OPEN-SOURCE SCRIPT
JSE Top 40 Comparative Relative Strength RSI Oscillator
This code is the result of an idea by @MarcoOlivano. The question was that if putting the comparative relative strength as an RSI oscillator would help in understanding the relative strength of the stock to the overall market? As we both trade the JSE I have made the JSE:J200 or Top 40 the basis for comparison. This can be changed in the settings dropdown if you want to compare with the All Share Index (JSE:J201) or other markets such as the S&P.
On the chart above I have included the Comparative Relative Strength as a reference together with the Comparative Relative Strength RSI.
If you use the indicator or adapt it please let me know if it works for you, how you use it and if it has any value.
On the chart above I have included the Comparative Relative Strength as a reference together with the Comparative Relative Strength RSI.
If you use the indicator or adapt it please let me know if it works for you, how you use it and if it has any value.
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。
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