OPEN-SOURCE SCRIPT

Periodic price change comparison

Periodic price change.

Application:
Sector rotation analysis by comparing different tickers.
Simple statistical analysis (with lookback period) for knowing how good they were.

If you are a believer in sector rotation, you can add different sector stocks to see which of them are lagged behind and buy them.
In this example, you could see tesla periodically fall behind the market. You can buy it when it is on that zone.

And you can also refer to the sharpe ratio and the average gain rate on the chart to see how good the stocks were.
Relative Strength Comparison

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?

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