OPEN-SOURCE SCRIPT
Difference in price change
Compares price change between current symbol and other one (eg. BTC vs S&P500). It calculates price change on each bar (from high to low or from open to close) and compares with price change of equivalent bar from the other source.
Example
Current symbol
Second symbol
Performance of price change = (-30) - (+30) = -63 // It means that current source has weaker performance right now
Example
Current symbol
- open = 10 USD
- close = 7 USD
- change = -3 USD
- % change = -30%
Second symbol
- open = 3 USD
- close = 4 USD
- change = +1 USD
- % change = +33%
Performance of price change = (-30) - (+30) = -63 // It means that current source has weaker performance right now
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.