dman103

Percentage Relative Strength

A relative strength indicator that compares your main symbol (one on your chart) strength to another symbol by percentage.
The result is plotted as a histogram showing which symbol is rising or falling more in percentage.
In case your chart symbol is TSLA ( Tesla ) and the indicator 'Symbol to compare' is SPX:

GREEN area (above zero) means TSLA is rising more than the SPX .
RED area (below zero) means TSLA is falling more than the SPX .

To these who wants to understand calculation, it's pretty straightforward.
For each asset we calculate everyday percentage change based on previous close and current close.
We take main asset (chart symbol) percentage and subtract it from percent of change of the symbol we want to compare to.
Result are smoothed by SMA ( Simple Moving Average )
You can select different indexes or cfds such as S&P500 (SPX) , NASDAQ 100 ( NSX ), RUSSELL 2000 (RUT) and NASDAQ (IXIC).
Default is S&P 500 (SPX) .

Enjoy and Like if you like.
版本注释: NEW: Added option to add your own symbol! Just fill the input box with the symbol you want to compare to or use predefined presets.
Added more moving averages (EMA, RMA and WMA)

Appreciation of my work: https://paypal.me/dman103

Premium Pivot Points Algo Indicator: https://www.tradingview.com/script/LFBaHNuA-Pivot-Points-Algo/
开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!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的约束。 您可以收藏它以在图表上使用。

想在图表上使用此脚本?