Relativestrengthline — Göstergeler ve Stratejiler

Base Detector Pro [AletheiaTradeLab]This custom Trading View indicator combines William O’Neal “Base” patterns with several complementary tools—David Ryan’s ANT indicator, key pivot‐based price levels, index and earnings lines, relative strength (RS) line, and moving averages—to help you pinpoint base formations and validate whether each one merits a trade. 1. Bases (William O'Neal) A “base” is simply a period of price consolidation following a significant run-up. During this phase, a stock moves mostly sideways within a defined trading range, forming clear support and resistance lines. Key Criteria for a Valid Base - Prior Uptrend Before a base begins, the stock should already have a healthy advance—typically at least a 30% gain. - Shapes of Bases Bases can form in several distinct geometric patterns, each signaling a different kind of consolidation and potential breakout: Flat Base Shape : A horizontal rectangle bounded by nearly parallel support (bottom) and resistance (top) trendlines. Minimum Length : 5 weeks Maximum Length : 65 weeks Depth : < 15% Pivot Point : Left-side high of base i.ibb.co i.ibb.co Cup Base Shape : A smooth, rounded “U” curve. Minimum Length : 6 weeks Maximum Length : 65 weeks Minimum Depth : 8% Maximum Depth : 50% Pivot Point : Left-side high of base i.ibb.co i.ibb.co Sauce Base Shape : A very gradual, broad “U” curve, often taking more length than cup bases. Minimum Length : 6 weeks Maximum Length : 65 weeks Minimum Depth : 8% Maximum Depth : 50% Pivot Point : Left-side high of base i.ibb.co i.ibb.co Cup with Handle Base Shape : A “U”‐shaped cup followed by a smaller downward-sloping flag or channel (the handle). Minimum Length : 6 weeks Maximum Length : 65 weeks Minimum Depth : 8% Maximum Depth : 50% Pivot Point : High of the handle i.ibb.co i.ibb.co Saucer with Handle Base Shape : Similar to cup with handle, but cup looks like the saucer base. Minimum Length : 6 weeks Maximum Length : 65 weeks Minimum Depth : 8% Maximum Depth : 50% Pivot Point : High of the handle i.ibb.co Ascending Base Shape : An upward-sloping channel or wedge with 3 pullbacks. Each pullback low should be higher than the previous one. It needs around 20% increase from a base to the other. Minimum Length : 8 weeks Maximum Length : 16 weeks Minimum Depth : 8% Maximum Depth : 50% Pivot Point : Left-side high of third base i.ibb.co i.ibb.co Consolidation Base Shape : Similar to flat base, but wider and fails to form any of the above bases. Minimum Length : 8 weeks Maximum Length : 16 weeks Minimum Depth : 8% Maximum Depth : 50% Pivot Point : Left-side high of base i.ibb.co i.ibb.co - Base Stages Once a stock has completed its initial 30% run-up and formed its first base, that pattern is labeled Stage 1. After a breakout from Stage N, the stock must rally at least 20% above the Stage N pivot (the base’s resistance point). If it does, the next valid base becomes Stage N + 1. When a breakout fails to advance at least 20% a base on base forms. This is considered an extension for the current base stage, and a letter is assigned after the stage number. When a breakout fails and the price undercuts the low for the previous base, the base stages reset, and a rally of 30% will be needed to form a new stage 1 base. Note that for IPO stocks, a 30% increase is not required to form the first base. As soon as it meets any of the shape of any of the available bases, it will be drawn. - Base statistics To help you determine how healthy is a base, some statistics are available when you hover on the small dot shown above the high-left side of each base. i.ibb.co Base : The specific pattern type (Flat, Cup, Sauce, etc.). Stage : The stage number of the base (1, 2, 3 …) and, in parentheses, how many distinct bases have formed since the very first base (including base-on-base like 1a, 1b, etc.). Pivot : The resistance level that defines the top of the base. A close above this price often signals a valid breakout and a potential entry point. Length : The number of bars (days on a daily chart; weeks on a weekly chart) between the start of the base and the bar immediately before breakout. (The initial bar and the breakout bar themselves are not counted.) Depth : How far, in percentage terms, the low of the base has fallen below its left-side high. Prior Uptrend : The percent gain from the pivot of the previous base up to the start of the current base. Blue/Red Count : The number of up days (Blue) and down days (Red) during the base where volume was above the 50-period moving average. Price % : The percent change from the close at the end of the base to the close at the breakout bar. Volume % : The percent difference between the volume on the breakout bar and the 50-period average volume at the end of the base. 2. ANT Indicator (David Ryan) The ANT indicator, developed by David Ryan, is a momentum-based signal used to identify high-potential breakout candidates during a stock’s run-up phase. It complements the base patterns by flagging moments of unusually strong price and volume activity within an uptrend, helping confirm emerging strength before or during a base formation. i.ibb.co 3. Key Price Levels (Pivots) Plots recent pivot-based support and resistance levels. i.ibb.co 4. Index Line Overlay Overlays a chosen index (e.g. SPX) on the top portion of the chart to compare relative performance. i.ibb.co 5. Relative Strength (RS) Line Plots the price ratio of the symbol vs. an index (e.g. SPX) to identify outperformance. i.ibb.co 6. Moving Averages (SMA & RS-MA) Allows up to four simple (or exponential) moving averages on price (daily/weekly) and three on the RS line. 7. Earnings Line & EPS Change Marks earnings events on daily/weekly charts and optionally plots YoY EPS change in a lower portion of the chart. The earnings line also shows a projection to estimated earnings. To maintain alignment with the price chart, the line and YoY EPS data are limited to the most recent 28 quarters on weekly charts and 8 quarters on daily charts. For analyzing older data, you can use the replay feature. i.ibb.co 8. Bars Since Trading View displays very thin bars when zoomed out, I added 2-pixel-wide vertical lines over the bars to make them easier to see. 9. Dark Theme I added this for a quick workaround to adapt colors for dark theme. Enabling this overrides any custom settings. Uncheck to customize colors. i.ibb.co

Anchored Relative Strength The Anchored Relative Strength (RS) Indicator is a tool designed for traders to compare the performance of a selected stock or security against a benchmark index or another security starting from a specific point in time. Traditional Relative Strength The traditional RS line is a popular tool used to compare the performance of a stock, typically calculated as the ratio of the stock's price to a benchmark index's price. It helps identify outperformers and underperformers relative to the market or a specific sector. The Anchored Approach The Anchored RS line enhances the traditional concept of the RS line by introducing an anchored approach, where calculations begin from a user-defined date. This feature provides the flexibility to start the comparison from a specific historical event, earnings, market peak, trough, or any date significant to the trader's analysis. Calculating Relative Strength The RS value is calculated by dividing the close price of the chosen stock by the close price of the comparative symbol (SPX by default). This calculation is performed for each bar since the Anchor Date. Indicator Features 🔶Custom Start Date 🔶Custom Comparison Symbol 🔶RS Line Moving Average 🔶Comparison Symbol Line 🔶Customize Colors & Appearance Users can change the anchor date simply by clicking on the indicator and dragging the anchor point.

RS Rating Hello everyone. The RS Rating (or Relative Strenght Rating) is a metric that tracks a stock's price performance relative to the rest of the market. Specifically, it looks at a stock's relative strength over the last 52 weeks. It allows you to identify at a glance stocks that are outperforming the market and may be poised for further gains. Designed for break-out traders, trend follower, value investors, the RS Rating can help you identify promising opportunities and make informed investment decisions. The Rating stands as follow: - From 1 (worst) to 99 (best) - 99 rating means the stock is outperforming 99% of all stocks in terms of relative share price performance over the last 52 weeks. The RS Rating is accompanied by the RS line which is a representation of the progress of the asset against the comparative symbol. (Here SP500) Of course this script is inspired by the IBD rating system. The results may be equivalent but it is not guaranteed. This indicator proposes a scoring system in the style of the one proposed by IBD. Indeed for an optimal result, it would be necessary to compare the relative performance of all actions, which is not yet possible on PineScript. Here is the formula for calculating the score: RS Score = 40% * P3 + 20% * P6 + 20% * P9 + 20% * P12 With P3 = Performance over the last 3 months P6 = Performance over the last 6 months P9 = Performance over the last 9 months P12 = Performance over the last 12 months There is no equivalent solution for the moment on TradingView. The rating score will only appear on the daily timeframe. For now it's my pleasure to share!

Relative Strength 3D Indicator [CC]This is a custom indicator of mine loosely based on the work by James Garofallou (Stocks and Commodities Sep 2020 pg 14) and this is meant for medium to long term trend confirmations. The idea behind this indicator is to capture 3 different dimensions of trend strength. The first dimension captures the overall strength of the underlying stock vs the market (in this case the S&P 500). The second dimension captures the overall trend strength by assigning a scoring system so when all faster moving averages are stronger than slower moving averages then it gets the max points. The final dimension is the strength of the overall strength of everything so far. Buy when the indicator line turns green and sell when it turns red. Let me know if there are any other indicators or scripts you would like to see me publish!

Relative Strength Ratio Chart + Relative Volume Gradient Candles The purpose of the Comparative Relative Strength Ratio indicator is to provide a way of looking at a relative strength ratio as a candle graph instead of only a closing price line, as well as to provide relative volume gradient coloration on the ratio-generated candles, and additionally to plot moving averages of the CRS ratio that can help display shifting trends in relative strength. This is different from my Relative Volume Gradient Paintbars indicator, as well as my Comparison Chart with Relative Volume Gradient Paintbars indicator, in that the first looks at the charted symbol itself, the second looks at an alternate symbol, and this third indicator looks at a ratio between the charted symbol and the alternate symbol. The idea behind this indicator is to provide additional means of evaluating relative strength, such as comparing the moving averages of the comparative relative strength ratio graph to the charted stock symbol's own MAs in order to gauge strength, comparing the price action of the ratio to that of the individual stock and its index, and comparing the volume gradient signal between the ratio, the stock, and the index. The unique volume features allow comparing volume as a percent of the index volume, as well as stock's candle range as a percent of the range of the index. So when the volume as a percentage of the index's overall volume becomes high, this can be made to highlight the candles.

Relative Strength Line by @iArpanK Hello Traders! I'm a Momentum Trader, following the Indian & US markets. Most of us are familiar with the Relative Strength (RS) indicator, popularized by Investor's Business Daily (IBD) and available on their MarketSmith platform. So, here I'm sharing a script that does the same and additionally pops an alert label when the RS line hits a new high (similar to Blue Dot appearance on MarketSmith charts). User Settings Inputs tab Base Symbol : Symbol of the security/index with which you want to compare your current active symbol. Period : Number of days since which you want to scan for a new high (default is 250 days, which approximately pops alerts for new 52 week high in RS). For example, if you want to look for new 10 days high in RS, set the Period to 10. Style tab RS Line : Change color using the palette provided (default is blue). Alert Label : Show/hide alert labels by checking/unchecking the box. Change color using the palette provided. Change alert label symbol. Precision : Default is two decimal places. Can be changed as per requirement. Usage The indicator consists of two components- the Relative Strength (RS) line & alert labels on new RS highs. Relative strength gives a measure of how the underlying security is performing with respect to a base index or security. For example, how is NSE:DIXON performing w.r.t NSE:NIFTY or how is NASDAQ:AAPL performing w.r.t. the TVC:SPX . A rising RS line tells us that the underlying entity is outperforming the base entity. Similarly, a declining RS line shows under-performance of the underlying entity. A new high in RS (especially before a new high in price) often gives valuable information about the underlying security's strength w.r.t. the general market, and can tip us off to a possible breakout in the price in near future. Making RS lists (list of stocks making new high in RS on heavy down days in index) can be very helpful to sort out leaders that are best resisting the decline and are likely to move up aggressively when the market turns favorable. The concept of RS is extensively used by momentum traders and growth stock traders. When used in conjunction with price & volume action, this can be a very powerful tool in your trading arsenal. You can now easily spot RS trends and new highs visually by simply adding this indicator to your chart! Conclusion If you like this script, click on Add to favorite indicators , so that you can easily add this indicator from your favorites tab right away. Thanks!

Jack Corsellis RS Line Relative Strength line which shows a blue dot for new 52 week Relative Strength highs.

TraderLion's Relative Strength Line Relative Strength Line Introduction The script adds a line/candlestick to your charts that shows how well a stock is acting relative to the Index. We call this Relative Strength Line. Relative Strength ( RS ) separates leading stocks from laggards. Stocks showing RS during a market correction phase will often be the strongest movers once the general market is ready to cooperate. Instructions on How To Add this Script to Your TradingView Charting Platform Step 0: Head over to www.tradingview.com Step 1: Add “TraderLion's Relative Strength Line” to your Favorites by clicking “Add to Favorite Scripts” near the bottom of the page. Step 2: Click “Indicators” at the very top on TradingView. Under Favorites click “Relative Strength Line” Step 3: Hover on the Indicator name ( Relative Strength Line) on your plot under legend and click the three dots at the very right. Under the “Pin To Scale” choose a setting that works best for you (optional). Step 4: Done. You have now plotted the Relative Strength Line Features 1) The Pink Dot symbolizes the RS Line reaching new highs before price. RS New Highs Before Price (RSNHBP) is often indicative of a break out emerging. 2) Direction-Based Relative Strength. The RS Line can be customized to color coat depending on its most recent direction. When the line moves up it will be blue, and on the way down pink. Easily glance and see phases of relative strength on the chart. 3) Raw RS Rating - The RS Line Script features an RS Rating from 1-99 with 99 being the strongest rating. The measures the stock’s performance relative to the Index you input. 3) Custom Index Input under Settings - requested feature! 4) Candlestick Relative Strength - A different unique way to view the Relative Strength Line 5) Alerts Conditions - Relative Strength New Highs and Relative Strength New Highs Before Price (RSNHBP)