OPEN-SOURCE SCRIPT
2024_V01 - ComLucroRPI - ComLucro Relative Performance
Take your analysis to the next level with the 2024_V01 - ComLucroRPI - ComLucro Relative Performance indicator, designed to track and visualize an asset’s relative performance against a selected index with precision and clarity. This script is perfect for traders and analysts who want to assess how an asset is performing over various timeframes relative to a benchmark index (defaulting to the S&P 500). Gain deeper insight into trends and make more informed trading decisions by comparing performance across multiple time intervals directly on your chart.
✨ Key Features:
Relative Performance Tracking: Measure your asset’s performance relative to a benchmark index over customizable periods (default: 20, 50, and 200 periods). Ideal for evaluating trends in short, medium, and long-term horizons.
Dynamic Color Coding: Instantly see performance trends at a glance. Positive performance values are displayed in green, neutral (0%) in yellow, and negative performance in red, providing an easy-to-read visual cue.
Adjustable Summary Label: Includes a detailed summary label of relative performance for each period, positioned at the end of the indicator pane. This label can be toggled on or off, allowing you to customize your display for clarity and focus.
Customizable Colors and Settings: Adjust the colors of performance lines and configure index symbols, making it adaptable to your personal trading style and preference.
User-Friendly Integration: Positioned in a separate indicator window, this tool keeps your primary price chart clean and focused while offering advanced comparative data just below it.
🔧 How It Works:
The script calculates the percentage change of the asset’s closing price and the selected index over the specified lookback periods (e.g., 20, 50, 200 periods).
It plots the relative performance lines in the indicator pane, with each line representing one of the selected periods.
A detailed summary label is optionally displayed, showing the asset’s and index’s percentage changes for each period, with easy-to-interpret color-coded values.
🚀 Optimize Your Trading Strategy with Comparative Insights! For traders and analysts seeking refined tools for evaluating asset performance relative to major indices, this script is an invaluable addition. Whether you’re using it for trend analysis, portfolio comparison, or as part of a larger trading strategy, the 20241105 - CL-RPI provides essential insights to support your decision-making process.
🔗 Stay updated! Follow us on YouTube at ComLucro Trader for more tutorials, tips, and tools to advance your trading!
🌐 Explore more at comlucro.com.br: Access exclusive scripts, in-depth insights, and strategies tailored to elevate your market understanding and performance.
✨ Key Features:
Relative Performance Tracking: Measure your asset’s performance relative to a benchmark index over customizable periods (default: 20, 50, and 200 periods). Ideal for evaluating trends in short, medium, and long-term horizons.
Dynamic Color Coding: Instantly see performance trends at a glance. Positive performance values are displayed in green, neutral (0%) in yellow, and negative performance in red, providing an easy-to-read visual cue.
Adjustable Summary Label: Includes a detailed summary label of relative performance for each period, positioned at the end of the indicator pane. This label can be toggled on or off, allowing you to customize your display for clarity and focus.
Customizable Colors and Settings: Adjust the colors of performance lines and configure index symbols, making it adaptable to your personal trading style and preference.
User-Friendly Integration: Positioned in a separate indicator window, this tool keeps your primary price chart clean and focused while offering advanced comparative data just below it.
🔧 How It Works:
The script calculates the percentage change of the asset’s closing price and the selected index over the specified lookback periods (e.g., 20, 50, 200 periods).
It plots the relative performance lines in the indicator pane, with each line representing one of the selected periods.
A detailed summary label is optionally displayed, showing the asset’s and index’s percentage changes for each period, with easy-to-interpret color-coded values.
🚀 Optimize Your Trading Strategy with Comparative Insights! For traders and analysts seeking refined tools for evaluating asset performance relative to major indices, this script is an invaluable addition. Whether you’re using it for trend analysis, portfolio comparison, or as part of a larger trading strategy, the 20241105 - CL-RPI provides essential insights to support your decision-making process.
🔗 Stay updated! Follow us on YouTube at ComLucro Trader for more tutorials, tips, and tools to advance your trading!
🌐 Explore more at comlucro.com.br: Access exclusive scripts, in-depth insights, and strategies tailored to elevate your market understanding and performance.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
Exención de responsabilidad
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