Comparative RSI

Comparative RSI is an indicator that compares two prices of the same asset. In the example below, OPEN and CLOSE were used. When the Comparative RSI indicator moves sideways it means that the relationship between the two inputs is closely related and move in the same way. If the Comparative RSI indicator decreases, the first price is not very efficient compared to the second one. All values above 1.0 show that the price is outperforming the base price, while a value below 1.0 indicates that it is underperforming.