Relative Strength Meter

The relative strength meter (RSM) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSM is displayed as an color coded meter.

GREEN: Bullish Uptrend

RED: Bearish Downtrend

YELLOW: Disbursement 

Highlights:

• Add to any chart or time frame
• Prints on the current bar in real time
• DOES NOT repaint several bars after the fact
• Freedom to Tune
• User can change colors