OPEN-SOURCE SCRIPT
Relative Strength Confluence Strip
RS Confluence Strip – Relative Strength Dashboard
This indicator gives a quick visual read on how the current stock is performing relative to the broader market, its sector, and its industry/theme.
It displays six boxes across the chart:
Four selectable market indices (SPY, QQQ, IWM, DIA, etc.)
One selectable sector ETF (XLK, XLE, XLF, etc.)
One selectable industry or theme ETF (SMH, IGV, IBB, XOP, etc.)
Each box shows a 0–100 relative strength rank, based on a user-defined lookback period. The number tells you where the stock’s relative performance currently sits within its recent range.
Higher numbers = stronger outperformance
Lower numbers = relative weakness
Mid-range = neutral
**The industry/theme selection must be adjusted manually to match the current ticker.
You can adjust:
The benchmarks used
The lookback length
Colors (bull / bear / neutral / text)
Position on the chart
Vertical spacing (for stacking with other indicators)
Optional outer border
This tool doesn’t generate trade signals. It’s designed to support a top-down process and help confirm strength or weakness before entering a position.
This indicator gives a quick visual read on how the current stock is performing relative to the broader market, its sector, and its industry/theme.
It displays six boxes across the chart:
Four selectable market indices (SPY, QQQ, IWM, DIA, etc.)
One selectable sector ETF (XLK, XLE, XLF, etc.)
One selectable industry or theme ETF (SMH, IGV, IBB, XOP, etc.)
Each box shows a 0–100 relative strength rank, based on a user-defined lookback period. The number tells you where the stock’s relative performance currently sits within its recent range.
Higher numbers = stronger outperformance
Lower numbers = relative weakness
Mid-range = neutral
**The industry/theme selection must be adjusted manually to match the current ticker.
You can adjust:
The benchmarks used
The lookback length
Colors (bull / bear / neutral / text)
Position on the chart
Vertical spacing (for stacking with other indicators)
Optional outer border
This tool doesn’t generate trade signals. It’s designed to support a top-down process and help confirm strength or weakness before entering a position.
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.