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

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

2020年7月28日

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Added input as source. Some cosmetic changes.

2021年11月16日

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• 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

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

6月30日

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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.