OPEN-SOURCE SCRIPT
更新済 Relative Strength Regime Meter (SPY/QQQ/Peer Auto)
RS Dash v2 is a relative strength (RS) dashboard designed to quickly answer one question:
Is this asset leading or lagging vs (1) the market, (2) Nasdaq/growth, and (3) its peer group?
What it measures
For the current chart symbol, it calculates RS ratios:
RS vs SPY (market baseline)
RS vs QQQ (Nasdaq / growth baseline)
RS vs PEER ETF (sector/industry baseline)
RS ratio is simply:
RS = Symbol Close / Benchmark Close
Then it compares each RS ratio to its moving average (MA):
✅ if RS > RS_MA
Optional stricter rule: ✅ only if RS > RS_MA and RS_MA is rising
Peer ETF: Manual or Auto
You can pick the peer ETF in two ways:
MANUAL mode
Choose from labeled options like:
XLK – TECH, XLE – ENERGY, SMH – SEMIS, etc.
AUTO mode (default)
The script selects the peer ETF whose returns have the highest correlation to the symbol over a lookback window, with guardrails:
Min correlation threshold: if correlation is too low, it falls back to your chosen fallback peer.
Sticky switching: it only changes peer when the new best peer is better by a set margin (reduces “flicker”).
The table shows what AUTO picked, and it also prints the correlation as a trust meter.
Dashboard + Score
A table (bottom-left) shows:
SPY ✅/❌
QQQ ✅/❌
PEER ✅/❌ (with chosen peer name)
Total score 0–3
Interpretation:
3/3 = strong leadership (outperforming market + Nasdaq + peers)
2/3 = mixed leadership
0–1/3 = weak / lagging regime
Plot modes (solves scaling issues)
Because raw RS ratios can be on very different numeric scales, there are three plot modes:
Signal (% vs RS MA) (recommended)
Plots each RS as % above/below its RS MA where 0 = neutral.
Indexed (Base 100)
Normalizes each RS to start at 100 so you can compare “performance curves.”
Raw (single)
Shows only one RS ratio at a time (SPY / QQQ / PEER) for inspection.
Leadership line (Regime meter)
The Leadership line is a step line that visualizes the 0–3 score as a regime meter (it only has 4 states, by design). It helps you spot regime shifts without reading the table.
Divergences (optional)
Optional bullish/bearish divergence markers compare price pivots vs RS pivots on your chosen benchmark (SPY/QQQ/PEER). These are confirmation tools, not signals by themselves.
What this indicator is NOT
It does not predict tops/bottoms.
It does not replace fundamentals or risk management.
“AUTO peer” is correlation-based; in unusual regimes it can pick a peer that’s statistically close but not conceptually perfect — override with MANUAL when needed.
Suggested workflow
Keep plot mode on Signal (% vs RS MA)
Use AUTO peer for speed; flip to MANUAL if the chosen peer doesn’t make sense.
Use score changes + divergences as context, then use your main price/volume system for entries/exits.
Open-source, modify as you like.
Shorter description
RS Dash v2 compares the current symbol’s relative strength vs SPY, QQQ, and a Peer ETF (manual or auto-selected).
Each benchmark gets a ✅/❌ based on whether RS > RS_MA (optional: MA rising). The dashboard shows a 0–3 score and a Leadership step line that visualizes regime shifts.
Includes 3 plot modes to fix scaling: Signal (% vs MA), Indexed Base 100, and Raw single. Optional RS divergences.
Settings explanation
RS MA length: smoothing for RS trend. Higher = slower, fewer flips.
Auto return length / correlation lookback: controls how AUTO chooses the peer. Higher = more stable but slower to adapt.
Min corr / switch delta: guardrails to prevent nonsense picks and rapid switching.
Plot mode: choose Signal for decision clarity, Indexed for comparison curves, Raw for inspection.
Blunt “professional honesty” note
Correlation-based peer selection is a statistical best guess, not a fundamental sector classifier. That’s why the indicator is transparent: it shows the selected peer and correlation so users can override.
Is this asset leading or lagging vs (1) the market, (2) Nasdaq/growth, and (3) its peer group?
What it measures
For the current chart symbol, it calculates RS ratios:
RS vs SPY (market baseline)
RS vs QQQ (Nasdaq / growth baseline)
RS vs PEER ETF (sector/industry baseline)
RS ratio is simply:
RS = Symbol Close / Benchmark Close
Then it compares each RS ratio to its moving average (MA):
✅ if RS > RS_MA
Optional stricter rule: ✅ only if RS > RS_MA and RS_MA is rising
Peer ETF: Manual or Auto
You can pick the peer ETF in two ways:
MANUAL mode
Choose from labeled options like:
XLK – TECH, XLE – ENERGY, SMH – SEMIS, etc.
AUTO mode (default)
The script selects the peer ETF whose returns have the highest correlation to the symbol over a lookback window, with guardrails:
Min correlation threshold: if correlation is too low, it falls back to your chosen fallback peer.
Sticky switching: it only changes peer when the new best peer is better by a set margin (reduces “flicker”).
The table shows what AUTO picked, and it also prints the correlation as a trust meter.
Dashboard + Score
A table (bottom-left) shows:
SPY ✅/❌
QQQ ✅/❌
PEER ✅/❌ (with chosen peer name)
Total score 0–3
Interpretation:
3/3 = strong leadership (outperforming market + Nasdaq + peers)
2/3 = mixed leadership
0–1/3 = weak / lagging regime
Plot modes (solves scaling issues)
Because raw RS ratios can be on very different numeric scales, there are three plot modes:
Signal (% vs RS MA) (recommended)
Plots each RS as % above/below its RS MA where 0 = neutral.
Indexed (Base 100)
Normalizes each RS to start at 100 so you can compare “performance curves.”
Raw (single)
Shows only one RS ratio at a time (SPY / QQQ / PEER) for inspection.
Leadership line (Regime meter)
The Leadership line is a step line that visualizes the 0–3 score as a regime meter (it only has 4 states, by design). It helps you spot regime shifts without reading the table.
Divergences (optional)
Optional bullish/bearish divergence markers compare price pivots vs RS pivots on your chosen benchmark (SPY/QQQ/PEER). These are confirmation tools, not signals by themselves.
What this indicator is NOT
It does not predict tops/bottoms.
It does not replace fundamentals or risk management.
“AUTO peer” is correlation-based; in unusual regimes it can pick a peer that’s statistically close but not conceptually perfect — override with MANUAL when needed.
Suggested workflow
Keep plot mode on Signal (% vs RS MA)
Use AUTO peer for speed; flip to MANUAL if the chosen peer doesn’t make sense.
Use score changes + divergences as context, then use your main price/volume system for entries/exits.
Open-source, modify as you like.
Shorter description
RS Dash v2 compares the current symbol’s relative strength vs SPY, QQQ, and a Peer ETF (manual or auto-selected).
Each benchmark gets a ✅/❌ based on whether RS > RS_MA (optional: MA rising). The dashboard shows a 0–3 score and a Leadership step line that visualizes regime shifts.
Includes 3 plot modes to fix scaling: Signal (% vs MA), Indexed Base 100, and Raw single. Optional RS divergences.
Settings explanation
RS MA length: smoothing for RS trend. Higher = slower, fewer flips.
Auto return length / correlation lookback: controls how AUTO chooses the peer. Higher = more stable but slower to adapt.
Min corr / switch delta: guardrails to prevent nonsense picks and rapid switching.
Plot mode: choose Signal for decision clarity, Indexed for comparison curves, Raw for inspection.
Blunt “professional honesty” note
Correlation-based peer selection is a statistical best guess, not a fundamental sector classifier. That’s why the indicator is transparent: it shows the selected peer and correlation so users can override.
リリースノート
# RS Window Returns - Multi-Benchmark Relative Strength RegimeA relative-strength (RS) regime indicator that combines rolling RS returns, trend structure, acceleration, persistence, normalization, and multi-benchmark confirmation.
The goal is simple:
**Is the symbol showing real leadership, or just bouncing?**
## Key Features
### Two RS Modes
**Ratio Chart Close**
* Use on ratio charts such as `BOAT/SPY`, `NVDA/QQQ`, or `HIMS/XBI`.
* Reads the chart ratio directly.
**Symbol / Benchmarks**
* Use on normal stock or ETF charts.
* Calculates RS versus:
* SPY (market)
* QQQ (growth/risk-on)
* User-selected peer benchmark
### True Weekly RS
Optional weekly aggregation keeps RS windows consistent across timeframes:
* RS 6
* RS 13
* RS 20
* RS 26
Can use either:
* Live weekly values (updates during the week)
* Last confirmed weekly close
### RS Regime Engine
Measures:
* Rolling RS returns
* Log-return acceleration
* 20/40 RS trend structure
* Persistence above trend
* Percentile rank
* Z-score normalization
### RS Score (0-100)
Weighted score based on:
* Trend
* Returns
* Acceleration
* Persistence
* Normalization
Typical interpretation:
* **80+** Strong Leader
* **65-79** Leader
* **50-64** Improving / Mixed
* **35-49** Weak / Mixed
* **<35** Laggard
### Multi-Benchmark Confirmation
Evaluates leadership versus:
* SPY
* QQQ
* Peer benchmark
Evidence:
* **0/3** No confirmation
* **1/3** Isolated strength
* **2/3** Confirmed strength
* **3/3** Broad leadership
### Built-In Safety Checks
* Warns when using the wrong chart mode.
* Detects invalid peer benchmarks.
* Excludes peer comparisons when the peer equals the chart symbol.
## RS States
* Strong Leader
* Leader
* Fresh Rotation
* Leader Pullback
* Fading Leader
* Laggard Bounce
* Structural Laggard
* Neutral / Mixed
## Event Markers
Core markers:
* **START** – Early RS improvement
* **CONF** – Leadership confirmed
* **FADE** – Leadership weakening
* **BRK** – RS breakdown
Optional advanced markers:
* New RS highs
* Multi-benchmark confirmations
* Peer confirmations
* Multi-benchmark fades
## Recommended Use
For most users:
* Mode: **Symbol / Benchmarks**
* Market Benchmark: **SPY**
* Growth Benchmark: **QQQ**
* Peer Benchmark: Matching sector/theme ETF
* True Weekly Calculation: **ON**
Examples:
* SMH = Semiconductors
* XBI = Biotech
* XLK = Technology
* XLE = Energy
* XLF = Financials
* XLI = Industrials
* IYT = Transports
## Best Use Cases
* Finding market leaders
* Identifying early rotations
* Separating leadership from weak bounces
* Comparing symbols against market, growth, and sector benchmarks
* Monitoring whether leadership is broad or isolated
## Important
This is **not** a buy/sell system.
Relative strength should be used alongside price structure, trend, volume, and risk management.
**Price first. Relative strength second. Sector confirmation third.**
Not financial advice.
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
Researching companies, industries & charts with custom indicators. This is not financial advice.
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
Researching companies, industries & charts with custom indicators. This is not financial advice.
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。