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TradingView Relative Strength Line

TradingView Relative Strength Script

Relative Strength (RS) Line

tradingview

TradingView Edition

Relative Strength Script

Features

Number 1

Pink Dot

013 number 2

Raw RS Rating

024 number 3

Direction-Based

034 number four

Fully Customizable

045 number 5

Candlestick RS

RS Alerts

Relative Strength Script

Pink 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.


Relative Strength Rating

Raw Relative Strength Rating

The RS Line Script features an RS Rating from 1-99 with 99 being the strongest rating. This measures the stock’s performance relative to the S&P 500.


Relative Strength Script

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.


Relative Strength Script

Fully Customizable

Make it your own! In settings you can:

  • Change Line Type
  • Change Line Width
  • Hide Relative Strength Rating
  • Hide Green Dot
  • Hide Pink Dot
  • Calculate Relative Strength vs Any Index
  • Change Line Up/Line Down Colors
  • & More

Relative Strength Script

Candlestick Relative Strength

View the Relative Strength Line in candlestick format. This gives a unique view and adds an additional layer of clarity.


Relative Strength Script

Relative Strength 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).

Instructions

  1. Head over to https://www.tradingview.com/u/TraderLion/#published-scripts
  2. Find TraderLion’s Relative Strength Line & click on it
  3. Click “ Add to Favorite Scripts ” near the bottom of the page
  4. Click “ Indicators ” at the very top on TradingView. Under Favorites click the script
Script instructions

Contributors

TL Scripts Triathlete Trader

@triathletetrade

RayTL Twitter Profile Pic

@RayTL_

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