Powerful 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.