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CARS (Caruso RS)

CARS (Caruso RS)

HISTORY AND CREDITS–––––––––––––––––––––––––––––––––––––––––––––––––––––––
I got inspired to build this based on some public lectures I have seen of Matt Caruso. Matt says he has taken 10 years to build this tool. The idea of a 'better' Relative Strength hit home and I cracked open the textbooks to see which technique would serve best. I think I have made a very close (my estimate about 90%) script to the original. I do not claim it to be a 100% match - refer to section COMPARISON section below .

  • PRODUCT INFO

    WHAT IT DOES––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
    💡A significant advancement in relative strength analysis is Caruso Adaptive Relative Strength (CARS).

    The CARS tool makes it quick and easy to determine whether an asset exhibits Relative Strength and is therefore subject to institutional accumulation.

    CARS is not restricted to equities and may be used to find RS on any traded security like crypto, forex, bonds or ETFs. By design, CARS adjusts to a security's volatility to discover RS in a slower-moving, dividend-paying investment just as easily as in a one with strong velocity. Due to this feature, investors are able to use RS analysis on any security type that fits their objectives and risk tolerance.

    When the indicator calculates a favourable, strong relative strength in the ticker it paints the background of the chart to the chosen color.

    🎁 Unlike the original indicator, I have left a few customisable settings for those who wish to toggle the sensistivity:
    ✅. You can choose which index you compare Relative Strength against (perfect for anyone trading international)
    ✅. You can choose how manyDays Lookback the ticker uses to make calculations
    ✅. You can chooses what Timeperiod in number of bars the ticker uses to calculate Relative Strength
    ✅. I have made all calculations adaptable for larger and smaller timeframes (so wether you are daytrader or investor this will adapt to the way you have customised your chart).

    HOW TO USE IT–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
    The tool highlights the periods of time when the ticker has the highest probability of attracting institutional investors and hence result in price appreciation. The blue color appears in stages of the indicator where significant upward moves are probable.

    You can use the indicator as part of the longer term trend analysis of your research.

  • ACCESS INFO

    For Tradingview:

    After you have purchased the indicator have to send us your TradingView username in order to get access.

     

    For ThinkorSwim:

    Please send us an email and we will send you over a link where you can download the file.

     

  • TradingView Product

    Link to TradingView script

  • DELIVERY

    After payment is made, access to the script will be given within 2 hours

  • PROMO VIDEO

    If you are looking for Promo videos, where you can compare the original indicators to what we have creted there are plenty of public information in Youtube. If you have trouble finding them shoot us a message.

    Also check out this free Investor's Business Daily video: here

  • COMPARISON

    Here are 4 examples of comparison of the original and my twist of the indicator

     

$580.00 Regular Price
$175.00Sale Price
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