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Relative Strength ES - NQ - (@algo Trading Lit)
Relative Strength ES - NQ - (@algo Trading Lit)
AND WEAKNESS
S&P VS NASDAQ
Relative Strength/Weakness
Using SMT
Reversals
Relative Strength or Weakness is when comparing correlated
Relative Strength/Weakness assets, assessing which one is more bullish (strength) or
bearish (weakness).
Strength Weakness
ES or NQ Chart
1
SMT can be used to show a divergence between correlated
Using SMT assets. This can be used to show relative strength and
weakness.
Relative
Strength
Relative
Weakness
ES or NQ Chart
2
Relative Strength or Weakness can be determined
Using ES/NQ Chart comparing ES to NQ by charting ES1! / NQ1! on Tradingview.
ES/NQ : ES : NQ :
ES/NQ : ES : NQ :
ES/NQ : ES/NQ :
ES : ES :
NQ : NQ :
ES/NQ Chart
3
My Theory is reversals on ES1!/NQ1! can be used to show
Reversals the change in correlation and used to anticipate a reversal
on ES or NQ and/or determine relative strength.
ES/NQ : ES/NQ :
ES : ES :
NQ : NQ :
ES/NQ Chart
4
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