Relative Strength (One Day) (Indicator)
DisclaimerInput Information
| Name | Expression | Default | Description |
| Symbol1 | String | Symbol | First symbol whose performance is to be compared. |
| Symbol2 | String | "SPY" | Second symbol whose performance is to be compared. |
| RelStrHiAlert | Numeric | 1000000 | Value for the high difference alert. |
| RelStrLoAlert | Numeric | -1000000 | Value for the low difference alert. |
Market Synopsis
The Relative Strength (One Day) grid based indicator calculates and plots the daily percent change (performance) for two symbols (markets) and the difference between the percent change values.
By default, the first symbol uses the current grid row and compares it to the second reference symbol "SPY". Both Symbol1 and Symbol2 can be changed based on user specified inputs.
Alerts may be set to inform you when the relative strength difference value exceeds the high or low value of a user specified range.
The Relative Strength (One Day) indicator makes use of a pair of QuotesProvider components that allows multiple symbols to be referenced in calculations and does not require that either of them be the current row symbol. A Quote collection in each QuotesProvider includes values for the Last and PreviousClose for both symbols that are used to calculate the percent change.
Plot Information
| Number | Name | Default Color | Description |
| Plot1 | Sym1 | Default | Plots the name of symbol 1. |
| Plot2 | Sym1PctChg | Green/Red | Plots the percent change for symbol 1 since yesterday. |
| Plot3 | Sym2 | Default | Plots the name of symbol 2. |
| Plot4 | Sym2PctChg | Green/Red | Plots the percent change for symbol 2 since yesterday. |
| Plot5 | RelStr | Green/Red | Plots the relative strength (percent change difference) between symbo1 and symbol2. |
Designed for grid applications and symbols with a Daily, Weekly, or Monthly interval setting.