OPEN-SOURCE SCRIPT
Compare ticker against SPX - yoyo
This script is built on a request of one of the best trader yoyo. The script compares the performance of a tickers against SPX.
The script gives user option to override default SPX ticker to a ticker of their choice using settings.
The script does a % change comparison against base stock which is SPX by default for same timeframes and you can see relativity of stock to the other.
It also does plot a line that shows any divergence.
The script gives user option to override default SPX ticker to a ticker of their choice using settings.
The script does a % change comparison against base stock which is SPX by default for same timeframes and you can see relativity of stock to the other.
It also does plot a line that shows any divergence.
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.