D Cap-Shoe RS Indicator

Creator: Definedge

The D-Cap Shoe is a relative strength indicator plotted on a candlestick chart. The indicator was developed and introduced by Prashant Shah in his book on relative strength.

During the session, there is a strong bullish box above the candle, indicating that the stock outperformed the denominator.

During the session, the stock underperformed the denominator, as indicated by the strong bearish box below the candle.

Click here to learn more about the indicator.