Relative Strength ComparisonRelative Strength Comparison compares a security's price change with that of a "base" security or index.
You can change the "base" security from the indicator settings.
You can compare:
- Stock to other stock
- Stock to the benchmark index
- One index to another index
RS
ElearnMarkets RSHow it works?
1. With this indicator you can compare any other symbol of index/security with selected symbol.
2. You can compare with three different Indices/symbols.
3. Also you can keep different timeframe and length of period to compare with the current symbol.
4. No need to add multiple indicators for same purpose.
Thanks,
Yogesh
IBD RS, Relative strengthRelative Strength calculation of 3 time periods: 12 months, 6 months and 3 months.
RSI with SMA ( Normal Formula of RSI)Tradingview has a different type of RSI. I prepare a normal formula for RSI to calculate better backtest performance.
