TradingView Relative Strength Line

Features

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 breakout emerging.

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.

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:

Change Line Type
Change Line Width
Hide Relative Strength Rating
Hide Green Dot
Hide Pink Dot
Calculate Relative Strength vs Any Index
Change L

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 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

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