PROTECTED SOURCE SCRIPT
Relative Strength
Compares a stock’s price to a chosen index (e.g., NIFTY, SPX, CNX500) to calculate Relative Strength (RS).
Plots RS as a line with customizable colors for rising (bullish) or falling (bearish) trends.
Includes a moving average (Simple, Exponential, or Weighted) to smooth the RS line.
Highlights new RS highs/lows with green/red dots for quick trend spotting.
Customizable Inputs: Choose index (e.g., NSE:NIFTYMIDSML400), period (default 66), scaling factor (default 15), and MA type/period.
Visuals: Color-coded RS line (blue by default) and filled ribbon (green for RS > MA, red for RS < MA).
Signals: Marks new RS highs (green dots) and lows (orange dots) over a user-defined lookback period.
Why use it?
Helps identify stocks gaining momentum vs. the market, perfect for swing traders and investors looking for breakout opportunities.
Plots RS as a line with customizable colors for rising (bullish) or falling (bearish) trends.
Includes a moving average (Simple, Exponential, or Weighted) to smooth the RS line.
Highlights new RS highs/lows with green/red dots for quick trend spotting.
Customizable Inputs: Choose index (e.g., NSE:NIFTYMIDSML400), period (default 66), scaling factor (default 15), and MA type/period.
Visuals: Color-coded RS line (blue by default) and filled ribbon (green for RS > MA, red for RS < MA).
Signals: Marks new RS highs (green dots) and lows (orange dots) over a user-defined lookback period.
Why use it?
Helps identify stocks gaining momentum vs. the market, perfect for swing traders and investors looking for breakout opportunities.
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受保護腳本
此腳本以閉源形式發佈。 不過，您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。