Here’s a quick trick showing how to overlay the S&P 500 on the RS Line indicator in @TradingView. This can be helpful to see the divergence between the two and get a visual when a stock is outperforming the market.
Here’s a quick trick showing how to overlay the S&P 500 on the RS Line indicator in @TradingView.
— John Muchow (@JohnMuchow) July 26, 2021
This is helpful to see the divergence between the two and get a visual when a stock is outperforming the market. #CANSLIM pic.twitter.com/U9stgM6a5Q
Additional RS Line Information
■ RS Line Indicator for TradingView (open source)
■ Create your own RS Line Indicator for TradingView in Pine Script
TradingView is my preferred tool for charting and technical analysis.
If you haven’t tried TradingView, I highly recommend you check out the free trial!