OPEN-SOURCE SCRIPT
Atualizado CRS by TQ

CRS by TradeQUO
Comparative Relative Strength Indicator
What it does
Key Plots
How to Interpret
Trend-Following
Regime Filter
Divergence Signals
Pairs Trading
Why it matters
Comparative Relative Strength Indicator
What it does
- Computes the percentage difference in performance between your current chart symbol (e.g. GC1!) and a chosen benchmark (e.g. ES1!, DXY, NQ1!).
- Smooths that “CRS” line with a configurable moving average (SMA, EMA, WMA) — default length is 63 bars.
Key Plots
- CRS (%) (aqua) — how your symbol has held up relative to the benchmark since the chart loaded.
- CRS MA (%) (fuchsia) — smoothed trend of that relative strength.
How to Interpret
Trend-Following
- Long when CRS crosses above its MA and is above 0 → your symbol is outperforming.
- Short (or reverse) when CRS crosses below its MA and is below 0 → underperformance.
Regime Filter
- CRS > 0 → Risk-On environment for your symbol vs. benchmark.
- CRS < 0 → Risk-Off relative to the benchmark.
Divergence Signals
- Bearish Divergence: Price makes a higher high, but CRS makes a lower high → potential sell-off incoming.
- Bullish Divergence: Price makes a lower low, but CRS makes a higher low → look for rebound opportunity.
Pairs Trading
- Outperformance: Long your symbol + Short benchmark when CRS > MA.
- Underperformance: Short your symbol + Long benchmark when CRS < MA.
Why it matters
- Reveals relative market leadership early, not just absolute price moves.
- Helps you allocate risk dynamically, spot rotations and catch reversals before they show in price alone.
Notas de Lançamento
🧭 Update: CRS by TQ — Pro (v1.3) A major refinement of the Comparative Relative Strength framework — improved visual logic, smoother workflow, and cleaner structure.
Changelog:
- Added: MA1 is now visible in all modes (including US/EU/Asia sessions).
- Refined: Auto-derived MA2 remains exclusive to “Chart Start” mode for proper normalization.
- Improved: Fill and color balance for clearer bias recognition.
- Updated: Input structure reorganized for better usability and logical grouping.
- Fixed: Alert definitions moved to global scope (compile-safe).
- Optimized: Benchmark label redesigned — now shows session awareness and active mode context.
Notes:
- “Chart Start” mode anchors CRS from the first visible bar — ideal for intraday or multi-session studies.
- Session modes (US, EU, Asia) reset CRS daily at market open — perfect for rotation and relative strength tracking.
- MA2 length is auto-calculated from internal AutoDay logic (days × session-minutes ÷ timeframe-minutes).
Developed by tradequo © 2025 • advanced comparative analytics for professional traders.
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Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.