Relative Strength (RS) Line

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TC2000 Edition

Relative Strength Script

Features

Number 1

RS New High Indicator

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Price New High Indicator

024 number 3

Customizable

034 number four

RS New High Daily & Weekly Alerts

045 number 5

Alternate Overlay

Relative Strength Script

RS New High Indicator

A pink histogram bar appears whenever the RS Line makes a new 250 day high or a new 52 week high on the weekly chart version.

During a correction watch for this to occur before a new price all-time high. This could signal a breakout will occur once the market pressure lifts


Relative Strength Script

Price New High Indicator

A blue histogram appears whenever the price of the stock makes a new 250 day high or 52 week high. This helps identify breakouts.

Look for high volume to accompany the breakout to new all-time highs.


Relative Strength Script

Customizable

The RS line can be altered in multiple ways. You can change the symbol it compares the price of the stock to, the plot style, color, line style and line width. You can also change the opacity of the line for more of an overlay effect.


Relative Strength Script

Alternate Overlay

If you would prefer the RS Line to overlay with the chart, you can use the alternate daily and weekly templates linked below in the instructions.

Instructions

Panel View Daily Template: https://www.tc2000.com/~sIgt2R

Panel View Weekly Template: https://www.tc2000.com/~RPaAzd

Overlay View Daily Template: https://www.tc2000.com/~MEZTa7

Overlay View Weekly Template: https://www.tc2000.com/~iP8LaU

Script instructions
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