Perbandingan Kekuatan Relatif / Relative Strength Comparison (RSC) adalah sebuah indikator dasar yang meletakkan pengukuran komparatif akan kekuatan dari suatu sekuritas melawan sekuritas lainnya (sekuritas dasarnya). Indikator ini dapat mengarahkan para trader ke sekuritas-sekuritas kuat dan membantu untuk mengidentifikasikan sekuritas yang sedang lemah. Indikator ini dikalkulasikan dengan membagi harga dari sekuritas tersebut (numerator) dengan harga dari sekuritas dasarnya (denominator). Saat indikator ini naik maka sekuritas tersebut melampaui nilai dari sekuritas dasarnya. Saat indikator ini turun maka sekuritas dasarnya melampaui nilai dari sekuritas tersebut. Saat bergerak menyamping maka kedua harga dari sekuritas dan sekuritas dasarnya bergerak naik dan turun secara sebanding. Melampaui, dalam konteks ini, tidak berarti bahwa sekuritas tersebut mengalami kenaikan, namun dapat juga mengalami penurunan namun tidak sebanyak penurunan dari sekuritas dasarnya; indikator ini hanya menggambarkan hubungan diantara kedua sekuritas tersebut. Para trader seringkali menggunakannya untuk membandingkan kekuatan dari sebuah saham terhadap suatu indeks untuk dapat menemukan pasar yang kuat. Indikator ini sebaiknya digunakan bersamaan dengan teknik-teknik analisis yang lainnya.
This is a smaller and cleaner version of my previous Relative Performance table. It looks at the rate of change over 1M, 3M, 6M, 1YR & YTD and displays those for the current chart's ticker vs. an index/ticker of your choosing (SPX is default). I also have some fields for the ADR of the displayed chart, how far away the displayed chart is from 52-week highs, and a...
This is an improved "Karma Turn Point" identifier specifically designed to scalp easily around the edges. You may choose to use this with other S/R lines for better confirmed entry or better yet used on mean-reversion setups like Bollinger band for a better sniper like entry.
For RH and GL indicator (high low) wait for the bar to complete forming ( Because the...
Overview:
This implementation of the RS Line mimics how Investor's Business Daily and CANSLIM investors measure growth stock performance versus the S&P 500.
If you are looking at a weekly chart, the RS Line is the performance of the stock over the past week versus the S&P 500 over that same time frame. The same logic applies to the daily and monthly charts,...
This is a very simple script to compare the performance of a single stock against its index, by adding / subtracting points for particular price action on up /down - days in the index.
For instance: If the index is down <-1ATR and the stock is not, it's +1 point. If the index is up >1ATR and the stock is up less than half, it's -1 point.
Basic idea (vs the...
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...
This code is to replicate the relative strength indicator as used on investors.com (on lists like the IBD 50, big cap 20 etc).
Let me know if any issues / any updates wanted.
Use this indicator to compare how security is performing in compare with preferred index (SPX by default).
> 0 outperforming
< 0 underperforming
Works best for weekly, but can be applied to monthly and daily charts. It will be rather useless to use it in smaller timeframes
Apply it to SPX, industry index, sector index or other security in similar sector
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...
FX Currency strength indicator is a visual guide that demonstrates which currencies are currently strong, and which ones are weak.
FX Currency strength indicators include multiple calculation to choose from
1. Relative Strength Index (RSI)
2. True Strength Index (TSI)
3. Absolute Strength Index (ASI)
4. Linear Regression Slope (LRS)
5. Rate of Change (ROC)
6....
In financial terms, 'correlation' is the numerical measure of the relationship between two variables (in this case, the variables are Forex pairs).
The range of the correlation coefficient is between -1 and +1. A correlation of +1 indicates that two currency pairs will flow in the same direction.
A correlation of -1 indicates that two currency pairs will move in...
Overlay a small plot of a correlated asset of your choosing. Shrink/expand, Set vertical and horizontal position, plot multiple mini-plots via duplicate indicators with varied settings.
Plots the last X bars of any asset; including the live candle currently painting
Useful for low time frame trading when you want to see correlated asset price movement right...
This script attempts to show the relative strength of the 11 sectors in the SPX, which can be accomplished in three ways:
1. Sectors - displays all sector indices as they appear normally
2. Sector Relativity - displays each sector divided by the sum of the other 10 sectors
3. Sector Alpha - displays the alpha of each sector as compared to the sum of the other...
Other available matrixes I found have a limited number of forex symbols. Consequentially, you need to keep switching them if you want to do a proper analysis. As a result of that, I produced my own currency matrix.
Correlation studies relationships between different price charts.
High correlation may be completely random in the short term, but it may signify a...
The indicator shows the width of the Central Pivot Range. Frank Ochoa call it It Pivot Range Histogram in his book.
Use it in conjunction with the Central Pivot Range indicator.
Below is the interpretation of the reading.
CPR Width > 0.5 - Sideways or Trading Range Day,
CPR Width > 0.75 - increases the likelihood of sideways trading behavior,
CPR Width <...
█ 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...
Simple indicator implementing relative strength against the equally weighted basket of major currencies. Perhaps I will coin it the Equally Weighted Index (EWI) and trademark it like ICE did with DXY.
usd = (usdjpy/100 + usdcad + 1/gbpusd + 1/eurusd + usdchf + 1/audusd + 1/nzdusd)/7
DXY is hard to compare against other indices because of it's weightening....
