OPEN-SOURCE SCRIPT
Telah dikemas kini

CRS by TQ

1 078
CRS by TradeQUO
Comparative Relative Strength Indicator

What it does

  • Computes the percentage difference in performance between your current chart symbol (e.g. GC1!) and a chosen benchmark (e.g. ES1!, DXY, NQ1!).
  • Smooths that “CRS” line with a configurable moving average (SMA, EMA, WMA) — default length is 63 bars.


Key Plots

  • CRS (%) (aqua) — how your symbol has held up relative to the benchmark since the chart loaded.
  • CRS MA (%) (fuchsia) — smoothed trend of that relative strength.


How to Interpret

Trend-Following

  • Long when CRS crosses above its MA and is above 0 → your symbol is outperforming.
  • Short (or reverse) when CRS crosses below its MA and is below 0 → underperformance.


Regime Filter

  • CRS > 0 → Risk-On environment for your symbol vs. benchmark.
  • CRS < 0 → Risk-Off relative to the benchmark.


Divergence Signals

  • Bearish Divergence: Price makes a higher high, but CRS makes a lower high → potential sell-off incoming.
  • Bullish Divergence: Price makes a lower low, but CRS makes a higher low → look for rebound opportunity.


Pairs Trading

  • Outperformance: Long your symbol + Short benchmark when CRS > MA.
  • Underperformance: Short your symbol + Long benchmark when CRS < MA.


Why it matters

  • Reveals relative market leadership early, not just absolute price moves.
  • Helps you allocate risk dynamically, spot rotations and catch reversals before they show in price alone.


Nota Keluaran
🧭 Update: CRS by TQ — Pro (v1.3)
A major refinement of the Comparative Relative Strength framework — improved visual logic, smoother workflow, and cleaner structure.

Changelog:
  • Added: MA1 is now visible in all modes (including US/EU/Asia sessions).
  • Refined: Auto-derived MA2 remains exclusive to “Chart Start” mode for proper normalization.
  • Improved: Fill and color balance for clearer bias recognition.
  • Updated: Input structure reorganized for better usability and logical grouping.
  • Fixed: Alert definitions moved to global scope (compile-safe).
  • Optimized: Benchmark label redesigned — now shows session awareness and active mode context.


Notes:
  • “Chart Start” mode anchors CRS from the first visible bar — ideal for intraday or multi-session studies.
  • Session modes (US, EU, Asia) reset CRS daily at market open — perfect for rotation and relative strength tracking.
  • MA2 length is auto-calculated from internal AutoDay logic (days × session-minutes ÷ timeframe-minutes).


Developed by tradequo © 2025 • advanced comparative analytics for professional traders.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.