Volatility Adapted Relative Strength
VARS uses a stock's ALPHA in comparison to the SPX to determine whether there is RS on an volatility adjusted basis.
Notas de prensa:
Changes:
(1) Length of the α-timeframe.
(2) Additional coloring for higher α-values.
(1) Length of the α-timeframe.
(2) Additional coloring for higher α-values.
Notas de prensa:
Each variable of the indicator is now fully editable.
Notas de prensa:
The script now works with two different beta and alpha reference points to map VARS to longer and shorter running time frames. Each value is customizable.
Nota bene: The default values are still work in progress.
Nota bene: The default values are still work in progress.