Comparing Assets with a Percent Rank Histogram

Summary

This indicator compares the recent closing-price percent rank of up to ten selected instruments. Percent rank expresses how many observations in a lookback window are at or below the current value, placing the reading on a zero-to-one-hundred scale. Each asset is shown as a labeled, color-coded column: higher readings use greener colors and lower readings use redder colors. Labels also show whether the reading has risen or fallen over a comparison interval.

The example defaults focus on a group of crypto assets and total market capitalization, but the tickers can be changed. The accompanying description interprets readings above the midpoint as relatively strong and those below it as relatively weak, offering a compact cross-asset trend comparison. This is a visualization of relative position in each asset’s own history, not a direct comparison of returns or a standalone trading signal. Its interpretation depends on the selected lookback, assets, data sources, and chart context; no tested strategy or performance evidence is supplied.

Key ideas

• Percent rank measures the share of prior observations at or below the current value within a chosen lookback.
• The indicator displays readings for up to ten selected symbols using labeled columns and a red-to-green color scale.
• Labels indicate whether percent rank has moved up or down over a comparison interval.
• A reading above or below the midpoint is presented as a relative strength or weakness cue, not a tested entry rule.
• The default symbol set emphasizes crypto, while users can select other available instruments.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.