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
Shows strength of the currently charted alt compared to BTCUSD. If BTC is going down or sideways and the alt is going up, then you'll see green and vice-versa for red. Good for quick at-a-glance strength evaluation when flying through a watchlist. The output uses a normalised moving average to reduce signal noise.
Measure stock's performance against NYSE Composite Index
This indicator is the measure of price trend of an instrument compared to another. For Dynamic Traders.
EXPERIMENTAL: A different take at the RSI weighted by volume , supposedly it should give a clearer picture of the underlying action.
This is basically the default RSI indicator with lines drawn on increments of 5, nothing special really. This can be used in crypto/forex/traditional markets. Please let me know if you found this to be useful and/or if you think it could use some additional work. Thanks!
This is an indicator for Indian markets. It shows the relative strength of particular stock to the underlying index. The concept of this indicator is well described in Stan Weinstein's book.
This indicator is an advanced studie of 'Mansfield Relative Strength Trend' indicator Since it is too time consuming to constantly change the index, I have developed a multi-index indicator. The default order of the indexes is: 1. S&P 500 2. Dow Jones Industrial Average 3. Nasdaq Composite 4. NYSE Composite 5. DAX You can change all indexes in the...
'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index (in this case the S&P 500). This indicator combines the relative strength with Weinstein's stage analysis. The indiacator was made for weekly stock charts only! BUY & HOLD Conditions (green): 1. Mansfield Relative...
Be sure to Add to Favorites (down below) and/or Like/Follow this script so that you will be alerted to UPDATES. Adding to Favorites makes it available in your list of Indicators. The Texas 2 Step is a lower indicator (arrows on candles added for reference) based on the RSI-2 Strategy made famous by Larry Connors. I use this indicator for: Timing Entries and...
Version 2 Updates Speed has been increased by ~7X Highest and lowest pairs now highlighted using brighter colors Re-ordered pairs from highest to lowest 'flight to risk' rating I created this tool for the purpose of determining strongest and weakest currencies over different periods of time. Each major currency is compared to the field of other majors...
I created this tool for the purpose of determining strongest and weakest currencies over different periods of time. Each major currency is compared to the field of other majors and its average change is measured over a predetermined period of time. The result is displayed as a percentage. I use it for trend following but it can also be used to fade...
This is my variation of the Correlation Coefficient and I call it "Hershey's CoCo". The indicator identifies very specific Stock, Sector and Market pressures on whatever symbol you are evaluating. If interested, follow me and send me requests to evaluate your stock or sector as I refine this tool. *********************************************** Price movement...