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CRS by TQ

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CRS by TradeQUO
Comparative Relative Strength Indicator

What it does

  • Computes the percentage difference in performance between your current chart symbol (e.g. GC1!) and a chosen benchmark (e.g. ES1!, DXY, NQ1!).
  • Smooths that “CRS” line with a configurable moving average (SMA, EMA, WMA) — default length is 63 bars.


Key Plots

  • CRS (%) (aqua) — how your symbol has held up relative to the benchmark since the chart loaded.
  • CRS MA (%) (fuchsia) — smoothed trend of that relative strength.


How to Interpret

Trend-Following

  • Long when CRS crosses above its MA and is above 0 → your symbol is outperforming.
  • Short (or reverse) when CRS crosses below its MA and is below 0 → underperformance.


Regime Filter

  • CRS > 0 → Risk-On environment for your symbol vs. benchmark.
  • CRS < 0 → Risk-Off relative to the benchmark.


Divergence Signals

  • Bearish Divergence: Price makes a higher high, but CRS makes a lower high → potential sell-off incoming.
  • Bullish Divergence: Price makes a lower low, but CRS makes a higher low → look for rebound opportunity.


Pairs Trading

  • Outperformance: Long your symbol + Short benchmark when CRS > MA.
  • Underperformance: Short your symbol + Long benchmark when CRS < MA.


Why it matters

  • Reveals relative market leadership early, not just absolute price moves.
  • Helps you allocate risk dynamically, spot rotations and catch reversals before they show in price alone.


Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.