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RS Ratio vs Benchmark (Colored)
📈 RS Ratio vs Benchmark (with Color Change)
A simple but powerful tool to track relative strength against a benchmark like QQQ, SPY, or any other ETF.
🔍 What it Shows
RS Ratio (orange line): Measures how strong a stock is relative to a benchmark.
Moving Average (teal line): Smooths out RS to show trend direction.
Color-coded RS Line:
🟢 Green = RS is above its moving average → strength is increasing.
🔴 Red = RS is below its moving average → strength is fading.
📊 How to Read It
Above 100 = Stock is outperforming the benchmark.
Below 100 = Underperforming.
Rising & Green = Strongest signal — accelerating outperformance.
Above 100 but Red = Consolidating or losing momentum — potential rest period.
Crosses below 100 = Warning sign — underperformance.
✅ Best Uses
Spot leading stocks with strong momentum vs QQQ/SPY.
Identify rotation — when strength shifts between sectors.
Time entries and exits based on RS trends and crossovers.
A simple but powerful tool to track relative strength against a benchmark like QQQ, SPY, or any other ETF.
🔍 What it Shows
RS Ratio (orange line): Measures how strong a stock is relative to a benchmark.
Moving Average (teal line): Smooths out RS to show trend direction.
Color-coded RS Line:
🟢 Green = RS is above its moving average → strength is increasing.
🔴 Red = RS is below its moving average → strength is fading.
📊 How to Read It
Above 100 = Stock is outperforming the benchmark.
Below 100 = Underperforming.
Rising & Green = Strongest signal — accelerating outperformance.
Above 100 but Red = Consolidating or losing momentum — potential rest period.
Crosses below 100 = Warning sign — underperformance.
✅ Best Uses
Spot leading stocks with strong momentum vs QQQ/SPY.
Identify rotation — when strength shifts between sectors.
Time entries and exits based on RS trends and crossovers.
开源脚本
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。