ThinkorSwim Relative Strength Line

Relative Strength (RS) Line

ThinkorSwim Edition

Features

Pink Dot

Raw RS Rating

Direction-Based

Fully Customizable

Green Dot

Audio RS Alerts

Pink Dot & Green Dot
The Pink Dot symbolizes the RS Line reaching new highs before price.
RS New Highs Before Price (RSNHBP) is often indicative of a break out emerging.
The Green Dot signals the RS line is making a new high. (RSNH)

Raw Relative Strength Rating
The RS Line Script features an RS Rating from 1-99 with 99 being the strongest rating. This measures the stockโs performance relative to the S&P 500.

Direction-Based
The RS Line is color coated depending on its most recent direction.
Easily glance and see phases of relative strength on the chart.

Fully Customizable
Make it your own! In settings you can:
- Hide Relative Strength Rating
- Hide Green Dot
- Hide Pink Dot
- Calculate Relative Strength vs Any Index
- Change Line Up/Line Down Colors
- & More

Audio RS Alerts
Right click on the Relative Strength Line to set alerts based on two conditions: Relative Strength New High (Green Dot) or Relative Strength New Highs Before Price (Pink Dot).
Contributors
