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Cập nhật Relative Strength Confluence - vs Benchmark
RS Confluence - Dual Signal vs Benchmark
RS Confluence is a relative strength indicator designed to measure whether the current symbol is outperforming or underperforming a chosen benchmark (default: BTC), using two independent signals on the price ratio between the symbol and the benchmark.
How it works
The indicator calculates a ratio between the current symbol's close and the benchmark's close (Symbol / Benchmark), then evaluates it through two lenses:
Level — RSI applied directly to the ratio. Measures whether the symbol is currently trading strong or weak relative to the benchmark.
Momentum — RSI applied to the Rate-of-Change of the ratio. Measures whether relative performance is accelerating or decelerating.
Both signals are kept on the same 0-100 scale, allowing them to be plotted together and compared directly.
Confluence Scoring
Bullish signal — Level and Momentum both cross above the bullish threshold (default 55) → RS BULLISH 2/2.
Bearish signal — Level and Momentum both cross below the bearish threshold (default 45) → RS BEARISH 2/2.
Partial agreement (1/2) and neutral readings (0/2) are also tracked and displayed in the info table.
Features
- Configurable benchmark symbol (any ticker, default BTC)
- Dual confluence scoring (Level + Momentum)
- Background coloring on full confluence
- Triangle markers on the first bar of a new confluence signal
- Live info table showing ratio, level, momentum and confluence status
- Built-in warning when the chart symbol matches the selected benchmark
- TradingView alert conditions for bullish/bearish confluence and midline crosses
- Non-repainting (uses confirmed values on the current timeframe)
How to Read the Chart
Blue Line (Level) — RSI of the Symbol/Benchmark ratio. Shows whether the symbol is currently stronger or weaker than the benchmark.
Orange Line (Momentum) — RSI of the ratio's Rate-of-Change. Shows whether that relative strength is accelerating or fading.
Dashed Threshold Lines — The upper line is the bullish threshold, the lower line is the bearish threshold. Full confluence requires both Level and Momentum to be on the same side of their respective threshold at the same time.
Red Triangles (top, pointing down) — Mark the first bar of a new RS BEARISH 2/2 signal: both Level and Momentum dropped below the bearish threshold together.
Green Triangles (bottom, pointing up) — Mark the first bar of a new RS BULLISH 2/2 signal: both Level and Momentum rose above the bullish threshold together.
Background Shading — Highlights the full duration of an active confluence signal (not just the trigger bar), making it easy to see how long the symbol stayed in a bullish or bearish RS regime.
Suggested Interpretation
RS Confluence is intended as a context indicator, not a standalone trading signal. A coin can show a strong technical setup on its own chart, but if it is underperforming the benchmark (e.g. BTC), the setup carries less weight — and vice versa. Use this indicator to filter or confirm signals from other tools rather than trading it in isolation.
Important
Do not apply this indicator to a chart where the symbol is the same as (or economically equivalent to) the selected benchmark — the ratio becomes constant or near-constant, making the readings meaningless. The indicator detects an exact ticker match and displays a warning in the info table, but different tickers referencing the same underlying asset (e.g. the same coin on a different exchange or quote currency) are not automatically detected.
This is the third indicator in a related series, designed to work alongside Divergence Confluence 7 and Volume Surge - Dual Period as part of a broader confluence-based analysis approach.
RS Confluence is a relative strength indicator designed to measure whether the current symbol is outperforming or underperforming a chosen benchmark (default: BTC), using two independent signals on the price ratio between the symbol and the benchmark.
How it works
The indicator calculates a ratio between the current symbol's close and the benchmark's close (Symbol / Benchmark), then evaluates it through two lenses:
Level — RSI applied directly to the ratio. Measures whether the symbol is currently trading strong or weak relative to the benchmark.
Momentum — RSI applied to the Rate-of-Change of the ratio. Measures whether relative performance is accelerating or decelerating.
Both signals are kept on the same 0-100 scale, allowing them to be plotted together and compared directly.
Confluence Scoring
Bullish signal — Level and Momentum both cross above the bullish threshold (default 55) → RS BULLISH 2/2.
Bearish signal — Level and Momentum both cross below the bearish threshold (default 45) → RS BEARISH 2/2.
Partial agreement (1/2) and neutral readings (0/2) are also tracked and displayed in the info table.
Features
- Configurable benchmark symbol (any ticker, default BTC)
- Dual confluence scoring (Level + Momentum)
- Background coloring on full confluence
- Triangle markers on the first bar of a new confluence signal
- Live info table showing ratio, level, momentum and confluence status
- Built-in warning when the chart symbol matches the selected benchmark
- TradingView alert conditions for bullish/bearish confluence and midline crosses
- Non-repainting (uses confirmed values on the current timeframe)
How to Read the Chart
Blue Line (Level) — RSI of the Symbol/Benchmark ratio. Shows whether the symbol is currently stronger or weaker than the benchmark.
Orange Line (Momentum) — RSI of the ratio's Rate-of-Change. Shows whether that relative strength is accelerating or fading.
Dashed Threshold Lines — The upper line is the bullish threshold, the lower line is the bearish threshold. Full confluence requires both Level and Momentum to be on the same side of their respective threshold at the same time.
Red Triangles (top, pointing down) — Mark the first bar of a new RS BEARISH 2/2 signal: both Level and Momentum dropped below the bearish threshold together.
Green Triangles (bottom, pointing up) — Mark the first bar of a new RS BULLISH 2/2 signal: both Level and Momentum rose above the bullish threshold together.
Background Shading — Highlights the full duration of an active confluence signal (not just the trigger bar), making it easy to see how long the symbol stayed in a bullish or bearish RS regime.
Suggested Interpretation
RS Confluence is intended as a context indicator, not a standalone trading signal. A coin can show a strong technical setup on its own chart, but if it is underperforming the benchmark (e.g. BTC), the setup carries less weight — and vice versa. Use this indicator to filter or confirm signals from other tools rather than trading it in isolation.
Important
Do not apply this indicator to a chart where the symbol is the same as (or economically equivalent to) the selected benchmark — the ratio becomes constant or near-constant, making the readings meaningless. The indicator detects an exact ticker match and displays a warning in the info table, but different tickers referencing the same underlying asset (e.g. the same coin on a different exchange or quote currency) are not automatically detected.
This is the third indicator in a related series, designed to work alongside Divergence Confluence 7 and Volume Surge - Dual Period as part of a broader confluence-based analysis approach.
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Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.