jamiespips

IBD Relative strengtH

This code is to replicate the relative strength indicator as used on investors.com (on lists like the IBD 50, big cap 20 etc).

Let me know if any issues / any updates wanted.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

Isn't the IBD Relative Strength Rating on a scale of 1-99?
Thanks
+82 Reply
Can it be made as to make it relative to used the 1-99 ranking formula to allow direct comparison between stocks relative strength instead of it being grounded in the stock?
+31 Reply
Quuh M-Trader1
@M-Trader1, Proper question! Is there any answer?
Reply
@Quuh, no - the 1-99 ranking formula on IBD is calculated by comparing the relative strength of the stock against all stocks in the index. This would need a database of the stocks with updated list of relative strengths for each
Reply
Quuh bluemosaic73
@bluemosaic73, Thanks for answering!
Reply
What is the point of Mult and S4?
+12 Reply
Can this be used in other stock market?
+8 Reply
Can you please let me know how to modify this script for the Think or Swim platform?
+4 Reply