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 author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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