Comparative Relative Strength of a stock

2020年7月16日

Perform comparative relative strength of a stock. Default base is NIFTY 50.

2020年7月19日

發行說明

Cosmetic changes to make the display pretty and input choices in more logical sequence.

2020年7月28日

發行說明

Added input as source. Some cosmetic changes.

2021年11月16日

發行說明

• version 5
  
• Added color code for CRS moving average
  

A color-based trend on the Ratio moving average. The trend lookback is configurable.

2023年2月25日

發行說明

• Possible to plot candles, of ratio chart, instead of line chart only.
  

2024年6月30日

發行說明

Updated to include a "CRS Score" and "CRS Pattern"

• CRS Score: The number of consecutive bars, when the trend of the relative strength is increasing/decreasing. If CRS is falling, score will be negative, if rising, score will be positive and 0 if it is neither positive nor negative (blue)
  
• CRS Pattern: The pattern of the last 23 (default) bars for the CRS Trend.
  

If say, the CRS Pattern is RRRRRRRRRSSGG - It means that after 11 bars, the strength is now positive for last 2 bars. This is a good way to visualise a turn around in relative strength of the stock. Higher the number of opposite trend the greater that chance of the reversal.