This script plots the ratio between a ticker and the selected index. Currently, I have US equities indexes listed + BTC. It's a great way to check for relative strength, determine if absolute highs relative to the ratio are being made, etc.
Additionally, optional comparison of the RSI is included. I was just testing something out but figured I'd leave in here...
Relative strength is a ratio between two assets, most often a stock and a market average (index). This implementation uses the method described here and the second method described here to calculate its value: "To calculate the relative strength of a particular stock, divide the percentage change over some time period by the percentage change of a particular...
DGT interpreted version of LazyBear's WaveTrend, visualizing on Price Chart
Original Author : LazyBear
Crosses above or below threshold are emphasized with bigger labels
- crosses above threshold : probable short indications with a bigger label and relativly small label for probable long indications
- crosses below threshold : probable long indications with a...
Quickly shows you if an altcoin is outperforming or underperforming it's peers. You can compare again indexes of high cap, mid cap and low cap indexes, which are provided by FTX.com. I intend to add some more features but am currently a bit busy so wanted to get it published as I've been finding it useful
If you are desperately looking for a novel RSI, this isn't that. This is another lesser known novel species of indicator. Hot off the press, in multiple stunning color schemes, I present my version of "Relative Strength (RSMK)" employing PSv4.0, originally formulated by Markos Katsanos for TASC - March 2020 Traders Tips. This indicator is used to compare...
Multi Bar OHLC Compare Panel by RagingRocketBull 2019
This indicator lets you compare OHLCV values from several specified bars. Bars can be dynamic/persistent.
You can also use it as an alternate OHLC panel if you don't like small font of the native TradingView panel.
It uses Pinescript v4 to output data dynamically as string labels in a...
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...
Shows the candles of a specified EXCHANGE:PAIR in an indicator without overlay.
Has the following advantages over the standard comparison in TradingView:
- The compared pair is below your main chart.
- You can see the price of the compared pair.
- You can add multiple compared pairs and all of them will be shown in their own space with their own price.
The Compare Price Momentum Oscillator was created by Vitali Apirine (Stocks and Commodities Aug 2020 pg 16) and this is a handy indicator to compare the momentum of the current symbol you are looking at to the s&p to determine the relative strength of the underlying security. Buy when the line turns green and sell when it turns red.
Let me know if there are any...
An expansion of the Advance Decline Line of the NYSE. It can be interesting to compare the Advance Decline Line with the corresponding benchmark index. I therefore made a ranking (0 to 100) based on the performance over the last days (default: 21 days). The difference is the target figure and ranges between -100 (bearish divergence) to +100 (bullish...
In the example above GOOGL's RSI is being compared against the RSI for XLK, the technology sector fund. The red and green areas make it easy to see if Google is under or overperforming relative to other tech stocks. I've included a normal RSI above it for comparison.
You can compare any stock to a sector, i.e. JP Morgan (JPM) versus the financial sector (XLF), or...
This indicator compare(Futures Price / Spot Price) futures and spot prices of an asset.
This indicator is made to work with crypto assets mainly.
1. Auto Symbols Selection: Select the symbols for comparision from the selected chart symbol (This option only works with Binance futures symbols)
2. Symbol 1: Symbol 1 for comparison
3. Symbol 2: Symbol 2 for...
I created this script to compare cryptocurrencies that tend to be correlated, but it could also be used for forex or any other market. It is a fairly simple concept and compares price of each symbol to the specified period ema. This is helpful for tracking highly correlated symbols and visualizing moments when they are out of sync, perhaps signaling good times...
This indicator is based on Historical Volatility (HV) built-in indicator with minor tweaks to match the Bitcoin Volatility Index (from Bybt).
Also, you can select a symbol to compare its volatility with the volatility of the currently selected symbol.
SadLittleThings Price Compare With Offset MTF by RagingRocketBull 2018
This indicator lets you compare multiple assets across different timeframes, supports offsets and alpha multipliers.
Standard TradingView Compare doesn't have Offset/Timeframe/Multiplier options, hence this indicator.
- compare current asset's price with 2 custom ext...