OPEN-SOURCE SCRIPT
Dual Relative Strength (Fast & Slow, Single Baseline)
Dual-Period RS Setup (Fast + Slow)
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.
⸻
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.
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.
⸻
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.