The indicator calculates a weighted composite relative strength score across short, mid, and long-term Rate of Change (ROC) horizons alongside RSI for up to eight customizable symbols.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Users can measure raw momentum or compare performance relative to a selected benchmark instrument. It outputs a sorted, color-graded heat table directly on the price chart, organizing assets from strongest to weakest. Settings allow customization of symbols, ROC periods, weight allocations, RSI length, benchmark options, and dashboard table placement.
Multi-horizon composite relative strength scoring
Optional benchmark-relative performance tracking
Color-graded sorted leaderboard table display
Configurable symbol watchlist and timeframe weights
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
1
symbol
BINANCE:BTCUSDT
s1
2
symbol
BINANCE:ETHUSDT
s2
3
symbol
BINANCE:SOLUSDT
s3
4
symbol
BINANCE:BNBUSDT
s4
5
symbol
BINANCE:XRPUSDT
s5
6
symbol
BINANCE:ADAUSDT
s6
7
symbol
BINANCE:AVAXUSDT
s7
8
symbol
BINANCE:DOGEUSDT
s8
ROC Short
int
10
l1
w
float
0.5
w1
ROC Mid
int
30
l2
w
float
0.3
w2
Show all 18 settings
Setting
Type
Default
Variable
ROC Long
int
90
l3
w
float
0.2
w3
RSI Length
int
14
rsiLen
Relative to Benchmark
bool
false
useBench
Benchmark
symbol
BINANCE:BTCUSDT
bench
Position
string
top_right
pos
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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