PROTECTED SOURCE SCRIPT

Intradayscanner – Institutional Interest (vs. RSP)

409
This indicator measures volatility-adjusted Relative Residual Strength (RRS) of any symbol versus RSP (the Invesco S&P 500® Equal Weight ETF) to surface potential institutional interest overlooked by cap-weighted benchmarks.

Equal-weighted benchmark: Uses RSP instead of SPY, so each S&P 500 component carries equal influence—highlighting broad institutional flows beyond the largest names.

ATR normalization: Computes a “Divergence Index” by dividing RSP’s price move by its ATR(14), then adjusts the symbol’s move by that index and rescales by its own ATR(14). This isolates true outperformance.

Residual focus: RRS represents the portion of a symbol’s move unexplained by broad-market action, making it easier to spot when institutions rotate into specific stocks.

Visualization: Plots RRS as green/red histogram bars and overlays a 14-period EMA for trend smoothing.

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.