Comparación de fuerza relativa
Simple Currency Strength Measurer IIIThis is an updated version to the Currency Strength Measurer I created before. I'm not updating that script due to differences in the features and in the idea. The original script was a lagging indicator, I hope that this one is more of a leading indicator, the idea is the same. This indicator has way fewer inputs and it's more lightweight. Try it and compare it with the original SCSM and choose whichever suits your strategy best.
I'm open to comments or ideas on how to upgrade it.
Relative StrengthRelative 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 index over the same time period". This indicator oscillates around zero. If the value is greater than zero, the investment has been relatively strong during the selected period; if the value is less than zero, the investment has been relatively weak. The period and the comparative symbol can be set in the settings for the indicator (the defaults are 50 and SPX), there you can also find an option to turn on a moving average.
Relative StrengthCompare the strength of the current stock to a benchmark (default SPX).
Includes a SMA (default 13 weeks/3 months).
Best used on the weekly time frame.
RelSThis indicator is the measure of price trend of an instrument compared to another. For Dynamic Traders.
Dynamic RSI Oversold / OverboughtJust an idea I had about using the RSI stdev to find oversold / overbought signals. Might be useful..
C320up RSI Compare X2C320up RSI Compare X2
- Compare the strength of any two securities at once including Bitcoin and EOS shorts and longs.
Simply click on the Ticker Input, type the first letter or two of the security you wish to compare then select from the list.
All tickers listed on TradingView are available.
Default settings are a black line for the first ticker (Bitcoin), and gray for the second (EOS), with the RSI length set at 14.
You can change these colours to suit your preferences.
For example, let’s say you wanted to compare EOS shorts and longs, search for EOSUSDSHORTS and EOSUSDLONGS, and change the colour of the first line to red for shorts, and change the second to green for longs.
You can also change the background colour, and adjust the 70% and 30% lines to suit.
Any questions, just leave a comment.
Check out our scripts page for more indicators.
Happy Trading!
IBD Relative strengtHThis code is to replicate the relative strength indicator as used on investors.com (on lists like the IBD 50, big cap 20 etc).
Let me know if any issues / any updates wanted.
Stochastic RSMFI RibbonFor those of you who like to use the StochasticRSI, this indicator adds a StochasticMFI (Money Flow) into the mix, making it volume weighted.
The red signal line is the StochasticRSI and StochasticMFI averaged together.
The green and yellow ribbon is the two plot lines filled in and coloured depending on which is greater (RSI or MFI).
// Created 2018 - by @Squiggles#8806
// LTC Tip Jar: LX4bUBdjiRPsagUbZoAczSGgDC4YqTJL7w
Mansfield Relative Strength Multi TrendThis indicator is an advanced studie of 'Mansfield Relative Strength Trend' indicator
Since it is too time consuming to constantly change the index, I have developed a multi-index indicator.
The default order of the indexes is:
1. S&P 500
2. Dow Jones Industrial Average
3. Nasdaq Composite
4. NYSE Composite
5. DAX
You can change all indexes in the settings if you want.
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'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index.
This indicator combines the relative strength with Weinstein's stage analysis.
The indiacator was made for weekly stock charts only!
BUY & HOLD Conditions (green):
1. Mansfield Relative Strength is above the zero line
2. Price is above the Simple Moving Average (30)
3. Simple Moving Average (30) is rising
SELL & HOLD Conditions (red):
1. Mansfield Relative Strength is below the zero line
2. Price is below the Simple Moving Average (30)
3. Simple Moving Average (30) is falling
It is recommended to end the trade when the trend changes.
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Please always remember, there is no holy grail indicator!
Mansfield Relative Strength Trend'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index (in this case the S&P 500).
This indicator combines the relative strength with Weinstein's stage analysis.
The indiacator was made for weekly stock charts only!
BUY & HOLD Conditions (green):
1. Mansfield Relative Strength is above the zero line
2. Price is above the Simple Moving Average (30)
3. Simple Moving Average (30) is rising
SELL & HOLD Conditions (red):
1. Mansfield Relative Strength is below the zero line
2. Price is below the Simple Moving Average (30)
3. Simple Moving Average (30) is falling
It is recommended to end the trade when the trend changes.
Default index is S&P 500, but you can change the index in the settings if you want.
Please always remember, there is no holy grail indicator!
Currency StrengthRepublished: The original script violated house rules by including an external link to Backtest Rookies.
Background
The currency strength indicator takes up to 4 forex pairs and calculates the average strength across all pairs. The indicator uses the pair's daily percentage change to calculate the overall strength. For flexibility, it can accept any instrument as an input. This means you can use multiple instances to track various currency strengths. It was designed with the major pairs in mind but there is no reason why it cannot be used for other FX pairs.
Note: The indicator defaults to GBP. When setting it up for other currencies, be sure to flag whether the currency is a counter currency or not.
The code is provided free and open source. Please modify it as you see fit.
Screenshots
Defaults with Annotation
Yen strength beating pound strength
Opposing Trends
Power Bars This is the latest and greatest of technical analysis .
Values for your favourite indicators can easily be changed to customise your strategy.
When an indicator becomes bullish or bearish , a notification appears on the bar.
When all indicators align, Power Bars show up. Red Power Bars are bearish , blue Power Bars are bullish.
This is what the bars look like close-up.
