OPEN-SOURCE SCRIPT
Relative Strength vs Benchmark
Plots (stock return - benchmark return) over a lookback window. Above zero =
outperforming. The background turns green on a "bullish decoupling": the
benchmark drops materially while the stock holds.
Set the benchmark to the sector ETF (e.g. a gold/junior-miner ETF) or a
commodity proxy relevant to the name.
outperforming. The background turns green on a "bullish decoupling": the
benchmark drops materially while the stock holds.
Set the benchmark to the sector ETF (e.g. a gold/junior-miner ETF) or a
commodity proxy relevant to the name.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.