TradingView Relative Strength Line
Features
Pink Dot
Raw Relative Strength Rating
Direction-Based
Fully Customizable
Candlestick Relative Strength
Relative Strength Alerts
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.
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 Line Up/Line Down Colors
- & More
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
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
