OPEN-SOURCE SCRIPT
Fuerza Relativa vs SPY con Tabla
Relative Strength vs SPY with Score (0–100)
This indicator measures the relative strength of an asset versus SPY (or any user-defined benchmark), allowing traders to quickly identify whether an asset is outperforming or underperforming the broader market.
Relative strength is calculated as the ratio between the asset’s price and the reference index price, and is accompanied by a smoothed moving average that acts as a baseline to detect changes in relative trend.
🔹 Main Features:
Relative Strength Line:
Green when the asset shows strength versus the market.
Red when it shows relative weakness.
Configurable moving average used as a dynamic reference line.
Colored cloud between the relative strength line and its moving average for quick visual interpretation.
Crossover signals (triangles) when relative strength crosses above its moving average.
🔹 Relative Strength Score (0–100)
Includes an information table displaying a normalized score based on Percent Rank, comparing the current value with its historical behavior:
Current
Previous Day
Previous Week
Previous Month
Score interpretation:
🟢 > 70 → Strong relative performance
🟠 30 – 70 → Neutral zone
🔴 < 30 → Relative weakness
🔹 Recommended Uses:
Identifying market leaders.
Trend confirmation.
Comparative analysis between assets.
Strength-based filters for swing and medium-term trading strategies.
This indicator measures the relative strength of an asset versus SPY (or any user-defined benchmark), allowing traders to quickly identify whether an asset is outperforming or underperforming the broader market.
Relative strength is calculated as the ratio between the asset’s price and the reference index price, and is accompanied by a smoothed moving average that acts as a baseline to detect changes in relative trend.
🔹 Main Features:
Relative Strength Line:
Green when the asset shows strength versus the market.
Red when it shows relative weakness.
Configurable moving average used as a dynamic reference line.
Colored cloud between the relative strength line and its moving average for quick visual interpretation.
Crossover signals (triangles) when relative strength crosses above its moving average.
🔹 Relative Strength Score (0–100)
Includes an information table displaying a normalized score based on Percent Rank, comparing the current value with its historical behavior:
Current
Previous Day
Previous Week
Previous Month
Score interpretation:
🟢 > 70 → Strong relative performance
🟠 30 – 70 → Neutral zone
🔴 < 30 → Relative weakness
🔹 Recommended Uses:
Identifying market leaders.
Trend confirmation.
Comparative analysis between assets.
Strength-based filters for swing and medium-term trading strategies.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.