Volatility Adapted Relative Strength

VARS uses a stock's ALPHA in comparison to the SPX to determine whether there is RS on an volatility adjusted basis.

הערות שחרור:

Changes:
(1) Length of the α-timeframe.
(2) Additional coloring for higher α-values.

הערות שחרור:

Each variable of the indicator is now fully editable.

הערות שחרור:

The script now works with two different beta and alpha reference points to map VARS to longer and shorter running time frames. Each value is customizable.
Nota bene: The default values are still work in progress.