Relative Strength Rank
Posted: Mon Jul 22, 2019 7:16 amThe indicator creates a score based upon the symbols historical price movement. You can then compare this score to the other RS Rank scores of other stocks or ETFs in your basket of trading instruments. Thus, you can simply pick the instrument with the highest RS Rank score when creating a momentum-based trading system.
Relative Strength Rank.lua- (5.94 KiB) Downloaded 345 times