OPEN-SOURCE SCRIPT
Dual Relative Strength (vs NIFTY) Nikrun
1. Fast RS (Early Leadership)
• Indicator: Relative Strength (by modhelius)
• Comparative Symbol: NIFTY
• Period: 26 weeks (~6 months)
• Purpose: Detects early shifts in relative strength before price fully confirms.
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2. Slow RS (Confirmation)
• Add the same indicator again.
• Comparative Symbol: NIFTY
• Period: 52 weeks (1 year)
• Purpose: Confirms sustained leadership. Helps filter noise & false positives.
⸻
3. Visuals
• Style tip:
• Make RS(26) = blue line (fast, responsive).
• Make RS(52) = thicker black/green line (slow, authority).
• Keep zero line visible so you instantly see outperformance/underperformance.
⸻
• Indicator: Relative Strength (by modhelius)
• Comparative Symbol: NIFTY
• Period: 26 weeks (~6 months)
• Purpose: Detects early shifts in relative strength before price fully confirms.
⸻
2. Slow RS (Confirmation)
• Add the same indicator again.
• Comparative Symbol: NIFTY
• Period: 52 weeks (1 year)
• Purpose: Confirms sustained leadership. Helps filter noise & false positives.
⸻
3. Visuals
• Style tip:
• Make RS(26) = blue line (fast, responsive).
• Make RS(52) = thicker black/green line (slow, authority).
• Keep zero line visible so you instantly see outperformance/underperformance.
⸻
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