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Relative Strength Comparison

TASC 2022.03 Relative Strength Volatility-Adjusted EMA█  OVERVIEW TASC's March 2022 edition of Traders' Tips includes the "Relative Strength Moving Averages - Part 3: The Relative Strength Volatility-Adjusted Exponential Moving Average" article authored by Vitali ​Apirine. This is the code that implements the "RS VolatAdj EMA" from the article. █  CONCEPTS In a three-part article series, Vitaly Apirine examines ways to filter price movements and define turning points by applying the Relative Strength concept to exponential moving averages . The resulting indicator is more responsive and is intended to account for the relative strength of volatility . █  CALCULATIONS The calculation process uses the following steps: Select an appropriate volatility index (in our case it is VIX ). Calculate up day volatility (UV) smoothed by a 10-day EMA. Calculate down day volatility (DV) smoothed by a 10-day EMA. Take the absolute value of the difference between UV and DV and divide by the sum of UV and DV. This is the Volatility Strength we need. Calculate a MLTP constant - the weighting multiplier for an exponential moving average. Combine Volatility Strength and MLTP to create an exponential moving average on current price data. Join TradingView!
อินดิเคเตอร์ Pine Script®
โดย PineCodersTASC
1
Williams Alligator Trend Filter HeatmapHello I've decided that the alligator lines can be used to find a trend. This script expands on that and checks 10 different multipliers to see trend over the long term and have 10 values. Those 10 values each give a color to one of the 10 lines in turn giving this Fire like plotting. I personaly use this to see if there is fear (red) in the markets or greed (blue), plotted 9 different crypto coins on the chart and have 4 columns in my setup to see the values on different timeframes. In the chart preview this is 1H,30M,10M,1M to see current environment. The colors use alot of data to generate especialy the bottom part, that colors based on a very long time zone.
อินดิเคเตอร์ Pine Script®
โดย Honestcowboy
ETH vs BTC 200W SMA OverextensionHistorically, when BTC suffers a correction and ETH continues to rally, this hints at an impending market-wide correction. In Jan 2018, ETH rallies while BTC corrects, signalling the end of the bull cycle. In May 2021, ETH rallies while BTC ranges between $50-$60k, then a major correction occurs. This indicator attempts to monitor this phenomenon in order to help spot potential macro tops in the cryptocurrency market. The indicator takes the price of the asset and divides it by the 200 week SMA value. This gives an over/undervaluation in percentage terms. When ETH becomes significantly more overvalued relative to BTC, the indicator will warn of a potential top forming (see red shaded areas). This is for edutainment purposes only. Don't make financial decisions based on this indicator.
อินดิเคเตอร์ Pine Script®
โดย panpanXBT
Volume Weighted Real Relative Strength (RS/RW)Volume Weighted Real Relative Strength (VRRS) measures the relative strength of a tickers vs. a benchmark ticker for the market, i.e. $SPY, and a benchmark ticker for the sector it is in. The calculation of VRRS is done as follow: VRRS = * VolWeighted * 100 Where : Close is Close price smaClose is the last simple moving average value. Ref is Reference ticker VolWeighted is the volume weighted factor and is defined as (smaVol_short / smaVol_long); where smaVol_short, smaVol_long are the simple moving average of volume calculated for a short period (i.e. 21 period) and long period (i.e. 5 days), respectively. Feature : 1. It can show two VRRS, one calculated against a market benchmark (i.e. $SPY) and one for a sector benchmark. 2. It shows also the bar plot of the benchmark ticker.
อินดิเคเตอร์ Pine Script®
โดย dealsatm
15
Linear Regression Relative Strength[image/x/iZvwDWEY/ Relative Strength indicator comparing the current symbol to SPY (or any other benchmark). It may help to pick the right assets to complement the portfolio build around core ETFs such as SPY. The general idea is to show if the current symbol outperforms or underperforms the benchmark (SPY by default) when bought some certain time ago. Relative performance is displayed as percent and is calculated for three different time ranges - short (1 mo by default), mid (1 quarter), and long (half a year). To smooth the volatility, the script uses linear regression to estimate the trend and takes the start and the end points of the linear regression line to compute the relative strength. It is important to remember that the script shows the gain relative to SPY (or other selected benchmark), not the asset's gain. Therefore, it may indicate that the asset is profitable, but it still may lose value if SPY is in downtrend. Therefore, it is crucial to check other indicators before making a decision. In the example above, standard linear regression for one quarter is used to indicate the direction of the trend.
อินดิเคเตอร์ Pine Script®
โดย gaperton
2
NPMA Relative Strength IndexRecently been amased by the potential of percentile nearest rank. You can apply this to almost any indicator to find extremes, this script might the simplest form of using it while being very powerful. The background will color green when the rsi is in the top percentage ranges of last X amount of bars. I'm currently searching optimal settings to apply this to a simple 3commas bot. Feel free to comment good settings and help the community out making profitable bots.
อินดิเคเตอร์ Pine Script®
โดย Honestcowboy
Comparative Strength [FT]This indicator calculates the comparative strength between 2 variables by subtracting them instead of division/ratio. Example: A is stronger than B, then if A-B, it would be positive because value A is bigger than B. A is weaker than B, then when A-B, this would be negative because A is lower than B. What it does: It takes the difference of averages of variable A (ie: stock), and the same for variable B (ie: index), and then the result of those is substracted to get a value. Why is this indicator useful ? To visualise comparative values between 2 related variables. IE: stock-index, stock-commodities, forex-interest rates, forex-bond, forex-inflation. DISCLAIMER: Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security, investment, currencies or assets.
อินดิเคเตอร์ Pine Script®
โดย faliqzul
Dominion - Bitcoin Altcoin Dominance [mutantdog]A simple and easy reference tool displaying a plot of the market cap dominance values for several significant cryptocurrencies. The most widely used of these is bitcoin dominance (the top indicator shown above) which calculates the total market cap of bitcoin in relation to the total cryptocurrency market cap, displayed as a percentage. This is commonly used by traders to assess the strength of bitcoin in relation to the broader crypto market; increasing values being indicative of larger bitcoin moves and decreasing values often indicative of potential altcoin cycles. Likewise, ethereum dominance (the bottom indicator shown above) is frequently used as a means to indicate the strength of ethereum in relation to the broader crypto market. Included options for marketcap dominance values are: Bitcoin : CRYPTOCAP:BTC.D Ethereum : CRYPTOCAP:ETH.D Total DeFi (a composite of multiple top defi tokens): CRYPTOCAP:TOTALDEFI.D Stablecoins (shows the combined dominance values for usdt and usdc): CRYPTOCAP:USDT.D + CRYPTOCAP:USDC.D Flippening (shows the difference between bitcoin and ethereum dominance values): CRYPTOCAP:BTC.D - CRYPTOCAP:ETH.D When used in combination with each other, these can provide a good overview of the general flow of capital within the crypto market. Additional functionality: up to three optional moving averages with a choice of SMA, EMA, WMA and RMA for each. multi timeframe selector alert condition presets for various moving average crosses. Please be aware that, while useful as reference, dominance calculations are known to repaint frequently. As such the use of this indicator and its alerts should require caution.
อินดิเคเตอร์ Pine Script®
โดย mutantdog
NVTNetwork Value to Transactions Ratio (NVT) is defined as the ratio of market capitalization divided by transacted volume. NVT Ratio can be thought of as an indicator that measures whether the blockchain network is overvalued or not. If it is upper than red line, it means overvalued. NVT Golden Cross targets to generate short or long signals by comparing the short-term trend of NVT and the long-term trend of NVT. If the short-term trend is way greater than the long-term trend is, the network can be interpreted as overpriced and will soon revert to mean value, meaning short signal. Similarly, the opposite case may imply a long signal. Over the red line is short signal and under the green line is long signal. You can find divergence in this indicator. There are two sources cryptocap glassnode
อินดิเคเตอร์ Pine Script®
โดย erfan_abedi
1
Adaptive Relative Strength (ARS by Premal Parekh)Dear All, This is my first public script modified to adapt the concept of Mr. Premal Parekh on Adaptive Relative Strength - ARS) The original Script is developed by modhelius. I have proved the version as per my requirement and included concept of ARS. This script will remove the manual calculation task which is required on daily basis to calculate number of sessions from ARS Date. Hope this script will be helpful. If yes, do hit like button and share with your friends. Ashish Kesarkar India
อินดิเคเตอร์ Pine Script®
โดย ashxos
11
Ratio (Relative Strength) & EMAsRatio (Relative Strength) & EMAs This indicator is used to compare the actual symbol with another one by calculating the ratio. EMA1 and EMA2 of the ration are shown as well. The idea is to choose an index like the NDX or SPX for comparison and to determine if the actual symbol outperforms the index or not - separate the wheat from the chaff. The rules are as follow: When the calculation ratio (symbol divided ratio symbol) is above EMA1 and EMA1 is above EMA2) the background turs green. If not the background turn red.
อินดิเคเตอร์ Pine Script®
โดย funcharts
Relative Strength (IBD Style)This script is meant to give you a Relative Strength indication of the stock. The goal is to use a similar calculation as used by IBD. It calculates the performance of the current stock for the last year (most recent quarter is weighted double) and compares it to the performance of a reference index or ticker (default is "SPY"). IBD would give you a value between 0 and 100 because this value is the percentile within all stocks. This is not possible with Pine Script at the moment. So here you get a Relative Strength value that is >0 if the stock is stronger than the index and <0 if it is weaker than the index. You can still compare the Relative Strength values between stocks (bigger is better) but you won't know which percentile it is right off the bat.
อินดิเคเตอร์ Pine Script®
โดย Skyte
18
Relative PerformanceThis indicator takes the Performance Table from @BeeHolder and converts it to a Relative Performance table so you can compare the current chart vs. an Index (or whatever other ticker you want) to see the relative performance of one vs. the other. I also added a cell for ADR, which is also the same value as "Monthly Volatility" in the stock screener. This can be useful when screening stocks based on performance and volatility.
อินดิเคเตอร์ Pine Script®
โดย millerrh
9
QuantAnna: Relative Strength Plus (RS+)NSE:TATAMOTORS Relative strength indicator which shows ratio between two stocks/assets .. usually between stock & its indices features of indicator is as following. 1. Values oscillates around zero, it is bullish when above zero & bearish when below zero. 1. Weighted smoothing which removes unwanted whipsaws but keeps trend curve intact. 3. In-Built list of Nifty sector indices to show stocks comparison with its sector please do send your feedback and suggestions.
อินดิเคเตอร์ Pine Script®
โดย quantanna
2
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
อินดิเคเตอร์ Pine Script®
โดย Powerful_Trading
2
Fixed Reference Ratio Charts (RSWarriors(R))A Ratio Chart, for analysis with any benchmark. This is the open source version of the earlier, Fixed Ref. Ratio indicator. This is the version that will be maintained in the future. Plots a ratio of the symbol to benchmark. Plots, all time high ratios (orange bubbles), Increasing ratios (blue bubbles). Detailed write up will be added in subsequent updates.
อินดิเคเตอร์ Pine Script®
โดย bharatTrader
20
MACD Long StratFirst script I've written, but the concept is pretty simple. This uses the MACD with settings fast_SMA = 6 and slow SMA=16 and uses the distance between the 2 (histogram) to look for potential trend reversals to flag potential entries for Long trades. It waits for the confirmation looking backward 2 x timeframes (to reduce false calls slightly). You can adjust it to open / close quicker (1 timeframe instread of 2) but backtesting shows 2 timeframe delay is best to avoid false signals. The script suggests Long entry points based on this criteria and uses the converse (reducing histogram / SMA difference delayed by 2 timeframes) to suggest exit or trade close points for downward reversal. It was originally written looking at 1m scalps but backtesting shows this is even more effective on higher timeframes (1D).
กลยุทธ์ Pine Script®
โดย TheGrindToday
1