Ind1_MIST_TMRS

This script combines multiple indicators (Trend, Momentum and relative Strength), so that user can decide on entry points based on the combination.
It uses
1) ADX
2) RSI
3) Relative strength (RS)

ADX and RSI has threshold value settings. ADX Threshold values is generally between 20 and 25, whereas RSI threshold value is between 50 and 55. The threshold lines will appear on indicator.

Relative strength of an asset under review can be compared against the main index or sectoral index.
Set relative strength period as given below for best analysis
1) 12 for Monthly charts
2) 52 for weekly charts
3) 123 for daily charts
The RS is displayed as background color. By default background color is Green for RS>0 and Red for RS<0

Note:
RSI, ADX and RS can be hidden by deselecting "Show RSI", "Show ADX" and "Show RS" from inputs settings
When RS is deselected from inputs setting then background color is white

This indicator will be displayed in the section below the chart.