One can use this indicator to compare two security i.e. (Nifty and stock with its own sector) how it is performing in compare with preferred index ( Nifty 50 by default). > 0 outperforming < 0 underperforming
Works best for Daily TF, but can be applied to Weekly and monthly charts . Can be use on smaller time frame as well, as per the number of hour you want to calculate. Apply it to Nifty 50 , industry index, sector index or other security in similar sector
I have Added the Box table as well which shows the performance agents Nifty and selected sector.
릴리즈 노트
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This is the upgraded version for IT-Dual Relative Strength with same name but V2.0
One can use this indicator to compare two security i.e. ( Nifty and stock with its own sector) how it is performing in compare with preferred index ( Nifty 50 by default). > 0 outperforming < 0 underperforming
Works best for Daily TF, but can be applied to Weekly and monthly charts . Can be use on smaller time frame as well, as per the number of hour you want to calculate. Apply it to Nifty 50 , industry index, sector index or other security in similar sector
I have Added the Box table as well which shows the performance agents Nifty and selected sector.
Release Notes: Added toggle color option on crossovers Fixed bug on label display, even when plot option was disabled
릴리즈 노트
⋅
In addition to the existing RS behavior, it is now possible to superimpose price-action behavior on the RS line. As per existing RS, RS above zero indicates outperformance/strength over the selected benchmark and RS below zero indicates underperformance/weakness over the selected benchmark for the selected period.