OPEN-SOURCE SCRIPT
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.
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.
开源脚本
本着真正的TradingView精神，此脚本的作者已将其开源，以便交易者可以理解和验证它。向作者致敬！您可以免费使用它，但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。
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。