Relative PPP for USDBRLThis indicator calculates the USDBRL exchange rate using the Relative Purchasing Power Parity method, which considers that the variation in the exchange rate is equal to the variation in inflation in Brazil minus the variation in inflation in the US. It is derived from the Law of One Price, which states that an identical good should have the same price in different markets when adjusted for exchange rates, assuming the absence of arbitrage barriers such as transaction costs or trade restrictions.
The indicator is calculated starting from June 1994, at the launch of the Real Plan, which equalized the value of the Brazilian Real and the US Dollar at that time. This indicator is useful for providing an idea of the long-term trend of the Dollar exchange rate (months or years), acting similarly to a moving average, around which the exchange rate gravitates.
It's useful for analysts who have to forecast the USDBRL in the long term.
Tìm kiếm tập lệnh với "Relative"
Relative Volume Candles [QuantVue]In the words of Dan Zanger, "Trying to trade without using volume is like trying to drive a few hundred miles without putting gas in your tank. Trying to trade without chart patterns is like leaving without having an idea how to get there!"
Volume tends to show up at the beginning and the end of trends. As a general rule, when a stock goes up on low volume, it's seen as negative because it means buyers aren't committed. When a stock goes down on low volume, it means that not many people are trying to sell it, which is positive.
The Relative Volume Candles indicator is based on the Zanger Volume Ratio and designed to help identify key volume patterns effortlessly, with color coded candles and wicks.
The indicator is designed to be used on charts less than 1 Day and calculates the average volume for the user selected lookback period at the given time of day. From there a ratio of the current volume vs the average volume is used to determine the candle’s colors.
The candles wicks are color coded based on whether or not the volume ratio is rising or falling.
So when is it most important to have volume? When prices break out of a consolidation pattern like a bull flag or cup and handle pattern, volume plays a role. When a stock moves out of a range, volume shows how committed buyers are to that move.
Note in order to see this indicator you will need to change the visual order. This is done by selecting the the 3 dots next to the indicator name, scrolling down to visual order and selecting bring to front.
Indicator Features
🔹Selectable candle colors
🔹Selectable ratio levels
🔹Custom lookback period***
***TradingView has a maximum 5,000 bar lookback for most plans. If you are on a lower time frame chart and you select a lookback period larger than 5,000 bars the indicator will not show and you will need to select a shorter lookback period or move to a higher time frame chart.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers!
Relative Volume Force IndexThis indicator can anticipate the market movements. Its posible because it calculates how much force (volume) it's necessary to move the price up or down. If it's necessary a lot of volume to move the price a little it's a reversion signal, but if a little volume could change the price whit elevate volatility, it's signal of reversion too. The indicator plots red if the market is down, and green if it's up, the size and the color of the bars cand demonstrate the movement relative force. Does it by the configurable averages. Not works well whit poor liquidity.
Colored RS(Relative Strength)Relative strength is a calculation of the price trend of a stock or a financial instrument in comparison to another instrument, stock, or industry.
Color indication
Red :: Benchmark returns is -ve and the RS_Value is below 0.
Yellow :: Benchmark returns is +ve and RS_Value is below 0.
Green :: Becnhmark returns is +ve and RS_Value is above 0.
Blue :: Benchmark returns is -ve and RS_Value is above 0.
Relative Strength Index 2x maThe relative strength index, represented as two moving averages with periods, one of which will be a multiple of the longer moving average by the amount you set.
The indicator can work both in automatic and manual mode. In automatic mode, the optimal periods are selected, in my opinion, depending on which timeframe is being analyzed at the current moment. In manual mode, you can set the required period yourself.
You can also set the method of smoothing the moving averages yourself and apply them to the opening or closing, the minimum of the bar, etc.
An important point: it is possible to enable/disable graphical functions that may not be required - just check the box next to the function that you want to see on your indicator.
Show ConDiv? - enabling / disabling the convergence/divergence function of the moving averages of the RSI indicator (not to be confused with the MACD for the asset price chart)
Show ma? - enabling/disabling the graphical display of the moving averages of the RSI indicator
Show RSI? - enabling / disabling the standard RSI indicator (if you want to see only it, check the box opposite; in this case, you need to remove the other two checkboxes)
I wish you good luck in building your trading plans, and remember: such indicators do not predict the future price movement on the chart, they only determine the characteristics of the price movement at the current time, taking into account historical data.
Relative Strength (RS) and Rate of Change (ROC) Combined in oneThis indicator combines Relative Strength and Rate of Change (ROC) in one plot. Change the period and comparative symbol (defaulted to NSE:NIFTY) in settings.
Relative Returns StrategyLooks like an ultimate strategy for buy and hold investors.
This is designed based on the indicator :
Converting that into strategy with little optimization yield this. One change here is, instead of using the return percentage directly, we are using moving averages on both of them.
Buy condition : Moving Average on stock return crosses over that of index return.
Sell condition : Moving Average on stock return crosses under that of index return.
Relative Currency StrengthThis indicator shows the relative strength of the majors and crosses compared to each other. So, if you are taking a EURUSD long, are you taking it because the Euro is strong or the USD is weak or both? How do you know? This indicator will show you how strong a current is compared to the other majors and crosses. So in the EURUSD example, you will know how strong the EUR is compared to NZD, AUD, JPY, CHF, GBP, CAD and USD and how strong the USD is compared to the NZD, AUD, JPY, CHF, EUR, GBP and CAD. You can then make an informed choice as to whether the trade makes sense.
Notice in the examples below how the indicator clearly shows how CHF was weak all day and GBP was strong in the morning but then collapsed in the afternoon.
The indicator functions by taking a set point in the day and comparing how price compares to it for the rest of the day. I set it to Europe open and then take context of how a currency is comparing to that price (verses the other currencies) over the course of the day.
You can use the indicator in 2 ways - you set a currency as a baseline and see how other currencies fluctuate about it or you can see how all the currencies strengths compare to each other.
If you have the full tradingview membership you can have 8 screens and see how each currency compares. if you set the indicator to automatic it will automatically default to the base currency that you compare to OANDA gold.
The general strength is useful as a general overview as to where strength and weakness is in the charts. It works by using gold as the baseline which is a reliable way to compare strengths.
REMEMBER, THIS GIVES SUMMARY DATA. USE IT TO GET MARKET CONTEXT IN ORDER TO IDENTIFY WHERE STRENGTH AND WEAKNESS IS - YOU CANT JUST TRADE FROM IT. It's extremely useful in fast moving markets to easily stay aware of what is happening.
Relative Strength of a stockDetermine the relative strength of a stock vis-a-vis a larger benchmark. Default is NIFTY50.
Relative Strength Index for COT System V2Standard Relative Strenght Indicator with coloured value areas. The red area shows a strong overbought level, what can be used as an warning signal for a trend reversal into downtrend.
The green area shows a strong oversold level, what can be used as an warning signal for a trend reversal into uptrend. The yellow areas are only warning areas.
Relative Volatility Index + EMA + HTF RVI// this Script is based on
// added EMA of RVI
// added HTF RVI
// for HTF RVI i use at least 3xcurrent TF
// if RVI goes below EMA and HTF RVI -> weakness
// if RVI goes above EMA and HTF RVI -> strength
relative strength to BTCIt compares how much the asset has gone up or down in % more or less relative to BTC % increments.
It can also be converted into an oscillator
Relative Strength to MarketPlots the relative performance of a stock to a chosen market (default: SP500) as a sliding window average over three different time periods (50, 100 & 200 candles)
Relative Volume Change: BTC | Retail v. Non-Retail [Sim]This script was inspired by Cryptorae's BTC Volume Share, Retail script:
The script plots the relative monthly change of BTC volume, retail vs. non-retail. A move above 1 means the volume of retail or non-retail, respectively, is greater than last month's cumulative volume.
Relative Strength Volatility Variable Bands [DW]This is an experimental adaptive trend following study inspired by Giorgos Siligardos's Reverse Engineering RSI and Tushar S. Chande's Variable Moving Average.
In this study, reverse engineered RSI levels are calculated and used to generate a volatility index for VMA calculation.
First, price levels are calculated for when RSI will equal 70 and 30. The difference between the levels is taken and normalized to create the volatility index.
Next, an initial VMA is calculated using the created volatility index. The moving average is an exponential calculation that adjusts the sampling length as volatility changes.
Then, upper and lower VMAs are calculated by taking a VMA of prices above and below the initial VMA. The midline is produced by taking the median of the upper and lower VMAs.
Lastly, the band levels are calculated by multiplying the distance from the midline to the upper and lower VMAs by 1, 2, 3, 4, and 5.
Bar colors are included. They're based on the midline trend and price action relative to the upper and lower VMAs.
relative strength to SPX500This is the indicators showing the stock relative strength comparing with SPX500.
positive means the stock is strong than spx500
negative means weak than spx500
Relative Price Difference [LAVA]EDIT: Look below for updates to the script.
EDIT: After several updates to this script, I think it's safe to say it will work with all timelines. Using hand drawn trendlines, it can predict tops and bottoms with pretty good accuracy.
Shows a change in the relative price difference via percentage on a 0 horizontal. Added a bollinger band to help identify weak areas (orange). If orange starts showing, the current price direction is strong but can reverse harshly. If you are in a weak position, exit here. Otherwise, don't enter a trade after/during orange sessions until a full cycle (up/dn > 1% without orange) has completed. The main line indicator fluctuates according to the price difference. 1% horizontal lines are added to help identify profit taking spots or OTE zones. Ensure the 1% line is crossed completely before you decide to enter/exit. Cross points are identified with crosses if you missed your window, this is the last spot to exit, enter. This indicator doesn't work that well with small time intervals. As always, use more than one indicator to ensure your decision is right. (The colors are ugly so change them if you wish! :)
Adapted RSI w/ Multi-Asset Regime Detection v1.1The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of an asset's recent price changes to detect overbought or oversold conditions in the price of said asset.
In addition to identifying overbought and oversold assets, the RSI can also indicate whether your desired asset may be primed for a trend reversal or a corrective pullback in price. It can signal when to buy and sell.
The RSI will oscillate between 0 and 100. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition.
The RSI is one of the most popular technical indicators. I intend to offer a fresh spin.
Adapted RSI w/ Multi-Asset Regime Detection
Our Adapted RSI makes necessary improvements to the original Relative Strength Index (RSI) by combining multi-timeframe analysis with multi-asset monitoring and providing traders with an efficient way to analyse market-wide conditions across different timeframes and assets simultaneously. The indicator automatically detects market regimes and generates clear signals based on RSI levels, presenting this data in an organised, easy-to-read format through two dynamic tables. Simplicity is key, and having access to more RSI data at any given time, allows traders to prepare more effectively, especially when trading markets that "move" together.
How we calculate the RSI
First, the RSI identifies price changes between periods, calculating gains and losses from one look-back period to the next. This look-back period averages gains and losses over 14 periods, which in this case would be 14 days, and those gains/losses are calculated based on the daily closing price. For example:
Average Gain = Sum of Gains over the past 14 days / 14
Average Loss = Sum of Losses over the past 14 days / 14
Then we calculate the Relative Strength (RS):
RS = Average Gain / Average Loss
Finally, this is converted to the RSI value:
RSI = 100 - (100 / (1 + RS))
Key Features
Our multi-timeframe RSI indicator enhances traditional technical analysis by offering synchronised Daily, Weekly, and Monthly RSI readings with automatic regime detection. The multi-asset monitoring system allows tracking of up to 10 different assets simultaneously, with pre-configured major pairs that can be customised to any asset selection. The signal generation system provides clear market guidance through automatic regime detection and a five-level signal system, all presented through a sophisticated visual interface with dynamic RSI line colouring and customisable display options.
Quick Guide to Use it
Begin by adding the indicator to your chart and configuring your preferred assets in the "Asset Comparison" settings.
Position the two information tables according to your preference.
The main table displays RSI analysis across three timeframes for your current asset, while the asset table shows a comparative analysis of all monitored assets.
Signals are colour-coded for instant recognition, with green indicating bullish conditions and red for bearish conditions. Pay special attention to regime changes and signal transitions, using multi-timeframe confluence to identify stronger signals.
How it Works (Regime Detection & Signals)
When we say 'Regime', a regime is determined by a persistent trend or in this case momentum and by leveraging this for RSI, which is a momentum oscillator, our indicator employs a relatively simple regime detection system that classifies market conditions as either Bullish (RSI > 50) or Bearish (RSI < 50). Our benchmark between a trending bullish or bearish market is equal to 50. By leveraging a simple classification system helps determine the probability of trend continuation and the weight given to various signals. Whilst we could determine a Neutral regime for consolidating markets, we have employed a 'neutral' signal generation which will be further discussed below...
Signal generation occurs across five distinct levels:
Strong Buy (RSI < 15)
Buy (RSI < 30)
Neutral (RSI 30-70)
Sell (RSI > 70)
Strong Sell (RSI > 85)
Each level represents different market conditions and probability scenarios. For instance, extreme readings (Strong Buy/Sell) indicate the highest probability of mean reversion, while neutral readings suggest equilibrium conditions where traders should focus on the overall regime bias (Bullish/Bearish momentum).
This approach offers traders a new and fresh spin on a popular and well-known tool in technical analysis, allowing traders to make better and more informed decisions from the well presented information across multiple assets and timeframes. Experienced and beginner traders alike, I hope you enjoy this adaptation.
