Relative Strength with F&O stocks sector automatic mapping

2024년 12월 31일

Determine the relative strength of a stock vis-a-vis a larger benchmark. Default is NIFTY50.


Key Features:
Sector Mapping: The script identifies the stock's sector using predefined arrays for sector stocks (e.g., healthcareStocks, energyStocks). It maps the stock to its sector index, like NSE:CNXIT for IT stocks.
Relative Strength Calculation: The RS is calculated by comparing the stock's price movements with its sector index or the default index.
Customizable Options:
Period (length) for RS calculation.
Display options like zero line, reference labels, trend color, etc.
Visual Enhancements:
Trend colors for RS crossovers.
Option to show moving averages of RS or price for confirmation.


note:- original author bharatTrader
original script :

updated by: Sheladiya_Aakash , Vijay0388

2024년 12월 31일

릴리즈 노트

Determine the relative strength of a stock vis-a-vis a larger benchmark. Default is NIFTY50.


Key Features:
Sector Mapping: The script identifies the stock's sector using predefined arrays for sector stocks (e.g., healthcareStocks, energyStocks). It maps the stock to its sector index, like NSE:CNXIT for IT stocks.
Relative Strength Calculation: The RS is calculated by comparing the stock's price movements with its sector index or the default index.
Customizable Options:
Period (length) for RS calculation.
Display options like zero line, reference labels, trend color, etc.
Visual Enhancements:
Trend colors for RS crossovers.
Option to show moving averages of RS or price for confirmation.


note:- original author bharatTrader
original script :

updated by: Sheladiya_Aakash , Vijay0388