OPEN-SOURCE SCRIPT
Updated JSE Top 40 Comparative Relative Strength
This code adapts the code by vitvlkv to be appropriate for comparison of JSE stocks with the Top 40 index. It also includes moving averages and Bollinger Bands to identify extreme conditions. You can change the colours and deselect moving averages to make the plot less cluttered. You can also change the selection to compare the stock against to JSE:J201 if you want to compare it to the All Share Index.
Release Notes
Updated the default comparison market to JSE Top40.Release Notes
Updated script from old version to //version=4 with associated syntax. Also, ensure any repainting is removed.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.