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  • Relative Strength ES - NQ - (@algo Trading Lit)

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    Leonardo Pereira
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    Relative strength and weakness can be assessed by comparing correlated assets like the S&P 500 (ES) and NASDAQ (NQ) indexes. The SMT indicator can show divergences between assets to identify relative strength or weakness. Charts of the ES to NQ ratio (ES1!/NQ1!) on Tradingview allow direct comparison of the two indexes to determine which has performed better. Reversals in the ratio may anticipate changes in the relative performance of ES and NQ and help traders identify opportunities.

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    Relative_Strength_ES.NQ-(@algo_trading_lit)

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    Relative strength and weakness can be assessed by comparing correlated assets like the S&P 500 (ES) and NASDAQ (NQ) indexes. The SMT indicator can show divergences between assets to identify relative strength or weakness. Charts of the ES to NQ ratio (ES1!/NQ1!) on Tradingview allow direct comparison of the two indexes to determine which has performed better. Reversals in the ratio may anticipate changes in the relative performance of ES and NQ and help traders identify opportunities.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    17 views7 pages

    Relative Strength ES - NQ - (@algo Trading Lit)

    Uploaded by

    Leonardo Pereira
    Relative strength and weakness can be assessed by comparing correlated assets like the S&P 500 (ES) and NASDAQ (NQ) indexes. The SMT indicator can show divergences between assets to identify relative strength or weakness. Charts of the ES to NQ ratio (ES1!/NQ1!) on Tradingview allow direct comparison of the two indexes to determine which has performed better. Reversals in the ratio may anticipate changes in the relative performance of ES and NQ and help traders identify opportunities.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 7

    RELATIVE STRENGTH

    AND WEAKNESS
    S&P VS NASDAQ
    Relative Strength/Weakness

    What is Relative Strength & Weakness

    Using SMT

    Using ES/NQ Chart

    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
    Resources

    Relative Strength / Weakness Video

    YouTube

    Discord

    Twitter

    Affiliate Links

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