But it produces scan results that don’t exactly match with the values visible on the chart. This video shows how to configure a custom scan in Thinkorswim using an improved Relative Strength … S&P 500 : Relative strength chart comparison, ratio chart index S&P 500 | SP500 | USA The result of this division is the ratio or relationship between the two securities. Input Parameters Jan 28, 2019 #1 ... UseThinkScript is in no way affiliated with TD Ameritrade or the ThinkorSwim platform. It took me some to dig into the guts and work out a solution.

Thinkorswim does have a built in relative strength study. It is derived by dividing one security's price by another ("base") security's price. Thinkorswim Scan Relative Strength Quickly find stocks that over-perform or under-perform an index. Relative Strength compares the price movement of a stock with an index, a sector or another stock to indicate their correlation. But notice that FAHN and its relative strength indicator shows a pattern that’s generally opposite to … Thread starter netarchitech; Start date Jan 28, 2019; netarchitech Well-known member. RelativeStrength Description. Sell Relative Strength Index (sRSI) Indicator for ThinkorSwim. Figure 2 shows the relative strength of FAHN over the same time period and compared to the SPX. Relative strength is a measure of the price trend of a stock or other financial instrument compared to another stock, instrument or industry. That strength accelerated in mid-March, as indicated by the upward-sloping relative strength line.