RRGPy 📊
This script generates a scatter plot of the JdK RS Ratio vs JdK RS Momentum, known as Relative Rotation Graph, for a set of tickers and displays their current status based on their position in the plot. The RRG (Relative Rotation Graph) Indicator is a visual tool used in technical analysis to identify and compare the relative strength of different assets in a market.
Requirements
This script requires the following libraries: tkinter pandas numpy yfinance matplotlib scipy
You can install them using pip
pip install pandas numpy yfinance matplotlib scipy
Usage
Clone this repository:
git clone https://github.com/An0n1mity/RRGPy
Open the rrg_indicator.py file and modify the following variables to suit your needs:
- period: the period of historical prices to retrieve (e.g., '1y', '3mo', '5d')
- tickers: a list of ticker symbols for the assets you want to analyze
- tail: the number of historical data points to display as markers (default is 5)
- tickers_to_show: a list of ticker symbols to show in the scatter plot (default is all tickers)
- benchmark: the benchmark asset to use for comparison (default is '^STOXX')
- window: the window size for rolling calculations (default is 14)
Run the script:
python rrg_indicator.py
The script will generate a scatter plot with the JdK RS Ratio on the x-axis and JdK RS Momentum on the y-axis, as well as a table with the current status of each ticker based on their position in the plot. You can change the ticker by clicking on it in the table.
Ressources
- https://marginstone.com/how-to-create-a-relative-rotation-graph-on-excel/
- Book new frontiers in technical analysis: effective tools and strategies for trading and investing paul ciana