Gas Exploration: XOP (SPDR Oil & Gas Exploration ETF)
Homebuilders: XHB (SPDR Homebuilders ETF)
Retail: XRT (SPDR S&P Retail ETF)
Aerospace & Defense: ITA (iShares U.S. Aerospace & Defense ETF)
And many more...
Industry Leader Mapping:
The indicator also identifies the leader within each industry:
Software: Microsoft (MSFT)
Semiconductors: NVIDIA (NVDA)
Biotech: Amgen (AMGN)
Pharmaceuticals: Eli Lilly (LLY)
Banks: JPMorgan (JPM)
Oil Exploration: ConocoPhillips (COP)
And more...
New Table Rows for Stocks:
Industry ETF Performance - How the specific industry performed (green background)
Industry Leader Performance - How the top stock in the industry performed
vs Industry RS - Your stock's outperformance vs its industry ETF
Industry vs Sector RS - Is this industry hot or cold within its sector?
vs Industry Leader RS - Your stock's performance vs the industry's best
Why this is powerful:
A stock that beats both its sector AND its industry is showing strength at every level. This indicates true relative strength, not just riding sector-wide momentum.
Optional Custom Industry:
You can override automatic detection for both Industry ETF and Industry Leader in settings.
5. RS SCORE & GRADING SYSTEM (0-100)
The heart of the indicator is the RS Score - a weighted calculation that distills all the performance data into one clear number from 0 to 100.
How the score is calculated:
FOR STOCKS (with Industry data):
The indicator splits the weight between Sector (60%) and Industry (40%):
SECTOR RS (60% of total weight):
1 Month RS: 24% weight (40% × 0.6)
3 Month RS: 18% weight (30% × 0.6)
6 Month RS: 12% weight (20% × 0.6)
1 Year RS: 6% weight (10% × 0.6)
INDUSTRY RS (40% of total weight):
1 Month RS: 16% weight (40% × 0.4)
3 Month RS: 12% weight (30% × 0.4)
6 Month RS: 8% weight (20% × 0.4)
1 Year RS: 4% weight (10% × 0.4)
FOR OTHER ASSETS (Crypto, Forex, Commodities):
Uses full 100% weight on benchmark:
1 Month RS: 40% weight
3 Month RS: 30% weight
6 Month RS: 20% weight
1 Year RS: 10% weight
It starts at 50 (neutral) and adds or subtracts points based on your asset's relative strength in each period.
Bonus points:
+5 points if the sector is outperforming the market (sector rotation is bullish)
+5 points if the industry is outperforming its sector (hot industry) - STOCKS ONLY
+5 points if RS momentum is improving (getting stronger over time)
-5 points if RS momentum is declining (getting weaker)
The final score is capped between 0-100.
Letter Grade System:
90-100: A+ - Elite performer, crushing the sector
85-89: A - Excellent, strong outperformer
80-84: A- - Very good, above average
75-79: B+ - Good, solid performer
70-74: B - Above average, decent strength
65-69: B- - Slightly above average
60-64: C+ - Average, neutral strength
55-59: C - Below average
50-54: C- - Weak, slight underperformance
45-49: D+ - Concerning weakness
40-44: D - Poor, significant underperformance
0-39: F - Failing, avoid this stock
What scores mean for trading:
- RS Score above 70: Strong stocks worth considering for long positions
- RS Score 50-70: Average stocks, better opportunities elsewhere
- RS Score below 50: Weak stocks, avoid or consider for shorts
6. CONSISTENCY SCORE
This metric shows what percentage of time periods show positive RS .
For STOCKS (with Industry data):
Counts both Sector RS periods AND Industry RS periods (up to 8 total periods):
- If a stock beats both sector and industry in all 4 periods each: Consistency = 100% (8/8)
- If it beats in 6 out of 8 total periods: Consistency = 75%
- If it beats in 4 out of 8 total periods: Consistency = 50%
For OTHER ASSETS:
Counts benchmark periods only (4 total):
- If it beats benchmark in all 4 periods (1M, 3M, 6M, 1Y): Consistency = 100%
- If it beats in 3 out of 4 periods: Consistency = 75%
- If it beats in 2 out of 4 periods: Consistency = 50%
Why consistency matters:
A high RS Score with low consistency might indicate a recent spike that could fade. The best stocks show both high RS Score AND high consistency - they're strong now AND have been strong historically at both the sector AND industry level.
Look for stocks with:
Consistency above 75%: Very reliable strength across all levels
Consistency 50-75%: Decent but check other metrics
Consistency below 50%: Weak or erratic, proceed with caution
7. BETA CALCULATION (Volatility Measure)
Beta measures how much more volatile your stock is compared to its sector.
Beta > 1.2 : High volatility - stock moves more aggressively than sector (marked as "High")
Beta 0.8-1.2 : Normal volatility - moves roughly in line with sector
Beta < 0.8 : Low volatility - stock is more stable than sector (marked as "Low")
Formula used:
Beta = Correlation(Stock, Sector) × (Standard Deviation of Stock / Standard Deviation of Sector)
This uses a 20-period calculation for reliability.
How to use Beta:
- High Beta stocks offer bigger gains but also bigger risks - good for aggressive traders
- Low Beta stocks are more defensive - good for conservative positions
- Match Beta to your risk tolerance and strategy
8. DAYS ABOVE/BELOW SECTOR
This tracks consecutive periods (bars) where your stock outperforms or underperforms its sector.
Days Above Sector:
Counts how many bars in a row your stock has beaten the sector.
10+ days: Strong sustained strength (shown in bright green)
5-9 days: Building momentum (shown in yellow)
1-4 days: Early strength (shown in white)
0 days: Not currently outperforming
Days Below Sector:
Counts how many bars in a row your stock has lagged the sector.
10+ days: Sustained weakness (shown in bright red)
5-9 days: Losing momentum (shown in orange)
1-4 days: Minor weakness (shown in white)
0 days: Not underperforming (this is good!)
Why this matters:
Long streaks show trend persistence. A stock with 15+ days above sector is riding strong momentum. A stock with 15+ days below sector is in a sustained downtrend relative to peers.
9. PRICE VS 52-WEEK HIGH
Shows where current price sits relative to its 52-week high (or equivalent for your timeframe).
95%+ (green) : Stock is near all-time highs - strong positioning
80-94% (yellow) : Stock is in a pullback but still relatively strong
Below 80% : Stock has pulled back significantly from highs
Why this matters:
The strongest stocks stay near their highs. When you see a stock with high RS Score AND price near 52W high, you've found a stock with institutional support and strong buying pressure.
10. RELATIVE VOLUME
Compares current volume to the 20-period average volume.
1.5x+ (green) : High volume - significant interest and participation
Around 1.0x : Average volume - normal trading activity
Below 1.0x : Low volume - less interest or inactive period
Why volume matters:
High relative volume confirms price moves. When a stock makes a strong move on 2x or 3x normal volume, it's more likely to sustain. Low volume moves are often just noise.
11. AVERAGE RS STRENGTH
This calculates the average absolute value of all RS readings across the four timeframes.
It shows the magnitude of divergence from the sector, regardless of direction. A high number means the stock moves very differently from its sector (could be much stronger or much weaker). A low number means it tracks closely with the sector.
High Average RS: Stock has strong character, moves independently
Low Average RS: Stock follows sector closely, lacks individual strength
12. SECTOR ROTATION SIGNAL
This indicator automatically detects when a sector is experiencing bullish rotation - meaning money is flowing into the sector and it's outperforming the broader market.
Condition for bullish rotation:
Sector must be beating SPY (market) in both 1-month AND 3-month periods.
Why this matters:
Stocks in hot sectors tend to perform better because they have tailwinds from sector-wide buying. When sector rotation is bullish and your stock has a high RS Score, you've found an ideal setup.
The indicator adds +5 bonus points to the RS Score when sector rotation is bullish.
13. MOMENTUM DETECTION
The indicator compares 1-month RS to 3-month RS to detect if momentum is improving or declining.
RS Momentum Improving: 1M RS is better than 3M RS - stock is getting stronger (adds +5 to score)
RS Momentum Declining: 1M RS is worse than 3M RS - stock is getting weaker (subtracts -5 from score)
Why momentum matters:
You want to catch stocks as momentum is building, not after it's already peaked. Improving momentum suggests the strength is accelerating, not fading.
14. OVERALL ASSESSMENT & RECOMMENDATION
The indicator provides two quick summary rows:
Overall Rating:
Based on grade and RS Score, you get an instant quality rating:
Strong Leader (A/A+) - Top tier stock, crushing it
Above Average (A-/B+) - Solid performer, better than most
Average (B/B-) - Middle of the pack
Below Average (C/C+) - Struggling, watch carefully
Underperformer (D/F) - Weak stock, underperforming badly
Trading Signal:
Combines multiple factors to give setup quality:
STRONG BUY SETUP - RS Score 70+, Consistency 75+, AND sector rotation bullish. This is the perfect storm - strong stock, consistent strength, hot sector.
BULLISH - RS Score 60+, Consistency 50+. Good quality stock worth considering.
NEUTRAL - RS Score 50+. Okay but not exciting, better opportunities exist.
WEAK - RS Score 40-49. Below average, risky.
AVOID - RS Score below 40. Stay away, too weak.
IMPORTANT: These are educational signals only, not financial advice. Always do your own analysis and risk management.
KEY FEATURES
1. AUTOMATIC EVERYTHING
- Auto-detects asset type (stock, crypto, forex, commodity, index)
- Auto-maps stocks to correct sector ETF (11 sectors covered)
- Auto-maps stocks to correct industry ETF (30+ industries covered)
- Auto-identifies sector leader AND industry leader
- Auto-selects appropriate market benchmark
- Zero configuration required - just add to chart
2. MULTI-ASSET SUPPORT
Works on all asset classes:
US Stocks - Compares to sector ETFs (XLK, XLF, XLV, etc.)
Crypto - Compares to Total Crypto Market Cap
Forex - Compares to currency indices (DXY, EXY, etc.)
Commodities - Compares to Gold (GLD)
Indices - Compares to broader market benchmarks
3. FLEXIBLE DISPLAY
9 table positions (top/middle/bottom, left/center/right)
4 size options (tiny, small, normal, large)
Show/hide table completely
Real-time indicator toggle
4. TIMEFRAME FLEXIBILITY
Choose your analysis timeframe:
Chart Timeframe (default) - Uses whatever timeframe your chart is on
Fixed: 1 Hour, 4 Hours, Daily, Weekly - Forces calculations to specific timeframe
This means you can be on a 5-minute chart but analyze RS on Daily timeframe if you prefer.
5. RS SCORE FILTERING
Set a minimum RS Score threshold to only see strong stocks:
Set to 0 - Shows all stocks
Set to 70 - Only displays stocks with RS Score 70+ (strong stocks only)
Warning message displays if stock doesn't meet threshold
Perfect for screening - quickly scan multiple charts and the indicator only shows tables for stocks that pass your quality filter.
6. CUSTOM LEADER COMPARISON
Override automatic leader detection:
Compare to any ticker you choose
Benchmark against specific competitors
Use your own reference stocks
7. COMPREHENSIVE TOOLTIPS
Every input parameter and every table row has detailed tooltips explaining:
What the metric measures
How to interpret the values
What thresholds indicate strength/weakness
Why it matters for trading
Hover over any element to learn - it's like having a trading coach built in.
8. SMART ALERTS
Built-in alert system for key events:
Divergence Alerts:
Get notified when your stock diverges significantly from its sector.
Bullish Divergence: Stock beating sector by threshold percentage
Bearish Divergence: Stock losing to sector by threshold percentage
Set your threshold (default 5%) - this determines how big a divergence triggers the alert.
RS Score Alerts:
Get notified when RS Score crosses your threshold:
Crossed Above: RS Score went from below to above your threshold (bullish)
Crossed Below: RS Score dropped from above to below threshold (bearish)
Set your threshold (default 70) to focus on strong stocks.
Sector Rotation Alert:
Fires when sector shows bullish rotation (outperforming market).
HOW TO USE THE INDICATOR
FOR SWING TRADERS:
1. Add indicator to your watchlist stocks
2. Look for RS Score 70+ with Consistency 75%+
3. Check if sector rotation is bullish (bonus!)
4. Verify price is near 52W high (95%+)
5. Wait for entry setup on your chart
6. Use stop loss below key support
Example Setup:
Stock shows:
- RS Score: 82 (Grade: A-)
- Consistency: 100% (strong across all periods)
- Sector Rotation: Bullish
- Price vs 52W High: 96%
- Days Above Sector: 12 days
- Relative Volume: 1.8x
This is a textbook strong stock in a hot sector near highs - ideal for swing long.
FOR POSITION TRADERS:
1. Focus on 6-month and 1-year RS values
2. Look for sustained outperformance (Consistency 75%+)
3. Prefer lower Beta stocks (less volatility)
4. Check Days Above Sector for trend persistence
5. Monitor RS Score monthly, exit if drops below 60
FOR ACTIVE TRADERS:
1. Use on intraday timeframes (1H or 4H)
2. Set RS Score filter to 60+ for quick screening
3. Enable Divergence Alerts
4. Watch for momentum improving signal
5. Higher Beta stocks offer more movement
FOR SHORT SELLERS:
1. Look for RS Score below 40 (Grade: D or F)
2. Check for declining momentum
3. Verify Days Below Sector is increasing (10+)
4. Sector rotation should be bearish
5. Price should be well off 52W high
WHAT MAKES A PERFECT SETUP:
The holy grail combination:
RS Score: 75+ (A- or better)
Consistency: 80%+ (strong across time - beats sector AND industry)
Sector Rotation: Bullish (hot sector)
Industry vs Sector: Positive (hot industry within sector)
Days Above Sector: 10+ (sustained strength)
Momentum: Improving (getting stronger)
Price vs 52W High: 90%+ (near highs)
Relative Volume: 1.5x+ (volume confirmation)
When you find this combination, you've located a stock with every advantage in its favor - strong at the stock level, industry level, AND sector level. That's multi-level confirmation of relative strength.
IMPORTANT NOTES
Data Reliability:
All calculations use lookahead=off for anti-repaint protection
Historical values will never change
Real-time indicator toggle only affects the visual clock icon, not data reliability
All security requests are properly configured to prevent future data leakage
Sector Mapping Notes:
Sector detection uses TradingView's sector field
Some stocks may not have sector data - indicator will adapt
Sector ETFs used: XLK, XLF, XLV, XLE, XLY, XLP, XLI, XLB, XLRE, XLU, XLC
Major market ETFs (SPY, QQQ, DIA) are treated as market benchmarks, not stocks
Multi-Asset Notes:
Crypto compares to CRYPTOCAP:TOTAL (total crypto market cap)
Forex compares to relevant currency index based on base currency
Commodities compare to Gold (GLD) as primary commodity benchmark
Custom leaders can be set for any asset type
FREQUENTLY ASKED QUESTIONS
Q: What does RS Score of 75 actually mean?
A: It means your stock is strongly outperforming its sector across multiple timeframes. The score is weighted toward recent performance (1-month gets 40% weight), so 75 indicates sustained relative strength with emphasis on current momentum.
Q: My stock has high RS Score but is going down. Why?
A: RS Score measures relative performance (vs sector/market), not absolute price direction. A stock can fall 5% while its sector falls 10% - that's still positive relative strength. In bear markets or sector corrections, high RS stocks often fall less than peers.
Q: Should I only trade stocks with RS Score above 70?
A: For long positions, yes - focus on 70+ scores. These stocks have proven they can beat their sector. However, for pairs trading or relative value plays, you might also short stocks with scores below 40 while longing stocks above 70.
Q: What if my stock doesn't have a sector?
A: The indicator handles this gracefully. If no sector is detected, it will compare directly to the market (SPY for stocks). Some rows may show N/A, but the indicator will still provide useful market-relative data.
Q: Why does the sector sometimes show N/A?
A: This happens when: 1) Your asset has no sector classification, 2) The stock IS the sector ETF itself, 3) You're analyzing a non-stock asset (crypto, forex, commodity). The indicator adapts by focusing on market-relative metrics instead.
Q: Can I use this on cryptocurrencies?
A: Yes! The indicator automatically detects crypto and compares to the Total Crypto Market Cap (CRYPTOCAP:TOTAL). You can also set a custom leader like Bitcoin (BTCUSD) to compare against the dominant crypto.
Q: What's the difference between RS Score and Consistency?
A: RS Score is the weighted average of how much you're beating the sector (magnitude). Consistency is what percentage of time periods show outperformance (reliability). You want both high - that means strong AND consistent.
Q: Do the alerts repaint?
A: No. All alerts fire only on bar close (barstate.isconfirmed) and use properly configured data with lookahead=off. Once an alert fires, it's final and won't change.
Q: What timeframe should I use?
A: For swing trading: Daily or Weekly. For day trading: 1H or 4H. For position trading: Weekly. Use "Chart Timeframe" mode and switch your chart timeframe to change the analysis period easily.
Q: Why is Days Above Sector showing 0?
A: This means your stock is not currently outperforming its sector. If Days Below Sector is also 0, it means the RS is exactly neutral (very rare). Check the actual RS values to see current standing.
Q: Can I compare to a different market benchmark than SPY?
A: Currently the indicator uses SPY (S&P 500) as the default US stock market benchmark. For crypto it uses CRYPTOCAP:TOTAL, for forex it uses currency indices, etc. The benchmark auto-adjusts based on asset type.
Q: What's a good Beta value?
A: It depends on your strategy. Aggressive traders prefer Beta above 1.2 (more volatility = bigger moves). Conservative traders prefer Beta 0.8-1.0 (more stable). Beta is neutral - it's about matching your risk tolerance.
Q: How often does the table update?
A: With Real-time Indicator enabled: Every tick (constant updates). With it disabled: Only on bar close. Either way, the underlying data is identical and non-repainting - the toggle only affects update frequency and the clock icon display.
Q: My stock is showing "AVOID" but it's up 50% this year. Is the indicator wrong?
A: Not necessarily. The indicator measures RELATIVE performance. If your stock is up 50% but the sector is up 100%, your stock is actually underperforming by 50%. The indicator helps you identify when you should switch to stronger stocks in the same sector.
Q: What does "Strong Buy Setup" really mean?
A: It means three things aligned: 1) RS Score above 70 (strong stock), 2) Consistency above 75% (reliable strength), 3) Sector rotation is bullish (hot sector). This combination historically correlates with stocks that continue outperforming. However, this is NOT financial advice - always do your own analysis.
Q: Can I use this for options trading?
A: Yes! High RS Score stocks make good candidates for call options (bullish bets) while low RS Score stocks may work for puts (bearish bets). Higher Beta stocks will have more volatile options (higher premiums but more movement).
Q: Why is my crypto showing N/A for sector?
A: Cryptocurrencies don't have "sectors" like stocks do. Instead, the indicator compares crypto to the total crypto market cap. This is normal and expected behavior.
Q: What happens if I'm analyzing an ETF?
A: If you're analyzing a sector ETF (like XLK), it will compare to SPY (market). If you're analyzing SPY itself, some comparisons won't be available (can't compare SPY to itself). The indicator intelligently adapts to avoid circular comparisons.
Q: What if my stock doesn't have industry data?
A: Not all stocks are mapped to specific industries (only 30+ major industries are covered). If no industry is detected, the indicator will still work using only sector analysis. The RS Score calculation will use 100% sector weight instead of the 60%/40% split.
Q: Why does Industry vs Sector matter?
A: Industry vs Sector shows if your specific industry is hot or cold within its broader sector. For example, Semiconductors (SMH) might be outperforming Technology sector (XLK) even though both are up. This helps you find not just strong sectors, but the strongest industries within those sectors.
Q: Can I disable Industry analysis?
A: Yes! In the "Industry Analysis" settings group, you can toggle off "Show Industry Analysis in Table" to hide all industry rows. However, even when hidden, industry data still contributes to the RS Score calculation for stocks.
Q: Why is my Consistency Score lower for stocks than other assets?
A: For stocks with industry data, Consistency counts 8 periods (4 Sector + 4 Industry periods) instead of just 4. This means the bar is higher - your stock needs to beat both sector AND industry consistently. A stock that beats sector in all 4 periods but lags industry in 2 periods will show 75% consistency (6/8), not 100%.
BEST PRACTICES
Use as a screening tool - Set RS Score filter to 70+ and quickly scan your watchlist. Only strong stocks will show the table.
Combine with technical analysis - RS Score tells you WHAT to trade, your chart tells you WHEN to enter.
Check multiple timeframes - Switch between Daily and Weekly to see if strength holds across different time horizons.
Monitor sector rotation - When sector goes from bearish to bullish rotation, it's often a great time to enter stocks in that sector.
Watch Industry vs Sector - Stocks in hot industries within hot sectors have double tailwinds. Prioritize Industry vs Sector positive values.
Pay attention to consistency - High RS Score with low consistency might be a spike that fades. Look for 70%+ consistency across BOTH sector and industry.
Use the leader comparison - If your stock consistently beats both sector leader AND industry leader, you may have found the next champion.
Watch days above/below sector - Long streaks (15+ days) indicate strong trends. Look for these in conjunction with high RS Score.
Set alerts on key stocks - Enable RS Score alerts at 70 threshold to get notified when watchlist stocks become strong.
Consider Beta for position sizing - Size smaller positions in high Beta stocks, larger in low Beta stocks for balanced risk.
Exit when RS Score drops - If a stock's RS Score falls below 60, consider reducing or exiting - the strength may be fading.
Leverage industry-level insight - If Industry ETF is weak but stock is strong, that's standout strength. If Industry is hot but stock is lagging, consider switching to the industry leader instead.
SETTINGS EXPLAINED
Display Settings:
Show Performance Table - Master on/off switch for the table
Table Position - 9 positions available (corners, edges, center)
Table Size - 4 sizes (tiny, small, normal, large) for different screen sizes
Timeframe Settings:
Chart Timeframe (recommended) - Dynamic, uses whatever chart TF you're on
Fixed Timeframes - Locks analysis to 1H, 4H, Daily, or Weekly regardless of chart
Filtering Settings:
Minimum RS Score - Set threshold (0-100) for displaying table
Show Warning - When enabled, displays message if stock doesn't meet filter
Alert Settings:
Divergence Alerts - Enable alerts when stock diverges from sector
Threshold (%) - How big a divergence triggers alert (default 5%)
RS Score Alerts - Enable alerts when RS Score crosses threshold
Threshold - What RS Score level triggers alert (default 70)
Sector Analysis Settings:
Use Custom Sector ETF - Override automatic sector ETF detection
Sector ETF Symbol - Enter any sector ETF to compare against
Use Custom Sector Leader - Override automatic sector leader detection
Sector Leader Symbol - Enter any ticker as sector leader
Industry Analysis Settings:
Use Custom Industry ETF - Override automatic industry ETF detection
Industry ETF Symbol - Enter specific industry ETF (e.g., IGV, SMH)
Use Custom Industry Leader - Override automatic industry leader detection
Industry Leader Symbol - Enter specific industry leader
Show Industry Analysis - Toggle all industry rows on/off
Display Settings:
Show Real-time Indicator - Toggle clock icon in header (doesn't affect data)
WHAT THIS INDICATOR DOESN'T DO
To set proper expectations:
Does NOT provide entry/exit signals - this is a strength analyzer, not a trading system
Does NOT predict future price movement - shows current and historical relative strength
Does NOT guarantee profits - strong RS stocks can still decline
Does NOT replace your own analysis - use as one tool among many
Does NOT work on stocks with no sector data - will adapt but some rows show N/A
This indicator is a decision support tool . It helps you identify which stocks are showing relative strength so you can make more informed trading decisions. You still need your own entry strategy, risk management, and position sizing rules.
SUPPORT & CONTACT
Questions or feedback? Use the comments section below or send me a message.
If you find this indicator useful, please give it a boost and share with other traders who might benefit from relative strength analysis.
FINAL REMINDER
This indicator is a tool for analyzing relative strength - it shows you which stocks are outperforming their sector and market. It does NOT provide financial advice or trade signals. Always conduct your own research, manage your risk appropriately, and consult with a financial advisor before making investment decisions.
Past performance of relative strength does not guarantee future results. Strong stocks can become weak, and sectors rotate in and out of favor. Use this indicator as part of a comprehensive trading strategy, not as a standalone decision-making system.
Trade smart, manage risk, and may your RS Scores stay high!
If you got till here and you like my work a BOOST and a COMMENT would make me happy
Relative Performance Binary FilterDescription:
This indicator monitors the relative performance of 30 selected crypto assets and generates a binary signal for each: 1 if the asset’s price has increased above a user-defined threshold over a specified lookback period, 0 otherwise. The script produces a JSON-formatted output suitable for webhooks, allowing you to send the signals to external applications like Google Sheets.
Key Features:
Configurable lookback period, price source, and performance threshold.
Supports confirmed or real-time bar data.
Monitors 30 crypto assets simultaneously.
Produces a one-line JSON output with batch grouping for easy webhook integration.
Includes an optional visual sum plot showing how many assets are above the threshold at any time.
Use Cases:
Automate performance tracking across multiple crypto assets.
Feed binary signals into external dashboards, trading bots, or Google Sheets.
Quickly identify which assets are outperforming a set threshold.
MTF Stoch RSI + MACD Summary“MTF Stoch RSI + MACD Summary” is a multi-timeframe momentum and trend analysis indicator designed for TradingView. Its primary function is to consolidate Stochastic RSI and MACD readings from multiple user-defined timeframes—ranging from weekly to intraday—into a compact, color-coded summary table. This allows traders to assess the alignment or divergence of momentum and trend signals across different time horizons within a single chart view, providing an efficient means to identify potential trend continuations or reversals.
The script begins by defining input parameters for both indicators. For the Stochastic RSI, the user can adjust the RSI period, stochastic length, and smoothing factors for K and D lines, while for the MACD, it allows customization of the fast and slow exponential moving average lengths. Additionally, the script offers flexibility through five user-defined timeframes, enabling multi-level signal comparison. Theme and color customization options are also included to enhance visual clarity, allowing users to personalize the display according to preference or chart background.
The computational core of the script calculates the RSI based on a chosen price source (typically the closing price) and applies a stochastic transformation with smoothing to determine momentum extremes—classifying them as overbought, mid-high, mid-low, or oversold depending on their numeric range. The MACD component, computed as the difference between the fast and slow EMAs, is evaluated to determine its state: whether it is crossing upward, crossing downward, above zero, or below zero. These states represent shifts in market momentum and potential trend direction. Both Stochastic RSI and MACD values are retrieved from each selected timeframe using the request.security() function, allowing the indicator to integrate higher and lower timeframe data in real time.
Each indicator reading is then converted into a descriptive label and paired with a specific background color for intuitive visual classification. The script organizes this information into a dynamic table displayed at the top-right corner of the chart. This table consists of three columns—timeframe, Stoch RSI status, and MACD status—and automatically updates with the latest market data on every bar close. Through this tabular format, traders can quickly interpret market conditions without having to switch between multiple charts or apply numerous separate indicators.
Overall, the MTF Stoch RSI + MACD Summary acts as a comprehensive dashboard that integrates momentum and trend indicators across multiple timeframes. By presenting data in a simplified visual layout, it enables traders to make more informed decisions based on the consistency of market signals. This facilitates clearer identification of overbought or oversold conditions, confirmation of trend strength, and early detection of potential reversals, making it a valuable tool for multi-timeframe technical analysis.
Relative Strength vs Benchmark SPYRelative Strength vs Benchmark (SPY)
This indicator compares the performance of the charted symbol (stock or ETF) against a benchmark index — by default, SPY (S&P 500). It plots a Relative Strength (RS) ratio line (Symbol / SPY) and its EMA(50) to visualize when the asset is outperforming or underperforming the market.
Key Features
📈 RS Line (blue): Shows how the asset performs relative to SPY.
🟠 EMA(50): Smooths the RS trend to highlight sustained leadership.
🟩 Green background: Symbol is outperforming SPY (RS > EMA).
🟥 Red background: Symbol is underperforming SPY (RS < EMA).
🔔 Alerts: Automatic notifications when RS crosses above/below its EMA — signaling new leadership or weakness.
How to Use
Apply to any stock or ETF chart.
Keep benchmark = SPY, or switch to another index (e.g., QQQ, IWM, XLK).
Watch for RS crossovers and trends:
Rising RS → money flowing into the asset.
Falling RS → rotation away from the asset.
Perfect for sector rotation, ETF comparison, and momentum analysis workflows.
RSI Heatmap (≤35 Highlight)Highlights when RSI is less than or equal to 35 which can signal a potential reversal soon.
RSI Divergence DetectorOverview
The RSI Divergence Detector is a comprehensive technical analysis tool designed to identify both regular and hidden divergences between price action and the Relative Strength Index (RSI). This indicator helps traders spot potential trend reversals and continuations by automatically detecting when price movements diverge from RSI momentum.
What are Divergences?
Regular Divergences signal potential trend reversals:
Bullish Divergence: Price makes a lower low while RSI makes a higher low → Potential upward reversal
Bearish Divergence: Price makes a higher high while RSI makes a lower high → Potential downward reversal
Hidden Divergences signal trend continuation:
Hidden Bullish Divergence: Price makes a higher low while RSI makes a lower low → Uptrend continuation
Hidden Bearish Divergence: Price makes a lower high while RSI makes a higher high → Downtrend continuation
Automatic Divergence Detection
Detects all four types of divergences automatically
Draws connecting lines between divergence points on the RSI
Labels each divergence with clear text indicators ("Bull", "Bear", "HBull", "HBear")
Independent toggle switches for each divergence type
Dynamic RSI Display
RSI line changes color based on momentum:
Green when RSI is above 50 (bullish momentum)
Red when RSI is below 50 (bearish momentum)
Standard overbought (70) and oversold (30) levels marked
Shaded background zones for overbought/oversold areas
Pivot Detection System
Adjustable pivot lookback period (default: 4 bars)
Visual pivot markers at tops and bottoms of RSI
Configurable maximum divergence range (default: 60 bars)
Adjust the setting to you desired sensitivity on each timeframe.
Full Customization Suite
Label Customization:
Choose label size (Tiny, Small, Normal, Large, Huge)
Separate color selection for each divergence type
Adjustable transparency (0-100%)
Line Customization:
Independent color control for bullish and bearish lines
Line style options for each type (Solid, Dashed, Dotted)
Default: Regular divergences use dashed lines, hidden divergences use dotted lines
Visual Settings:
Customizable overbought/oversold zone colors and transparency
Gray horizontal reference lines (70, 50, 30)
Pivot markers with adjustable visibility
Default Settings
RSI Length: 14 periods
Pivot Lookback: 4 bars
Max Divergence Range: 60 bars
Label Size: Normal
Bullish Color: #4CAF50 (Material Green)
Bearish Color: #FF5252 (Material Red)
Regular Line Style: Dashed
Hidden Line Style: Dotted
How to Use
Customize Settings: Adjust colors, line styles, and detection parameters to your preference
Toggle Divergence Types: Enable/disable specific divergence types based on your trading strategy
Identify Signals: Look for labeled divergences with connecting lines on the RSI pane
Confirm with Price Action: Use divergences in conjunction with other technical analysis tools
Best Practices
Regular Divergences: Best used to spot potential reversals at market extremes
Hidden Divergences: Best used to identify pullback entry points in trending markets
Confirmation: Always wait for price confirmation before entering trades based on divergences
Multiple Timeframes: Check for divergences across multiple timeframes for stronger signals
Risk Management: Use proper stop-losses as not all divergences lead to reversals
Technical Specifications
PineScript Version: v6
Indicator Type: Oscillator (separate pane)
Maximum Lines: 500
Calculation Method: Pivot-based divergence detection using price and RSI comparisons
Relative Strength vs XAUIts a simple relative strength chart, right now i have set it with Gold, as it is outperforming most of indices globally.
Relative Rotation - RRG JdK RS-Ratio & RS-MomentumThis indicator calculates the JdK RS-Ratio and RS-Momentum, which form the basis of Relative Rotation Graphs (RRG). It compares the performance of any asset against a benchmark (default: SPY) to identify the current RRG quadrant: LEADING, WEAKENING, LAGGING, or IMPROVING.
The RS-Ratio (red line) and RS-Momentum (green line) are plotted around a baseline of 100. The background color indicates the current quadrant, and an optional feature allows coloring chart candles based on the RRG phase.
Alerts can be configured to notify when the asset transitions between quadrants, helping traders identify rotational shifts in relative strength.
CK Trading RSIRSI with colour-coded areas for accumulation, BUY, take profit and SELL zones. Ideally, it can be used on the 8-hour chart over a longer period of time.
Relative Strength by jsm
1) Compare any stock against an Indian sector/index quickly and clearly.
2) Quickly gauge if your stock is outperforming or lagging its sector.
3) Instant relative strength tracker for Indian stocks & indices.
4) See 30D / 60D / 90D returns vs NIFTY, BANKNIFTY & more.
5) Smart visual tool to spot sector outperformance at a glance.
What it shows
A compact one-line readout (top-right by default):
TICKER vs INDEX | 30D +x.x% ▲ | 60D +y.y% ▼ | 90D +z.z% ▲
- +x.x% → stock return over the past 30 trading days (always uses daily bars).
- Arrow indicates relative performance vs the selected index: green ▲ = stock outperformed, red ▼ = stock underperformed, - = neutral (within tolerance).
- Percent values are shown with one decimal and a leading + for positives (e.g. +3.4%, -1.2%).
How it works
Apply the indicator to the stock chart (bottom chart in a dual-chart layout).
Choose the sector/index to compare from the “Compare with any Indian Index / Sector” dropdown. The indicator immediately calculates:
- Stock % change over 30 / 60 / 90 daily bars
- Index % change over the same periods
- Displays an arrow that reflects stock% − index% (colored only on the arrow to keep the numbers readable).
Inputs
- Pick Sector : preset list of Indian indices/sectors (no free-text by default).
- Box placement : Top/Bottom × Left/Right.
- Box Size : Tiny / Small / Normal / Large / Huge (controls font size).
- Dark Mode : toggles text color for dark/light charts.
- Show 30D / Show 60D / Show 90D : enable/disable individual periods.
- Equality tolerance (%) : small tolerance window to treat values as “equal” (shows neutral symbol).
Behavior & design choices
- Uses daily series for lookbacks (so 30D/60D/90D = 30/60/90 trading days) — works correctly on intraday charts too.
- Arrow only is colored (green/red/gray) for quick visual scanning; numbers remain neutral for readability.
- No intrusive background box by default — flat overlay that blends with your chart.
- Defaults: Bottom-right placement, Normal size, Light mode = off (so dark charts show white text).
Limitations / notes
- Not financial advice — use as a quick comparative visual, not a trade signal.
- The indicator calculates using the preset index symbols; if your broker/data feed lacks a symbol, the cell shows n/a.
- Due to TradingView table rendering, a tiny pixel gap may appear between a percent and its colored arrow (kept minimal on purpose).
Example
On SMSPHARMA chart with NSE:NIFTY selected:
SMSPHARMA vs NIFTY | 30D +13.0% ▲ | 60D +18.5% ▲ | 90D +13.5% ▲
— stock has outperformed NIFTY in all periods.
Correlation Tracker - Joe v1Correlation Tracker – Joe v1
This indicator calculates the correlation between a selected ticker and an index over a user-defined period. It visualizes correlation with color-coded lines, thresholds, and a descriptive rating, helping traders quickly gauge the strength and direction of correlation.
________________________________________
Options and What They Do
General Settings
• Symbol: Select the ticker you want to analyze.
• Use Chart Symbol: If enabled, the script will use the symbol of the current chart instead of a manually selected symbol.
• Index: Choose the reference index or asset to compare the correlation against. Default is NASDAQ:QQQ.
• Length: Sets the number of periods used to calculate correlation via a moving average. Shorter lengths respond faster; longer lengths smooth correlation.
Correlation Rating Settings
• Show Correlation Rating: Display a textual description of correlation strength (e.g., Ultra Strong, Moderate, Weak).
• Position: Choose where the correlation rating table will appear on the chart (Top/Bottom, Left/Center/Right).
Correlation Line Settings
• Positive Color: Line color when correlation is above the positive threshold. Default: green.
• Negative Color: Line color when correlation is below the negative threshold. Default: red.
• Neutral Color: Line color when correlation is between thresholds. Default: gray.
Correlation Thresholds
• Positive – From: Minimum correlation value considered positive. Default: 0.5 (range 0–0.9).
• Positive Color BG: Background color fill for positive correlation range.
• Negative – From: Maximum correlation value considered negative. Default: -0.5 (range -0.9–0).
• Negative Color BG: Background color fill for negative correlation range.
________________________________________
How It Works
1. Calculates correlation between the selected ticker and the index using logarithmic returns.
2. Plots the correlation line with colors based on thresholds: positive (green), negative (red), neutral (gray).
3. Displays a correlation rating table showing strength (Ultra Weak → Ultra Strong) and absolute correlation on a 0–1 scale.
4. Allows customization of visual appearance, thresholds, and position of rating for clarity on any chart.
Jensen Alpha RS🧠 Jensen Alpha RS (J-Alpha RS)
Jensen Alpha RS is a quantitative performance evaluation tool designed to compare multiple assets against a benchmark using Jensen’s Alpha — a classic risk-adjusted return metric from modern portfolio theory.
It helps identify which assets have outperformed their benchmark on a risk-adjusted basis and ranks them in real time, with optional gating and visual tools. 📊
✨ Key Features
• 🧩 Multi-Asset Comparison: Evaluate up to four assets simultaneously.
• 🔀 Adaptive Benchmarking: TOTALES mode uses CRYPTOCAP:TOTALES (total crypto market cap ex-stablecoins). Dynamic mode automatically selects the strongest benchmark among BTC, ETH, and TOTALES based on rolling momentum.
• 📐 Jensen’s Alpha Calculation: Uses rolling covariance, variance, and beta to estimate α, showing how much each asset outperformed its benchmark.
• 📈 Z-Score & Consistency Metrics: Z-Score highlights statistical deviations in alpha; Consistency % shows how often α has been positive over a chosen window.
• 🚦 Trend & Zero Gates: Optional filters that require assets to be above EMA (trend) and/or have α > 0 for confirmation.
• 🏆 Leaders Board Table: Displays α, Z, Rank, Consistency %, and Gate ✓/✗ for all assets in a clear visual layout.
• 🔔 Dynamic Alerts: Get notified whenever the top alpha leader changes on confirmed (non-repainting) data.
• 🎨 Visual Enhancements: Smooth α with an SMA or color bars by the current top-performing asset.
🧭 Typical Use Cases
• 🔄 Portfolio Rotation & Relative Strength: Identify which assets consistently outperform their benchmark to optimize capital allocation.
• 🧮 Alpha Persistence Analysis: Gauge whether a trend’s performance advantage is statistically sustainable.
• 🌐 Market Regime Insight: Observe how asset leadership rotates as benchmarks shift across market cycles.
⚙️ Inputs Overview
• 📝 Assets (1–4): Select up to four tickers for evaluation.
• 🧭 Benchmark Mode: Choose between static TOTALES or Dynamic auto-selection.
• 📏 Alpha Settings: Adjustable lookback, smoothing, and consistency windows.
• 🚦 Gates: Optional trend and alpha filters to refine results.
• 🖥️ Display: Enable/disable table and customize colors.
• 🔔 Alerts: Toggle notifications on leadership changes.
🔎 Formula Basis
Jensen’s Alpha (α) is estimated as:
α = E − β × E
where β = Cov(Ra, Rb) / Var(Rb), and Ra/Rb represent asset and benchmark returns, respectively.
A positive α indicates outperformance relative to the risk-adjusted benchmark expectation. ✅
⚠️ Disclaimer
This script is for educational and analytical purposes only.
It is NOT a signal. 🚫📉
It does not constitute financial advice, trading signals, or investment recommendations. 💬
The author is not responsible for any financial losses or trading decisions made based on this indicator. 🙏
Always perform your own analysis and use proper risk management. 🛡️
MomentumMap — Relative Strength Visual Quadrant (RRG-Inspired)🔍 What is MomentumMap?
MomentumMap brings the concept of Relative Rotation Graphs (RRG) directly to your chart.
It helps you instantly see whether a symbol is leading, improving, weakening, or lagging — without scanning dozens of charts.
Unlike traditional RS indicators, this tool plots RS Ratio and RS Momentum together, classifying the current condition into clear quadrants.
🧩 Quadrant Logic
Zone Conditions Market Behavior
🟢 Power Zone RS > 1, Momentum > 0 Strong, leading, expanding trend
🟡 Drift Zone RS > 1, Momentum < 0 Cooling off after leadership
🔵 Lift Zone RS < 1, Momentum > 0 Early signs of strength emerging
🔴 Dead Zone RS < 1, Momentum < 0 Weak and lagging phase
Each bar’s background color reflects the active zone — giving instant visual feedback on rotation strength.
⚙️ Key Features
Benchmark-based RS Ratio & RS Momentum mapping
Auto-classified quadrant display with live background coloring
Optional Power Zone alert (with volume confirmation)
Adjustable RS smoothing and momentum periods
Works on all instruments and timeframes
💡 How to Use
Apply the indicator to any chart.
Choose your benchmark symbol (default: NSE:CNX500).
Observe the color-coded zones to assess strength rotation.
Use transitions between zones to identify:
New leadership → 🟢 Power Zone
Early rotation → 🔵 Lift Zone
Loss of strength → 🟡 Drift Zone
Weak performers → 🔴 Dead Zone
⚠️ Notes & Disclaimer
MomentumMap is an analytical visualization tool, not a buy/sell signal generator.
Choose benchmarks and timeframes that match your trading universe.
The script does not repaint and uses only confirmed bar data.
Past quadrant behavior does not guarantee future results.
Complies with TradingView’s open-source and originality guidelines.
📚 Credits
Concept inspired by Julius de Kempenaer’s RRG framework
Implementation and logic developed independently by Paritosh Gupta
Bubble ChartBubble Chart- Visual Market Intelligence
⸻
⚡ Quick Start - Here is how you get started in 30 seconds
Default view (Y-axis: None) = market heatmap
X-axis always = performance
Bubble size = importance (your choice of metric)
Hover any bubble for details
Switch timeframes to change the measurement window
Pick any stock ticker to see their friends
Pick one of the 143 etfs listed below and see their top constituents
That's it. Everything else is deeper cuts of data
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Overview
The Bubble Chart is a market-wide visual map designed to instantly reveal how thousands of stocks and ETFs are performing relative to their peers, all in a single glance.
It dynamically builds relationships between ~3,400 stocks and 143 ETFs , each with its own “friends list” of most-connected tickers. It’s a bit unlike all the other indicators, which you’ll see shortly. It’s a very Tops Down, then Sideways view of the market.
The 144 ETFs covered in the Bubble Chart indicator are listed here in this watchlist: www.tradingview.com
Each bubble represents a security.
X-axis → performance (% change)
Y-axis → variable (you choose the insight)
Bubble size → market cap, relative weight, or %volume
Color → relative performance (green up, red down)
Border → sector color
Your current chart’s timeframe determines the measurement window:
Intraday chart → today so far
Daily chart → week-to-date (WTD)
Weekly chart → month-to-date (MTD)
Monthly chart → year-to-date (YTD)
Everything is relative to that timeframe’s performance window — making it as useful for morning scans as for long-term sector rotations. I recommend starting with an intraday chart. The bubbles represent the day so far on this timeframe.
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📦 Version Differences
Bubble Chart Lite (Free):
✓ All features and dimensions
✓ Up to 5 bubbles displayed
✓ Perfect for tracking top movers
Bubble Chart (Invite-Only):
✓ All features and dimensions
✓ Up to 38 bubbles displayed
✓ See actual market breadth and structure
✓ Indicator name: “Bubble Chart”
✓ Available under the indicator “Bubble Chart” (Invite-Only) — details on my profile
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📊 Y-Axis Options
1. “None” - Heatmap Mode
By default, the Y-axis is set to “None”.
In this mode, the chart functions as a market heatmap, with:
Left-to-right representing relative performance (% change)
Bubble color indicating gain/loss
Bubble size reflecting your chosen metric (Market Cap, Weight, or %Volume)
Up-down randomized just for bubble separation
Think of it as a fancy heatmap with extra context — sector coloring, bubble sizing, and tooltips that surface live data.
Perfect for a quick snapshot of the day’s winners and losers across your selected universe.
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1. %Turnover
This measures conviction behind each move.
Turnover = current money flow vs. average money flow over your lookback window.
A large % move with low turnover = a weak move with little backing.
A moderate % move with high turnover = strong participation, higher conviction.
This is my personal favorite morning setup — it instantly reveals where real buying and selling pressure is emerging as the session unfolds.
A horizontal line across your selected ticker acts as a benchmark, so you can compare others’ conviction levels relative to it.
Any %turnover score >100 means more money than average is flowing in and out of this name. In the example above, ELS, AMT, SUI, and PSA were positive on the day and saw more than the average amount of money being transacted on these tickers today. Do the same for the negative (KIM, ESS, HST, etc), and you know where the money is going. Below 100, the move lacked conviction.
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2. %ATR
Measures range expansion or compression relative to average volatility.
A stock can move big in price but stay inside a tight range → no expansion.
A stock can move little but break its typical volatility boundary → range expansion.
Expansion often signals momentum continuation; compression after large moves can precede turnarounds or consolidations.
This view helps you spot early volatility inflection points.
In the example above, in XLRE, you can see there are a lot of companies that are experiencing a range expansion to the downside. These stocks are now short setup stocks, as the power is pretty overwhelming (number of top companies as well as magnitude over the 100 index). However, there are 3 Stocks that are doing something completely different than the rest. AMT, SBAC, and CCI are experiencing range expansion (volatility) to the upside. These may become the new leaders. You would have to inspect each ticker to see what’s going on.
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3. ROC(5) Z-Score
Z-Score quantifies how far a data point deviates from its mean, measured in standard deviations.
Here it’s applied to 5-period Rate of Change (ROC5).
A high positive Z-Score = performance far above its historical average.
A low (negative) Z-Score = deeply oversold vs. history.
Use this view to identify stretched momentum or mean-reversion candidates:
Stocks high on the Y-axis and green = extended upside momentum
Stocks high but red = potential reversal zones
Stocks low and red = extreme washouts that may soon rebound
This makes it a powerful stock-picking lens for traders who look for reversions or contrarian entries.
The following is the XLU and its 5 top holdings. Looked at on the daily timeframe, which means the ROC(5) score is for its weekly ROC (see timeframe discussion above).
What you can see here is most stocks are within their normal acceleration band. However BIIB is very close to -200. This is uncommon.As you can see from the chart of BIIB with it’s ROC(5) graphed below it, this does indicate a short term turn, and is a high probability long setup.
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4. RSI(15) Z-Score
Similar to the ROC version, but based on RSI(15).
It contextualizes RSI against its own historical distribution, not the fixed 0–100 scale.
When RSI’s Z-Score is above +100 → historically overbought.
Below -100 → historically oversold.
A stock with a high RSI Z-Score but negative performance may be starting to roll over.
A stock with a low RSI Z-Score but positive performance could be beginning a rebound.
This lens is especially powerful for early spotting of turning points in swing and position trades.
In this view, we can see a bunch of stocks that are at or below their -200 Z-Score which suggests RSI is going to increase soon. Taking a look at KKR, we see that it is indeed an area where we might want to look for a short term bounce. .
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5. %52-Week High / %52-Week Low
These two let you visualize positioning within the broader yearly range.
%52-Week High:
Shows how close each ticker is to its highs. Stocks near the top may be in breakout mode.
%52-Week Low:
Shows distance from the lows. Watching these can highlight potential recovery trades — many reversals start when beaten-down stocks begin to cluster and climb from their lows.
Are you really going to want to mess around with VZ? Other companies are winning the race
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⚙️ Bubble Size Options
Market Cap-
Larger companies = larger bubbles.
Ideal for weighting visibility by overall size of influence in the market or sector.
ETF/Friend Weight-
Scales bubbles by their relationship weight to the target ETF or stock.
This helps identify which peers or constituents exert the most pull within the current context.
%Volume-
This scales by relative volume to average volume.
Big bubbles here mean unusual activity, perfect for spotting where participation is surging.
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👥 Friends — Relationship Mapping
Every ticker on the chart has its own “friends list.”
These aren’t arbitrary. They’re discovered through a multi-stage algorithm that analyzes co-occurrence of holdings across ETFs and sectors, roughly like social network analysis for stocks. This is what allows a chart of one stock to intelligently surface others that behave like it, whether through shared ETFs, sector overlap, or statistical co-presence.
Why Friends Matter: When you load AAPL, the chart doesn't just show random stocks. It shows AAPL's "friends", the tickers most connected to it through:
Shared ETF holdings
Sector relationships
Statistical co-movement
This means you're seeing AAPL's context, not just AAPL. Example: AAPL up 2% might look strong, but if all its friends are up 3-4%, AAPL is actually lagging. The chart reveals this instantly.
In this friendship look, you can see companies that are in better (and worse) shape for the month (we are looking at it on the “W” timeframe). If I didn’t own ORCL, INTC, or MU (hidden use tooltip), I should start looking at them.
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Common Setups - do these today
Morning Momentum Scan: - Y-axis: %Turnover - Bubble Size: %Volume - Look for: Top-right quadrant (high performance + high conviction)
Reversal Hunting: - Y-axis: RSI(15) Z-Score - Look for: Red bubbles above +100 (overbought rolling over) Green bubbles below -100 (oversold bouncing)
Sector Rotation: - Y-axis: None (heatmap mode) - Bubble Size: Market Cap - Look for: Color clustering by sector (border colors)
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🧩 Data Sources
ETF Constituents:
ETF holdings are derived from information filed with the SEC’s EDGAR database, specifically N-PORT-P filings. These filings are public records submitted by ETF issuers.
Because EDGAR data can vary in structure and naming conventions, additional parsing, fuzzy matching, and ticker reconciliation logic were applied. Some inconsistencies may remain, and minor inaccuracies are possible.
EDGAR filings can also lag slightly behind real-time changes to ETF portfolios; however, for this visualization tool, that level of latency does not materially affect its purpose or insights.
Exchange & Share Count Data:
Information on exchanges and outstanding shares primarily comes from the SEC Company Facts API.
When unavailable, supplemental values are inferred from public SEC filings such as 8-K, 10-Q, and 10-K reports, and the SEC Company Submissions API for general company metadata.
All such data is publicly accessible through the SEC’s online systems.
I will update the SEC information on the ETFs once every 3 months to ensure etf constituent accuracy.
Sector & Industry Classification:
Sector and industry classifications were developed through a custom workflow that combines automated and human-reviewed methods.
An internal AI system analyzed each company’s publicly available website information to summarize business activities and assign one of 144 custom-defined industry categories.
Results were cross-checked by multiple independent classification models, and any uncertain outputs were manually reviewed for accuracy.
To improve interpretive consistency, publicly available information from StockAnalysis.com was also referenced (not republished) to inform final classifications.
Their content was used in accordance with their stated policy allowing limited reference with attribution — no full content or proprietary data was reproduced.
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🚀 How to Use It
Load the Bubble Chart on any stock, ETF, or futures symbol.
Choose your Y-axis insight — start with “None” for the heatmap.
Adjust bubble size to highlight capital weight or activity.
Switch timeframes to shift context (today, this week, month, or year).
Hover bubbles for details: sector, turnover, z-scores, %volume, and more.
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❓ Frequently Asked Questions
Q: Why do I only see 5 bubbles?
A: You're using Bubble Chart Lite. The full version shows up to 39 bubbles simultaneously for complete market breadth..
To get access:
Find the "Bubble Chart" (invite-only) indicator on TradingView
Read the description for access instructions
Or visit my TradingView profile for details
Q: Can I customize which tickers appear?
A: The indicator automatically selects the most relevant tickers based on the current chart's symbol and the friends algorithm. This ensures you're seeing context, not random stocks.
Q: What timeframe should I use?
A: Any timeframe works. The chart adapts: - Intraday = today's performance - Daily = week-to-date - Weekly = month-to-date - Monthly = year-to-date
Q: How often does the friends list update?
A: Friends relationships are recalculated periodically as ETF holdings change (once every 3 months). The relationships are stable enough that daily changes are minimal.
Q: Does this work on crypto/forex?
A: Currently optimized for US equities and ETFs. Other asset classes may show limited friends data.
Q: The chart looks cluttered. Help?
A: Start with Y-axis: None and Bubble Size: Market Cap. You can also choose to pick less number of bubbles which will clear up the chart
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The Bubble Chart is a market topology engine that visualizes participation, conviction, volatility, and sentiment in real time.
Whether you’re scanning morning momentum, identifying exhausted moves, or exploring ETF ecosystems, it gives you a spatial view of where the action really is.
Relative Strength (RS) By @Byte2Bull📈 Relative Strength (RS) By @Byte2Bull
📌 Overview
This indicator plots a Relative Strength (RS) line that compares the performance of the chart symbol to any benchmark symbol (index, ETF, or stock). By comparing the stock’s price movement to that of the benchmark, this tool highlights whether a stock is outperforming or underperforming the market.
RS value = (Price of symbol / Price of benchmark) × 100
It highlights hidden leaders and emerging strength through dynamic line plots, customizable moving average, and powerful new high detection features, enabling more informed trading decisions.
🛠 Key Features
⦿ Custom Benchmark Selection
Compare any stock with your chosen benchmark (default: NSE:NIFTYMIDSML400), such as NIFTY50, BANKNIFTY, or sector indices.
⦿ Relative Strength Line with Dynamic Coloring
Green when RS is above its moving average (strength/outperformance).
Red when RS is below its moving average (weakness/underperformance).
⦿ Configurable Moving Average
Apply either EMA or SMA over RS with customizable length. This helps smooth out volatility and provides a clear reference trend.
⦿ New High Detection
Marks when RS makes a new high.
Highlights when RS makes a new high before price does → a powerful early signal of hidden strength.
⦿ MA Crossover
Optional marker for when RS crosses above its moving average, signaling potential start of leadership.
⦿ Visual Enhancements
Adjustable line thickness.
Fill area between RS and its MA with green/red shading for quick interpretation.
Customizable colors for all key signals.
⦿ Built-in Alerts
Set alerts for:
RS New High
RS New High Before Price
Bullish MA Crossover
🎯 How to Use
⦿ Identify Market Leaders:
A stock with RS consistently above its MA is likely leading the market.
⦿ Spot Early Strength:
If RS makes a new high before the stock price, it may signal strong relative demand — often preceding breakouts.
⦿ Filter Weakness:
Stocks with RS below the MA are lagging and may be best avoided during bullish phases.
⦿ Combine with Price Action & Volume:
RS works best alongside price breakouts, trend analysis, and volume confirmations.
Relative Performance Indicator - TrendSpider StyleRelative Performance Indicator - TrendSpider Style
📈 Overview
This Relative Performance (RP) indicator measures how your stock is performing compared to a benchmark index, displayed as a percentile ranking from 0-100. Based on TrendSpider's methodology, it answers the critical question: "Is this stock a leader or a laggard?"
Unlike simple ratio charts, this indicator uses percentile ranking to normalize relative performance, making it easy to identify when a stock is showing exceptional strength (>80) or concerning weakness (<20) compared to its historical relationship with the benchmark.
✨ Key Features
Three Calculation Modes:
Quarterly: 3-month relative performance for swing trading
Yearly: Weighted 4-quarter performance for position trading
TechRank: Composite of 6 technical indicators for multi-factor analysis
Clean Visual Design:
Green fills above 80 (strong outperformance)
Red fills below 20 (significant underperformance)
Dotted median line at 50 for quick reference
Current value label for instant reading
Flexible Benchmarks:
Compare against major indices (SPY, QQQ, IWM)
Sector ETFs for within-sector analysis
Custom symbols for specialized comparisons
Built-in Alerts:
Strong performance zone entry (>80)
Weak performance zone entry (<20)
Median crossovers (50 level)
📊 How To Use
Buy Signals:
RP crosses above 80: Stock entering leadership status
RP holding above 60: Maintaining relative strength
RP rising while price consolidating: Accumulation phase
Sell/Avoid Signals:
RP drops below 50: Losing relative strength
RP below 20: Significant underperformance
RP falling while price rising: Bearish divergence
Sector Rotation:
Compare multiple assets to find strongest sectors
Rotate into high RP assets (>70)
Exit low RP positions (<30)
🎯 Reading The Values
80-100: Exceptional outperformance - Strong buy/hold
60-80: Moderate outperformance - Hold positions
40-60: Market perform - No edge
20-40: Underperformance - Caution/reduce
0-20: Severe underperformance - Avoid/exit
⚙️ Calculation Method
Calculates percentage performance of both your stock and the benchmark
Finds the performance differential
Ranks this differential against historical values using percentile analysis
Normalizes to 0-100 scale for easy interpretation
This percentile approach adapts to different market conditions and volatility regimes, providing consistent signals whether in trending or choppy markets.
💡 Pro Tips
For Growth Stocks: Use quarterly mode with QQQ as benchmark
For Value Stocks: Use yearly mode with SPY as benchmark
For Small Caps: Compare against IWM, not SPY
For Sector Analysis: Use sector ETFs (XLK, XLF, XLE, etc.)
Combine with Price Action: High RP + price breakout = powerful signal
⚠️ Important Notes
RP is relative, not absolute - stocks can fall with high RP if the market falls harder
Choose appropriate benchmarks for meaningful comparisons
Best used in conjunction with price action and volume analysis
Historical lookback period affects sensitivity (adjustable in settings)
🔧 Customization
Fully customizable visual settings, thresholds, calculation periods, and smoothing options. Adjust the normalization lookback period (default 252 days) to fine-tune sensitivity to your trading timeframe.
📌 Credit
Inspired by TrendSpider's Relative Performance implementation, adapted for TradingView with enhanced customization options and Pine Script v6 optimization.
Tags to include: relativeperformance, relativestrength, percentile, ranking, sectorrotation, benchmark, outperformance, trendspider, marketbreadth, strengthindicator
Category: Momentum Indicators / Trend Analysis
Feel free to modify this description to match your style or add any specific points you want to emphasize!
RFSIRFSI (Relative Force Strength Index) is a technical indicator that measures the relative strength of an asset compared to a benchmark (default: SPY - S&P 500 ETF). It helps identify performance divergences and generate entry/exit signals based on crossovers.
RFSI (Relative Force Strength Index) est un indicateur technique qui mesure la force relative d'un actif par rapport à un benchmark (par défaut : SPY - ETF S&P 500). Il permet d'identifier les divergences de performance et de générer des signaux d'entrée/sortie basés sur des croisements.
Multiple Relative Strength IndicatorThis indicator is used to display multiple Relative strength of a stock compared with another.
Default value for the first Relative strength period is 55
Default value for the second Relative strength period is 21
Default value for the comparable Index is CNX500
You can add the sectorial index for sector comparison
