Heads-up display of essential Real Day Trading criteria
Daily Volume
Relative Strength/Weakness
ATR 14 and ATR 14 percent of price
Relative Volume (RVol)
Relative Volume to SPY RVol (RRVol)
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Adjusted SPY timeframe comparison from M5 to instead match the current selected period.
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New 'bar relative strength' indicators (experimental, let me know how they work)
Color coding for ATR and RS levels; can be customized
Improved layout and color
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Disabled 'recent bar relative strength' visibility by default
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Formatted "recent bar relative strength" into table tucked below main table. This seems to work best a stand-alone pane rather than an overlay.
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(publishing new chart)
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Added experimental "Relative ATR" which compares current ATR to the previous 600 bars. The theory is that this will identify tickers that are showing above-average movement as an additional indication of institutional buying.
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ATR now matches selected timeframe (was tied to 5-min chart)
Increased ATR to 10 bars
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- Label adjusts to show "RS" or "RW" based on value - Recent bar strength values displayed newest to oldest, right-to-left
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Added plot of the ticker's relative volume and the SPY's relative volume. This is very powerful as an increase in a stock's relative volume (to its history) shows institutional interest.
Love this script but was wondering why it is able to work on the 15 sec chart but is unable to load on the 1 min chart. Is there something that I can do to fix this issue? It works great on 5 min and above but I often use the 2 and 1 min charts and it does not work on there. Thanks so much.
ahmed42d44
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Very helpful! I love it!
BoucherSB
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Thank you! Giving this indicator a go. I do not see a script for the RS/RW. How are these calculated?
Tony_Kitchen
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Awesome indicator. It is helping me in my short duration swing trading and active managing core positions. Was wondering how is the RRVOL working for you?
leeban605
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Great work on this. Seriously, in combination with your other indicators, you got a full suite for RS/RW.
How do you turn on the bar by bar strength against SPY (or whatever index selected)? I can't seem to figure it out.
glst0rm
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@leeban605, thank you! Ah, I took that feature out when I was trying to optimize performance time. I'll add it back in though in my next release (asap hopefully!).
Love this script - thank you very much for providing this. Is there anyway I can just use the Table and have it overlap on my chart vs. the indicator strip at the bottom? I would love to just use the table, but I can't find a way to get rid of the actual indicator strip at the bottom of the chart.
glst0rm
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@SecretWizard, you bet! In the settings you can uncheck the option to show the plot. Then right click the indicator and "Move to ... existing pane above". It will then overlay the main chart and put it in the bottom corner (or wherever you configure it).