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.