Comparing Multi-Asset Performance with Anchored Percentage Changes
Summary
This indicator compares up to three user-configured groups of assets by plotting percentage changes from a selected period. The reset point can be a fixed interval, a timestamp, or the visible chart range, and calculations can use chart data or a chosen timeframe. It can track price, open interest, or on-balance volume, with optional smoothing and visual emphasis for leading and lagging series.
Optional displays add a group average or first-ticker benchmark, a distribution profile around the mean, and a table with percentage change, correlation to the mean, RSI, and beta. The script exposes charting and labeling choices but does not provide a trading rule, performance study, or evidence that these comparisons predict returns. Results depend on the selected assets, timeframe, anchor, and available data; the indicator is best understood as a customizable comparison and monitoring tool.
Key ideas
- Percentage changes can be compared across configurable asset groups from a chosen time anchor.
- The indicator can display price, open interest, or on-balance volume changes.
- Optional group means and distribution profiles summarize how assets sit relative to the group.
- A table can report changes, correlation, RSI, and beta using configurable reference lengths.
- The script provides visualization and comparison features, but no tested trading strategy or predictive evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.